Apple has agreed to buy a relatively small microprocessor company named PA Semi. PA is known for making  powerful chips that have very low power consumption. That would seem to indicate that Apple intends to use their own chips in the iPhone and other portable devices going forward, as these devices rely heavily on low power consumption. It would also seem to indicate that Apple is fixing to tell Intel to take a long walk on a short pier. “Apple buys smaller technology companies from time to time, and we