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Intel Sheds McAfee

September 14, 2016 by  
Filed under Security

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Intel has sold the Intel Security business for $3.5bn less than it paid for it six years ago.

Intel Security, previously and better known as McAfee, has been sold to private equity firm TPG for $4.2bn, despite Intel paying $7.7bn for it in 2010.

The chip firm will receive $3.1bn in cash as part of the transaction and retain a 49 per cent minority stake. TPG will take control with a 51 per cent stake, and will invest $1.1bn in the company.

Intel Security is based on the McAfee business and was renamed two years ago. The company will revert to the better known McAfee brand, despite John McAfee reportedly suing Intel over the use of his name.

The transaction is expected to close in the second quarter of 2017, and Chris Young, general manager of Intel Security Group, will become CEO of McAfee.

Young described TPG in an open letter to stakeholders as a “seasoned technology investor” that was “attracted to our current momentum and long-term potential”.

He claimed that McAfee currently protects “more than a quarter of a billion endpoints” and more than 200 million consumers, and is present in two thirds of the world’s 2,000 largest companies.

Intel CEO Brian Krzanich claimed that, despite the sale, security “remains important in everything we do at Intel”.

“We will continue to integrate industry-leading security and privacy capabilities in our products from the cloud to billions of smart, connected computing devices,” he added.

Bryan Taylor, a partner at TPG, said that the company had “long identified the cyber security sector, which has experienced strong growth due to the increasing volume and severity of cyber attacks, as one of the most important areas in technology”.

Intel’s acquisition of McAfee Security in 2010 was intended to enable the company to beef up security around PCs and sell McAfee antivirus and other security software around its core business.

However, the combination never worked as the money to be made in the security business became increasingly focused on the data center and cloud computing.

Courtesy-TheInq

Is Intel Going To Dump McAfee

July 8, 2016 by  
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Intel has run out of ideas about what it is going to do with it its security business and is apparently planning to flog it off.

Five years ago Intel bought McAfee for $7.7bn acquisition. Two years ago it re-branded it as Intel Security. There was talk about chip based security and how important this would be as the world moved to the Internet of Things.

Now the company has discussed the future of Intel Security with bankers, including potentially the outfit. The semiconductor company has been shifting its focus to higher-growth areas, such as chips for data center machines and Internet-connected devices, as the personal-computer market has declined.

The security sector has seen a lot of interest from private equity buyers. Symantec said earlier this month it was acquiring Web security provider Blue Coat for $4.65 billion in cash, in a deal that will see Silver Lake, an investor in Symantec, enhancing its investment in the merged company, and Bain Capital, majority shareholder in Blue Coat, reinvesting $750 million in the business through convertible notes.

However Intel’s move into the Internet of Things does make it difficult for it to exit the security business completely. In fact some analysts think it will only sell of part of the business and keep some key bits for itself.

Courtesy-Fud

Is The Dollar Hurting PC Sales?

January 25, 2016 by  
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Worldwide PC  shipments dropped 8.3 percent in the fourth quarter  which was the worst sales have been since  2008,, beancounters at Gartner Group said.

PC manufacturers shipped 75.7 million machines in the fourth quarter compared with about 82.6 million a year earlier. Sales sank 3.1 per cent in the US to 16.9 million in the quarter.

Gartner forecasts a fall of  a  percent in 2016 with the potential of a soft recovery later in the year.

Mikako Kitagawa, an analyst at Gartner said that the  fourth quarter of 2015 marked the fifth consecutive quarter of worldwide PC shipment decline. Holiday sales did not boost the overall PC shipments, hinting at changes to consumers’ PC purchase behavior.

Lenovo retained its leadership of the PC market with 20 percent of the global market in the fourth quarter. Its shipments dropped 4.2 percent. HP was the  No. 2 global PC maker, increased its market share slightly to almost 19 percent. The company maintained its top position in the U.S., with 27 percent of the market, despite a decline of 8.4 percent in fourth-quarter shipments. Del increased its global market share to 13.5 percent from 13.1 percent and ranked third.

