Intel in $7.68bn McAfee takeover

[G4PYR]

The world's biggest computer chip maker, Intel, has agreed to buy the security technology firm, McAfee.
Intel will pay about $7.68bn (£5bn) in cash.
Under the terms of the deal, Intel said it would pay $48 per share in cash for McAfee, almost 60% higher than its closing price on Wednesday.
Intel said the deal, which is intended to increase its security services, would slightly reduce net earnings in the first year.
The president and chief executive of Intel, Paul Otellini, said in the past, energy efficiency and connectivity had defined computing requirements, but security was becoming as important.
Mr Otellini said security would become a "third pillar" that people demanded.



BBC News - Intel in $7.68bn McAfee takeover

Robert
Peterborough England

 

[whs]

There is one way to waste the money.

 

[G1LLY]

There is one way to waste the money.

LOL!

So true.

 

[Win7User512]

Intel to Acquire McAfee

Not just chips anymore.

SAN FRANCISCO — Intel, the chip maker, has turned into Intel, the security specialist.

The entrance to Intel’s campus in Hillsboro, Ore. Intel’s move to buy McAfee is its biggest effort to date to expand beyond its core chip-making business.


Making one of most eye-catching moves in its 42-year history, Intel announced Thursday that it planned to acquire McAfee for $7.68 billion in cash.
Under the terms of the deal, Intel will pay $48 a share in cash, a 60 percent premium over McAfee’s Wednesday closing stock price of $29.93.

$7.68 Billion...

 

[Petey7]

Heres hoping they either fix it, or do away with McAfee for good.

 

[Bill2]

Might have something to do with those embedded-security processors.

 

[Dinesh]

 

[Dinesh]

I hope Intel techs make McAfee a good product.

 

[Elwoodch]

There is one way to waste the money.

no true, my wife knows many....

 

[whs]

There is one way to waste the money.

no true, my wife knows many....

Yeah, especially shoes. She keeps adding to the 400 pairs and I soon need to build an addition to the house for storage.

 

[Layback Bear]

It's going to take a major overhaul to get McAffe back to a working security company. Even longer to gain peoples trust back.

 

[Wishmaster]

 

[Fantail]

It's been years since I ran a McAfee A/V. I'm thinking w2k.

 

[Borg 386]

Either Intel will make it a better product, or their reputation will be shot.

Based on my experiences with McFail, it couldn't get any worse (well, lets hope not)

Interesting thought though...Intel already has embedded instruction sets for some software/games/etc., so down the road they may have them for McAfee. More people may lean towards that AV if that's the case & they manage to clean it up.

 

[Capt.Jack Sparrow]

Holy cow

 

[Win7User512]

They will have an interest in Cameron Diaz...

McAfee's Most Dangerous Internet Celeb

 

[Thorsen]

Man. she also made one of my Intel CPU's overheat and my hard-drive. I don't know what Intel is planning for this Triple Threat..... but I am sure they have something on the table. Cameron better call Lucy Liu and Drew Barrymore.

 

[whs]

In order to be fair, I have to say that the McAfee site advisor and their scanner are pretty good - in contrast to their AV suite.

 

[Dinesh]

They will have an interest in Cameron Diaz...

McAfee's Most Dangerous Internet Celeb

Saw that one FB earlier today.

 

[merkat106]

Here's to the end of the McAfee we all know and love to hate. I would be certainly interested if Intel rewrites McAfee and improves its effectiveness.