Intel acquires McAfee for $7.68 billion: reaction roundup

By Richi Jennings. August 19, 2010.

Whoa. Intel's buying McAfee for $7.68 billion in cash. Who saw that coming? In IT Blogwatch, bloggers react as only bloggers can.

Your humble blogwatcher curated these bloggy bits for your entertainment. Not to mention The Majestic Plastic Bag...

(INTC) (MFE)

Jeremy Kirk gets down to business:

Both boards of directors have approved the deal ... McAfee is expected to become a subsidiary within Intel's Software and Services Group. ... The deal is expected to close after McAfee shareholder approval and regulatory clearance.

...

Intel said that the current approach to security does not address the full range of Internet-connected devices, including TVs, cars, medical devices and ATM machines ... to counter increasingly sophisticated threats.
M0RE

So Stan Schroeder says:

It’s a huge deal for Intel ... to acquire a security-oriented software company, especially one as big. ... The fact that McAfee has experienced fantastic growth [recently] ... probably spurred Intel to go through with the deal.

...

There’s no doubt about it: Intel is now one of the market leaders.
M0RE

McAfee CEO Dave DeWalt 'blogs' the "incredibly exciting ... big news":

Intel’s agreement to acquire McAfee underscores ... what we at McAfee have been saying for some time: security is a fundamental component of modern computing and it is increasingly relevant in a completely connected world. ... The number of connected devices is expected to grow from 1 billion to 50 billion by 2020 ... reshaping communication, collaboration and commerce opportunities.

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At the same time, cybercriminals and cyberterrorists are ... [putting] users at risk and the future of the Internet as we know it in question. ... By bringing McAfee’s security DNA to Intel, we can offer better solutions and products. ... By next year, we will introduce new security offerings as a result.
M0RE

But Lawrence Latif LOLs:

It's questionable whether insecurity vendors such as McAfee do 'make the Internet safer'. Just about every vendor reports that the Internet is becoming increasingly insecure. ... It seems Intel wants to use this acquisition to look at ways to incorporate security software in mobile devices, perhaps using its Moorestown hardware.

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If you are somewhat surprised at Intel's sudden interest in an insecurity vendor, you're not alone. ... It is likely that Intel will look to optimise McAfee's software to run on its processors, perhaps even providing hardware security features.

...

One wonders if Intel's archrival AMD can meet this challenge.
M0RE

$7.68 B: is that a lot? John Paczkowski has context:

The acquisition is Intel’s largest ever, easily surpassing its 1999 takeover of Level One for $2.2 billion. ... And just like that Intel is a player in the security software and services market.
M0RE

But Mike Magee seems more interested in McAfee's other announcement:

Meanwhile, in a somewhat surreal press release, McAfee named Cameron Diaz as the most dangerous celebrity on the web.
M0RE
 

And Finally...

The Majestic Plastic Bag - A Mockumentary

[hat tip: Xeni Jardin]

    
 
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Richi Jennings, your humble blogwatcher
  Richi Jennings is an independent analyst/consultant, specializing in blogging, email, and security. A cross-functional IT geek since 1985, you can follow him as @richi on Twitter, pretend to be richij's friend on Facebook, or just use good old email: itbw@richij.com.

You can also read Richi's full profile and disclosure of his industry affiliations.

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