Quote from schizo:
Somebody help me connect the damn dots here. Intel makes semiconductor, McAfee makes antivirus apps. One is a hardware manufacturer, the other software. How is this seen as positive for either company? Obviously the morons that ran the MFE stock higher thought so. This is like a refrigerator company getting into ice cream business because, well, you can store ice cream in the freezer.
I s'pose AMD will now acquire Norton!
Agree
I am still trying to understand what INTC will do with this company and how it can possibly grow intels bottom line. This is Intels biggest purchase in its company history and they go out and buy a security software company.
Mcafee stock has underperformed the overall market, stock was down about 25% since the beginning of 2010 and hasn't seen $47.00 a share since 1999.
Think INTC payed a little too much for MFE?
I do.