August 19, 2010 |
Intel Corp. is buying computer security software maker McAfee Inc. for $7.68 billion in a move that "reflects that security is now a fundamental component of online computing," the Santa Clara-based chip maker said Thursday. The $48-per-share price is a 60% premium over McAfee's $29.93 close on Wednesday. The company, also based in Santa Clara, has seen steady growth and will report to Intel's Software and Services Group. Intel shares slid 3.4% to $18.92, but McAfee shares boomed nearly 58% to $47.21 in morning trading.
August 5, 2010 |
Giant computer chip maker Intel Corp. agreed to accept broad new restrictions on the way it does business to settle federal charges that it abused its dominant market position to stifle competition over the last decade. Wednesday's agreement with the Federal Trade Commission could alter the course of the global semiconductor industry, as well as strengthen the hand of the FTC as it looks at other antitrust allegations in the technology sector, including those involving such leading players as Google Inc. and Apple Inc. "I think it signals the FTC is trying to crack down on anticompetitive behavior in this industry," said George H. Pike, an assistant professor at the University of Pittsburgh School of Law who teaches intellectual property and writes about information technology issues and the law. Intel's agreement, which would be made final after a 30-day period of public comment, would prohibit the Santa Clara firm from using certain rewards, threats and other tactics that regulators say induced computer makers Dell Inc., Hewlett-Packard Co. and others to buy exclusively from Intel.
August 3, 2010 |
Intel Corp., the world's largest computer chip maker, has agreed to settle its antitrust case with the Federal Trade Commission, the agency said Tuesday. The FTC issued a statement announcing that details of the settlement would be disclosed Wednesday at a news conference. The FTC had sued in December, accusing Santa Clara, Calif.-based Intel of illegally using its dominance for a decade to block customers from buying competitors' products. The agency said Intel forced computer makers into exclusive deals and blocked rivals from making their chips work with Intel's.
July 13, 2010 |
Intel Corp. on Tuesday said it swung to a second-quarter profit as sales jumped 34%, blowing past Wall Street's estimates thanks to a continued rebound in the market for personal computers and big computer servers. "Strong demand from corporate customers for our most advanced microprocessors helped Intel achieve the best quarter in the company's 42-year history," Chief Executive Paul Otellini said in a statement. The Santa Clara, Calif, chip maker's results suggest a broader tech rebound will continue in the second half of this year.
June 23, 2010 |
Intel Corp. and the Federal Trade Commission are in talks to settle an antitrust lawsuit in which the Santa Clara, Calif., company has been accused of strong-arming clients into buying its computer chips. According to a statement from Intel, the company has until July 22 to "review and discuss a proposed" settlement. Intel said it could not comment because the terms of the proposed consent order were confidential. If the two parties do not reach an agreement by that date, the case could go before an administrative law judge in September.
June 11, 2010 |
The word "emotionality" is not often associated with science, but it emerges front and center in the winning documentary "Whiz Kids," which follows three high school students as they prepare to compete in the prestigious Intel Talent Science Search, grand prize: $100,000 in college funds. Tom Shepard and co-director Tina DiFeliciantonio take a warmly personal approach to their featured trio, wisely focusing more on these ambitious youngsters' dreams, goals and family bonds than on the minutiae of their sophisticated science projects.
May 18, 2010 |
Google Inc. will make an ambitious bid to extend its reach into the living room when it debuts its Internet television software this week. Through a joint initiative with other prominent technology and consumer electronics companies, the Web search giant is expected to showcase technology that TV viewers can use to flip seamlessly among familiar shows, YouTube videos and home videos on their sets. Called Smart TV, the software is expected to be built into Internet-connected TVs, Blu-ray players and set-top boxes.
CALIFORNIA | LOCAL
May 6, 2010 |
Reporting from Los Angeles In certain well-connected circles, Max Palevsky was known as the billionaire patron of Los Angeles' first black mayor, Tom Bradley. But his portfolio resembled a conglomerate's. A baron of the early computer industry, he helped found the world's largest chipmaker, Intel. He came up with the cash to save a fledgling magazine called Rolling Stone and bankrolled movies. And he used his immense wealth to build notable art collections that turned the Los Angeles County Museum of Art into a destination for lovers of the Arts and Crafts movement.
April 15, 2010 |
Two of America's corporate giants, Intel Corp. and JPMorgan Chase & Co., reported unexpectedly strong financial results this week, reinforcing Wall Street's optimism that basic business operations are improving. The quarterly earnings reports from one of the nation's four major banking and investment operations and a technology industry bellwether helped push the major national indexes ever higher on their long march up from the depths of the recession last year.
April 14, 2010 |
Intel Corp. forecast second-quarter sales that topped analysts' predictions, indicating that demand for personal computers remains strong. Sales will be $10.2 billion, plus or minus $400 million, the company said Tuesday in its quarterly earnings statement. Analysts in a Bloomberg survey had estimated $9.72 billion on average. The forecast follows record first-quarter sales, fueled by consumers ordering laptops. Demand is expected to increase further in the second half as more businesses upgrade their computer networks -- something they were slow to do during the recession.