After Intel (NASDAQ:INTC) closed its $7.7 billion acquisition of McAfee on Monday, the Internet security company just missed its 52-week high by a penny.
In its final day McAfee closed at $47.95, after reaching as high as $47.99.
The companies said in a statement, "McAfee will continue developing and selling security products and services under its own brand. Intel and McAfee plan to bring the first fruits of their strategic partnership to market later this year, with the intent of tackling security and the pervasive nature of computing threats in an entirely new way."
Intel and McAfee added that they "believe today’s approach to security does not adequately address the billions of new Internet-ready devices, including PCs, mobile and wireless devices, TVs, cars, medical devices and ATM machines. With the surge in cyber threats, providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services. Together the two companies will work to help people more securely take full advantage of the potential of computing and connectivity."
McAfee is now a wholly-owned subsidiary of Intel, which was trading at $21.47, the same as Monday's close, as of 2:23 PM EST.
Showing posts with label Mcafee. Show all posts
Showing posts with label Mcafee. Show all posts
Tuesday, March 1, 2011
Thursday, January 27, 2011
Intel (NASDAQ:INTC) Cleared by Europe for McAfee
The European Union cleared Intel (NASDAQ:INTC) to acquire Internet security company McAfee for $7.68 billion. They have already been approved in the U.S.
Concerns over competitiveness have been weighing on the deal, and to allow it to go forward in the EU, Intel agreed to allow the software to be functional with software from other computer security companies.
Joaquin Almunia, the EU's competition commissioner, said in a statement, "The commitments submitted by Intel strike the right balance, as they allow preserving both competition and the beneficial effects of the merger. These changes will ensure that vigorous competition is maintained and that consumers get the best result in terms of price, choice and quality of the IT security products."
Intel was trading at $21.78, up $0.03, or 0.14 percent, as of 12:09 PM EST.
Concerns over competitiveness have been weighing on the deal, and to allow it to go forward in the EU, Intel agreed to allow the software to be functional with software from other computer security companies.
Joaquin Almunia, the EU's competition commissioner, said in a statement, "The commitments submitted by Intel strike the right balance, as they allow preserving both competition and the beneficial effects of the merger. These changes will ensure that vigorous competition is maintained and that consumers get the best result in terms of price, choice and quality of the IT security products."
Intel was trading at $21.78, up $0.03, or 0.14 percent, as of 12:09 PM EST.
Thursday, January 20, 2011
Intel's (Nasdaq:INTC) Concessions Should Win it McAfee
After throwing some more concession bones to the EU regulatory dogs, Intel (Nasdaq:INTC) is now expected to have their $7.68 billion bid for McAfee approved there.
The U.S. Federal Trade Commission had already given the go ahead for the deal in December.
what helped Intel turn the corner in Europe was their agreement to allow products from competitors to function without restrictions on Intel products, a major concern of the EU.
Concerns were Intel could embed part of McAfee's virus-fighting technology into their chips, giving them an unfair advantage over competitors.
This was in relationship to chips used in personal computers.
Intel was trading at $20.83, down $0.18, or 0.83 percent, as of 2:25 PM EST.
The U.S. Federal Trade Commission had already given the go ahead for the deal in December.
what helped Intel turn the corner in Europe was their agreement to allow products from competitors to function without restrictions on Intel products, a major concern of the EU.
Concerns were Intel could embed part of McAfee's virus-fighting technology into their chips, giving them an unfair advantage over competitors.
This was in relationship to chips used in personal computers.
Intel was trading at $20.83, down $0.18, or 0.83 percent, as of 2:25 PM EST.
Wednesday, January 12, 2011
Intel (NASDAQ:INTC) May Benefit from Tablet Market
Intel (NASDAQ:INTC) could benefit more than expected from the surge in tablet sales, based on the strength in data center products, says Auriga.
They noted, "For OEMs to generate meaningful tablet unit sales, the devices will have to be inexpensive, meaning the hardware will be underpowered. The actual computing power will therefore likely live in the cloud -- INTC should benefit by virtue of its strong data center products."
Intel has a conference on January 13, and questions about Intel's exposure to tablets is one of the major questions shareholders and investors are looking to have answered.
Other issues are more information needed on the Infineon (NYSE:IFX) wireless and McAfee (NYSE:MFE) acquisitions, and the cross-license deal with NVidia (NASDAQ:NVDA).
Auriga maintains a "Buy" rating on Intel, which was trading at $21.23, up $0.18, or 0.86 percent, as of 11:58 AM EST.
They noted, "For OEMs to generate meaningful tablet unit sales, the devices will have to be inexpensive, meaning the hardware will be underpowered. The actual computing power will therefore likely live in the cloud -- INTC should benefit by virtue of its strong data center products."
Intel has a conference on January 13, and questions about Intel's exposure to tablets is one of the major questions shareholders and investors are looking to have answered.
Other issues are more information needed on the Infineon (NYSE:IFX) wireless and McAfee (NYSE:MFE) acquisitions, and the cross-license deal with NVidia (NASDAQ:NVDA).
Auriga maintains a "Buy" rating on Intel, which was trading at $21.23, up $0.18, or 0.86 percent, as of 11:58 AM EST.
Tuesday, December 21, 2010
Intel (Nasdaq:INTC) Receives US Approval for McAfee (NYSE:MFE) Deal
Intel Corp. (Nasdaq:INTC) has received approval from the U.S. Federal Trade Commission to go forward with its acquisition of McAfee Inc. (NYSE:MFE).
Now Intel awaits a decision from the European Commission, which, as usual, appears to be holding up another business deal.
The antitrust regulator for the European Union has said behind the scenes that they're concerned over the deal, which implies a lengthy process before giving their approval, assuming they do.
Intel made an offer of $7.68 billion for McAfee Inc., citing the desire to diversify the products of the company and build better security into their chips.
McAfee was trading at $46.38, up $0.33, or 0.71 percent, as of 2:12 PM EST. Intel was trading at $21.19, down $0.03, or 0.16 percent.
Now Intel awaits a decision from the European Commission, which, as usual, appears to be holding up another business deal.
The antitrust regulator for the European Union has said behind the scenes that they're concerned over the deal, which implies a lengthy process before giving their approval, assuming they do.
Intel made an offer of $7.68 billion for McAfee Inc., citing the desire to diversify the products of the company and build better security into their chips.
McAfee was trading at $46.38, up $0.33, or 0.71 percent, as of 2:12 PM EST. Intel was trading at $21.19, down $0.03, or 0.16 percent.
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