Intel Acquires Basis Watch

http://wearableworldnews.com/2014/03/03/intel-acquires-basis-100m/

by kyledlloyd • 12 years ago

54 41 12 years ago

rd108• 12 years ago

Congrats Basis!

drakaal• 12 years ago

Intel is clearly looking at wearable and embedded spaces. This seems like a lot to pay for something that doesn't have the install base of Fitbit, or Fuel.

I can't imagine basis had any tech that Intel couldn't replicate, and this seems like too much for talent acquisition.

Not what I would drop $100M on if I was Intel.

lnanek2• 12 years ago

Seems cheap for a company with 18B cash in hand and wanting to expand their hardware offerings. They've been pouring tons of money into gesture tracking web cams, x86 clones of Arduino, etc. all sorts of things.

sliverstorm• 12 years ago

Word is Intel has one rule, and only one rule:

Keep the fab full

The rest of the company exists to feed the fab. So it doesn't surprise me, the lengths they are going in an effort to get Intel silicon into more devices (and more types of devices), especially after they missed the smartphone wave.

HaloZero• 12 years ago

Damn't, that was my favorite watch on the market. Hopefully they support export of data :(

akuma73• 12 years ago

Intel - where startups go to die.

csense• 12 years ago

Wearable computing. Cutting edge technology. Wait a minute...

[1] http://en.wikipedia.org/wiki/Game_%26_Watch

nekopa• 12 years ago

Did you mean

http://en.wikipedia.org/wiki/Nelsonic_Industries

PhantomGremlin4• 12 years ago

Intel's been in the watch business before [0]. It didn't end well then, it probably won't end well now. Hey, at least they didn't spend $19 billion for a texting app.

[0] http://www.flickr.com/photos/joshb/320868833/?rb=1

jey• 12 years ago

FB didn't spend $19B for a texting app. They spent $19B for a huge userbase in parts of the world where FB doesn't have much market share. (And one with considerable network effects leading to significant switching costs.)

I expect there to be some kind of onboarding of the WhatsApp customer base onto FB as smartphones get adopted in those parts of the world.

PhantomGremlin4• 12 years ago

I know it was more than a texting app. Since this story was about Intel not Facebook I probably shouldn't have thrown that line in. But here's why I did:

I'm sure there are all kinds of arguments, explanations, justifications, rationalizations (call it what you will) for FB's purchase of WhatsApp. But my gut feel is that it's not worth paying 1000x TTM revenues for it. Admittedly a large part of the price was in stock not cash.

Same with Intel's purchase. My gut feel is they shouldn't be buying a watch company. Intel has an abysmal track record with acquisitions. I think it's a sign that they're desperately flailing around. I'd rather see them try to become a world class foundry. They certainly have the technology and expertise, and it's much closer to the CEO's background. I.e. "stick to the knitting".

blackdogie• 12 years ago

How does the Basis rank against the other smart watches out there ? I see it's priced higher, $199, where others come in at $100 - $150. The one difference I see is that it can do heart rate monitoring, and a lot of the competition can't (yet).

It's nice to see that they have an API to export your data too.

pisarzp• 12 years ago

It also measures your perspiration.

They focused on gamification and achievements you can unlock ("slept full 8 hours" etc). However it lacks any wireless connectivity, so you need to plug to your computer to download data every day.

I thought it's the most interesting of all smart devices, but I was looking for next gen which hopefully would be wireless and smaller.

faulkner• 12 years ago

If you're holding out for wireless connectivity you can buy the current model - it already has bluetooth.

rmc5• 12 years ago

However it lacks any wireless connectivity, so you need to plug to your computer to download data every day.

Recent ones sync automatically over bluetooth with an smartphone

tehwalrus2• 12 years ago

they all came with bluetooth AFAIK - just took a (always wired) firmware upgrade to the early ones to activate it.

I regularly sync mine with my iPhone.

wonnage2• 12 years ago

FYI, there's no API.

Heart rate monitoring is a bit of a sham, if you're looking to use it during exercise. It's designed to gather more of an average rate throughout the day than give an accurate reading while you're exercising.

The Basis tracks sleep without you having to put it in sleep mode (e.g jawbone UP), which is pretty handy.

They recently added some features that attempt to recognize walking/running/biking automatically ("BodyIQ" is the marketing name). I found it oddly useful for seeing how long it took me to walk places.

Coolest feature: if you rotate your wrist quickly (as you would to look at a watch), the face lights up automatically.

Bluetooth sync works well with Android, pretty useless with iPhone (you have to keep the app open and phone awake or it tends to be flaky).

Basically I like the watch, but for weird reasons - the health tracking isn't really that much better than others, but there are little surprises here and there that make it useful for me. YMMV, and I really don't think seeing how many steps you took in a day will ever be life-changing for anyone.

rmc5• 12 years ago

There's no offical API, but you can figure out the HTTP calls to make. My husband wrote some Nagios checks for himself. We just gotta pay attention to the "heart rate is CRITICAL" alerts now :P

http://tomsalmon.eu/2013/12/data-download-and-nagios-plugin-...