IDC released similar figures saying that it was all the fault of the strong US dollar hampered overseas sales. It thinks that the decline in PC sales may slow in 2016, with IDC projecting a fall of 3.1 percent compared with 10 percent drop in 2015. Greater commercial adoption of Microsoft Windows 10 operating system may help stabilize sales.

Courtesy-Fud

Intel’s Security Exec Jumps Ship

December 18, 2014 by  
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Michael Fey has left Intel Security Group to become chief operating officer at Blue Coat. Blue Coat is apparently not the traditional garb of a British Holiday Camp entertainer, but apparently a privately owned network security company.

Fey was one of the few top McAfee managers to stay with the company after it was bought by Intel in 2011. McAfee is now part of Intel Security Group, where Fey had been chief technology officer. Fey said that his role at Blue Coat would be “very similar” to his old job but he was allowed to focus on the cloud and the advanced threats space more.

“Blue Coat had tremendous growth behind the scenes and now I get to focus on taking that growth and trying to get it to the billion-dollar revenue mark,” he told Reuters.

Since the $7.7 billion acquisition by Intel, McAfee has lost senior managers and key talent in technology development, research and sales. At Blue Coat, Fey will replace David Murphy, who will stay on as a strategic adviser to the board.

Source

McAfee’s Biometric Software Coming Soon

December 9, 2014 by  
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A McAfee security product that will use biometric technology to authenticate users will be available for download by the end of the year, said Kirk Skaugen, senior vice president and general manager of the PC Client Group at Intel, last week.

“Your biometrics basically eliminate the need for you to enter passwords for Windows log in and eventually all your websites ever again,” Skaugen said.

Further product details were not immediately available. But one of the major inconveniences in using PCs and tablets is remembering passwords, which biometrics can tame.

An average user has about 18 passwords and biometric authentication will make PCs easier to use, Skaugen said.

Biometric authentication isn’t new. It’s being used in Apple Pay, where fingerprint authentication helps authorize credit card payments through the iPhone or iPad. Intel has been working on multiple forms of biometric authentication through fingerprint, gesture, face and voice recognition.

McAfee is owned by Intel, and the chip maker is building smartphone, tablet and PC technology that takes advantage of the security software. Intel has also worked on biometric technology for wearable devices like SMS Audio’s BioSport In-Ear Headphones, which can measure a person’s heart rate.

Intel also wants to make PCs and tablets easier to use through wireless charging, display, docking and data transfers. Such capabilities would eliminate the need to carry power brick and cables for displays and data transfers. Such capabilities will start appearing in laptops next year with sixth-generation Core chips code-named Skylake, which will be released in the second half.

Source

AMD Outs Phenom II X4 980

May 5, 2011 by  
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AMD just let the world see the glory of its processor prowess with the introduction of its fastest quad-core processor; which is called the Phenom II X4 980 Black Edition.

The chip is said to run at a lightning fast 3.7GHz.  The processor is also features a 6MB of L3 cache and a 125W TDP. Like previous Black Edition processors, the new Phenom is unlocked, which will also those techies to freely overclock the Phenom over 4GHz with no issues.

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Intel’s 22nm MIC To Debut Soon

April 18, 2011 by  
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Word on the street is that Intel may debut their first Many Integrated Core (MIC) using its upcoming 22nm process technology and expects to have more than 100 developer sites for MIC by the end of 2011.

Intel’s MIC micro-architecture is expected to be used for highly parallel applications in the high end computing arena such as scientific exploration and research and weather modelling.  Just like its competitors such as AMD’s FireStream or Nvidia’s Tesla, Intel is not fond of MIC replacing processors.

During his keynote at the Intel Developer Forum (IDF) Intel’s Kirk Skaugen, VP of Architecture and GM said that compatibility with x86 will give MIC certain advantages.  Kirk also went on to say that MIC would act like a co-processor where you can use the same compilers, the same tools, and the same VTunesthat power.

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