McAfee buy moves Intel toward IBM model
August 20, 2010 // Dylan McGrath
Intel Corp.'s proposed $7.68 billion acquisition of security software vendor McAfee Inc. moves the No. 1 chip vendor further down a diversification path that could eventually see the company relying less on chip sales and more on software and consulting services, according to a Wall Street analyst.
"If Intel does pursue this business strategy, we could expect to see a host of other acquisitions that build scale for Intel's software and services division," Berger said.
Intel (Santa Clara, Calif.) said Thursday it entered into a definitive agreement to acquire McAfee for $48 per share in cash, a 60 percent premium over McAfee's closing price of $29.93 Wednesday. Both companies' board of directors unanimously approved the deal, Intel said.
Berger drew parallels between the proposed McAfee deal and Intel's 2009 acquisition of embedded software vendor Wind River Systems Inc. At the time, Berger and other analysts speculated that Intel would continue pursue added software exposure as a way to embed more value and IP into its chips.
Intel said it has made a series of recent software acquisitions "to pursue a deliberate strategy focused on leading companies in their industry delivering software that takes advantage of silicon." The company said it would integrate McAfee technology into its chips to enhance security. Providing security in an increasingly online world "requires a fundamentally new approach involving software, hardware and services," the company added.
"Hardware-enhanced security will lead to breakthroughs in effectively countering the increasingly sophisticated threats of today and tomorrow," said Rene James, Intel senior vice president and general manager of the company's Software and Services Group. "This acquisition is consistent with our software and services strategy to deliver an outstanding computing experience in fast-growing business areas, especially around the move to wireless mobility."All news
Trinamic's stepper motor package gets you started
August 22, 2014
This month, Trinamic Motion Control is offering you to win one of four TMCM-1043 development kits for its highly integrated, ...
Webinar: Printed circuit board test and in line automation
Apple, Samsung tablet sales decline
MCU market on a rebound, says analyst
Is free-space wireless charging viable? Dialog thinks itís worth a try
Schaeffler to boost electromobility by Formula E commitment
August 21, 2014
Mechatronics technology company Schaeffler AG highlights its ambition to be conceived in the automotive markets of the future: ...
Solid state battery advance removes 'range anxiety' fears
Volvo opens proving ground for next-gen car technology
Infineon closes technology gap through International Rectifier takeover
- Building Blocks for the Internet of Things
- New Linear Regulators Solve Old Problems
- Testing GPS with a Simulator
- DSM presents: Select the best plastic for DDR4
InterviewCEO interview: Tronics' Langlois makes moves in MEMS
Pascal Langlois has been CEO at Tronics for nine months. He discusses plans for the company and directions for the complex and diverse MEMS technology sector.
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Altium Ltd is offering EETimes Europe's readers the chance to win one TASKING VX-Toolset for ARM Cortex-M Premium Edition, normally licensed for 2.395 Euros, for ultra-rapid prototyping and code development around ARM Cortex-M based microcontrollers.
The VX-toolset for ARM is the first TASKING compiler suite to receive the Software Platform technology, which is seamlessly...Read more
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.