CmonDev• 12 years ago

I still haven't forgiven them the Project Offset death: http://kotaku.com/5577979/intels-project-offset-game-cancell...

webwielder2• 12 years ago

Can someone explain to me Intel's continued fascination with being a consumer company? From constant B2C advertising to their TV and wearable endeavors, they seem to be fixated on being something they're not. Is it corporate vanity? Is there a strategic motivation? If so, have any of their consumer endeavors ever actually borne fruit? I guess it's reminiscent of Microsoft, who don't seem to understand that Windows was not successful because consumers liked it, but because businesses bought it.

PhantomGremlin4• 12 years ago

I think Intel's "strategic motivation" is simple. The US stock market demands ever increasing revenues and earnings from a company. In order to achieve that, often companies do something that the great Peter Lynch called "diworsification" [0]:

   The term was coined by legendary investor Peter Lynch in his book, "One Up Wall Street," where he suggested that a business that diversifies too widely, risks destroying their original business, because management time, energy and resources are diverted from the original investment.

Without continuing earnings and revenue growth, a company is "dead" to much of Wall Street.

I just posted another comment as to what IMO Intel should be doing instead. They should "stick to the knitting". E.g. they could try to become a world class foundry. They've got the fabs, they've got thousands of great engineers. I guess that's just not as sexy as a watch that also measures your perspiration.

[0] http://www.investopedia.com/terms/d/diworsification.asp

webwielder2• 12 years ago

It's a shame that the one time event of going public dooms a company for perpetuity to being subject to the unreasonable demands of shareholders, so often ironically resulting in the downfall of the very value that was supposed to rise as a result of said demands.

bjackman• 12 years ago

Im not a business analyst but possible explanation: Intel want their chips in embedded, low power devices, beating ARM chips to new markets. Nobody is building x86 wearables, so Intel want to start the ball rolling by doing it themselves. similar to how they subsidize x86 tablets.

jrockway• 12 years ago

Is any of this affecting their products? I can't think of any Intel product I've ever owned that wasn't extremely well-made. Their prices are also good. $350 for a 22nm 4-core chip with with 8M of cache? That's nothing. I also like their SSDs and Xeon processors. The Haswell integrated graphics are also very, very good. (My $600 NVidia card has major issues with MST DisplayPort monitors. The Intel chipset Just Works.)

To me it just sounds like they hired a marketing firm to get people to pick Intel over AMD when they don't actually care what they're getting. Nothing wrong with that.

(As for mobile, Intel is getting their lunch eaten by ARM, so I can see why they might want to put more skin in the mobile game. Although, as I understand it, Intel just sells ARM manufacturers time in their last-gen fabs, thus making ARM cheaper than current-gen Intel stuff, but with not as much raw power. ARM cores make up for lack of raw power with lots of special functionality on-die, like video decoders and encoders, which your x86 Intel chip will just do in software.)

jsnell• 12 years ago

I haven't heard anything about Intel selling ARM manufacturers fab time, even on obsolete processes. AFAIK Intel has not really been in the foundry business until very recently. And even that has been with extremely high margin products that don't compete with Intel, such as FPGAs.

Even if they were fabbing some ARM chip, I don't think it could be one of the big players. For example Qualcomm, Nvidia, and TI use TSMC. Apple and Samsung use Samsung's fabs.

dbcooper• 12 years ago

They need to keep their fabs running at a reasonably high capacity to keep per chip production costs down. That enables them to keep the nice high margins on premium parts like server chips.

Edmond• 12 years ago

the key-word/phrase is "internet of things"

http://www.nytimes.com/2014/02/16/technology/intels-sharp-ey...

corresation• 12 years ago

Can someone explain to me Intel's continued fascination with being a consumer company?

I suspect that Intel is buying companies and products like this for the same reason that Microsoft bought Nokia -- they see some markets moving away from them, and rather than convincing other manufacturers and fighting competing inertia, they're going to try to make the market themselves.

That isn't to be dismissive of Intel at all -- they are a tremendous company, and their products are virtually always class leading (in capability and quality). But they were making so much money on the fat processor market they got lured into the classic fallacy of thinking that they were their own biggest competitor, and now the whole ARM ecosystem has turned into a remarkably capable foe.

mahyarm• 12 years ago

I wonder if this will make an API less or more likely. #1 complaint with the watch. Simple stuff like wifi weight scale and runkeeper cardio integration would be pretty nice!

Otherwise congrats to the company!

rmc5• 12 years ago

There's no offical API, but you can figure out the HTTP calls to make. My husband wrote some Nagios checks for himself. We just gotta pay attention to the "heart rate is CRITICAL" alerts now :P

http://tomsalmon.eu/2013/12/data-download-and-nagios-plugin-...

rmc5• 12 years ago

My husband has one and wrote some Nagios checks which download the data over the web. He's basically put himself on Nagios. We just gotta pay attention to the "heart rate is CRITICAL" alerts now :P

http://tomsalmon.eu/2013/12/data-download-and-nagios-plugin-...

matznerd2• 12 years ago

Are you a bot or something? You posted the exact same comment 4 times.

rmc5• 12 years ago

Nope, just copy & pasted the same comment to promote it, in all the places it's relevant.

matznerd2• 12 years ago

I predict wearables, specifically smartwatches, are the next huge consumer category. The tipping point to mainstream will occur when the fashion of the watches catches up with the technology.

tehwalrus2• 12 years ago

I really like my Basis smartwarch - I've only not worn it about 5 days in the last 6 months (since it arrived). I hope they keep the web software running for years to come, the thing is very cloud dependant!

Intel Acquires Basis Watch

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