Say you're the world's largest producer of desktop processors, you've got a ton of cash ($16.3 billion to be exact) burning a hole in your pocket, and you're watching the entire mobile industry grow into a monster before your very eyes with virtually no skin in the game. Sure, you've got MeeGo and Moorestown up your sleeve -- but considering that they're distant underdogs with no global domination strategy (or product, for that matter) in sight, it might be time to play some hardball, yeah? CFO Stacy Smith commented this week that the company is "looking at what [it believes] can accelerate [its] progress" in the smartphone game -- and, more broadly, the consumer electronics game -- and that it "can and will deploy capital" if it sees something it likes, just as it did with its Wind River Systems buy last year. Intel has had shockingly little relevance in the race to dominate the pocket ever since it offloaded XScale to Marvell a few years back; is it time for these guys to embrace ARM again, or can they find a way to put x86 cores in devices that people like?