Apple Takes a Bite Out of Samsung

 Apple has hired renowned chip engineer Jim Mergard away from Samsung. Mergard, who was once AMD’s chief engineer, arrives shortly following a report Apple has considered migrating its Macs away from Intel.

Let’s see if after disappointing iPhone 5 sales and missing “wow” effect Apple can deliver a true breakthrough product. The market is awaiting the mini iPad and the iTV as Apple (AAPL) stock has fallen over 10% since its high of above $700 per share just last month.

Read more at WSJ Blog