Get ready for more power in your pocket

It may take a while, but in a few years, it's likely that we'll have devices in our pockets that are so powerful that today's smartphones and computers will pale in comparison. At least that's the promise of the just- announced collaboration between Santa Clara, Calif.-based Intel (INTC) and the Finnish Nokia (NOK).

The news that the two companies will work together is a breakthrough for Intel, which dominates the market for chips used in computers. Intel has been trying to break into the cellphone market but has consistently failed because its chips required too much power. So the company focused instead on creating a market for pocket-sized products. Now, with Nokia agreeing to use its chips, it looks like a winning strategy.