Highlight news for Intel’s McAfee acquisition
Highlight news and summary news for today about Intel‘s McAfee acquisition
Intel’s McAfee acquisition a mobile play
Intel’s acquisition of security company McAfee could help the chip maker make a splash in the handheld and embedded markets, in which the company has struggled to establish a presence, according to analysts.
Intel on Thursday announced plans to acquire McAfee for US$7.68 billion, saying this will help the chip maker blend advanced hardware and software security to protect devices from internal and external threats. Hardware and software changes will improve both Intel and McAfee products, and lead to improved security for products ranging from servers to mobile devices, Intel said.
“The bottom line is this will better protect Internet users and their devices,” said Intel CEO Paul Otellini, during a conference call to discuss the acquisition.
Read more at Businessweek
Intel, After McAfee Deal, May Find Mobile Security a Hard Sell
Intel Corp. Chief Executive Officer Paul Otellini, with the $7.68 billion acquisition of security software maker McAfee Inc., is betting that customers will pay to guard against attacks that have yet to materialize.
Otellini yesterday announced his company’s largest-ever takeover, aimed at adding McAfee’s security software to products sold by Intel, the world’s largest maker of chips for computers.
McAfee would help Intel get semiconductors laden with security features into smartphones, cars, televisions and other devices. Yet that may prove a hard sell for consumers and businesses unconvinced that mobile electronics are vulnerable to the same threats that plague computers, said Alex Vallecillo, a fund manager at PNC Capital Advisors LLC.
“The premise is there’s a market for mobile security,” said Vallecillo, whose firm sold its Intel shares earlier this year. “So far, I haven’t heard about massive virus attacks hitting smartphones or iPads.”
Read more at Bloomberg.com
McAfee has what Intel wants: a rising stock
Intel /quotes/comstock/15*!intc/quotes/nls/intc (INTC 18.90, -0.69, -3.52%) surprised Wall Street by announcing early Thursday that it was bidding $7.68 billion in cash, or $48 a share, to buy security software maker McAfee.
Some Wall Street analysts might quibble about the 60% premium Intel is paying, as the bid lifted McAfee’s /quotes/comstock/13*!mfe/quotes/nls/mfe (MFE 47.01, +17.08, +57.07%) stock. But perhaps what investors should be most encouraged about is that Intel didn’t just pick a company that had a good product in what it believes is a growing business. Intel bought a company that has something the chip maker doesn’t have — a stock that’s been trending sharply higher for the last 10 years.
Read more at marketwatch.com
