It is not widely known that the original idea for the company name was Moore Noyce company but it was quickly evident that the name sounded too much like More Noise and the connotation is not exactly the sort of nickname they wanted if they ever intended to sell components that improve the signal-to-noise ratio of ICs. The founders quickly renamed it to NM Electronics (NM = Noyce Moore) which stood for the first year of existence while the founders searched for a better name. Eventually, the company settled on Intel, short for integrated electronics. Alas, Murphys law chimed in. A similar name, Intelco, was already in existence and it was decided to purchase the rights to the name to avoid future issues.