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Intel Sheds McAfee
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
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 Smartwatch Boom Really A Bust?
April 7, 2016 by admin
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The bottom is dropping out of the smart watch industry as VC’s start to realise that the Apple dream is not making many people much dosh.
This week smartwatch maker Pebble CEO Eric Migicovsky blamed VCs for not giving him all the money he needs and laid off a quarter of its workforce.
Only a few years ago, Pebble was the darling of the crowdfunding crowd, having raised over $30 million on Kickstarter. This was when Apple was rumoured to be making one and the Tame Apple Press was claiming they were going to be the next big thing,
When Migicovsky confirmed the layoffs. He implied that VCs are now less keen on funding the dream.
Now Apple, which was said to be the market leader of smartwatches, has dropped the price of the Apple Watch by $50. It is probably not going to upgrade the next one with any serious bells and whistles. It looks like the only people who bought one were Apple’s hard core of fanboys who buy everything that Jobs’ Mob makes regardless of whether they need it.
The IDC sees wearable devices reaching 110 million by the end of 2016 which should be 38.2 percent growth. But it seems that this is not enough.
Fitbit was initially championed as an industry leader but this year saw its stock has been battered in 2016. It appears that Smartwatches haven’t set the market alight. Pebble’s rivals are Apple, Samsung, Motorola, LG and others. It also does not have any other businesses to fall back on.
Courtesy-Fud
Stagefright 2.0 Exploits Android Vulnerabilities
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Newly found vulnerabilities in the way Android handles media files can allow attackers to compromise devices by tricking users into visiting maliciously crafted Web pages.
The vulnerabilities can lead to remote code execution on almost all devices that run Android, starting with version 1.0 of the OS released in 2008 to the latest 5.1.1, researchers from mobile security firm Zimperium said in a report published Thursday.
The flaws are in the way Android processes the metadata of MP3 audio files and MP4 video files, and they can be exploited when the Android system or another app that relies on Android’s media libraries previews such files.
The Zimperium researchers found similar multimedia processing flaws earlier this year in an Android library called Stagefright that could have been exploited by simply sending Android devices a maliciously crafted MMS message.
Those flaws triggered a coordinated patching effort from device manufacturers that Android’s lead security engineer, Adrian Ludwig, called the “single largest unified software update in the world.” It also contributed to Google, Samsung and LG committing to monthly security updates going forward.
One of the flaws newly discovered by Zimperium is located in a core Android library called libutils and affects almost all devices running Android versions older than 5.0 (Lollipop). The vulnerability can also be exploited in Android Lollipop (5.0 – 5.1.1) by combining it with another bug found in the Stagefright library.
The Zimperium researchers refer to the new attack as Stagefright 2.0 and believe that it affects more than 1 billion devices.
Since the previous attack vector of MMS was closed in newer versions of Google Hangouts and other messaging apps after the previous Stagefright flaws were found, the most straight-forward exploitation method for the latest vulnerabilities is through Web browsers, the Zimperium researchers said.
Zimperium reported the flaws to Google on Aug. 15 and plans to release proof-of-concept exploit code once a fix is released.
That fix will come on Oct. 5 as part of the new scheduled monthly Android security update, a Google representative said.
Source-http://www.thegurureview.net/mobile-category/stagefright-2-0-exploits-android-vulnerabilities.html
U.S. LTE Speeds Drop
October 5, 2015 by admin
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The U.S. has dropped to No. 55 in LTE performance as speeds rise rapidly in countries that have lept ahead some early adopters of the popular cellular system.
The average download speed on U.S. 4G networks inched up to 10Mbps (bits per second) in the June-August quarter, according to research company OpenSignal. That was an improvement from 9Mbps in the previous quarter, but the country’s global ranking fell from 43rd as users in other countries made much larger gains.
The U.S. was one of the first countries with commercial LTE service when Verizon Wireless launched its network in late 2010. But other countries that adopted the system later started with better technology, and some have secured more frequencies or rolled out enhancements that U.S. carriers haven’t embraced as much, OpenSignal said.
New Zealand scored the highest average speed in the quarter with 36Mbps, coming up from nowhere in the rankings. But perennial standouts like South Korea and Singapore kept getting faster, too. The average LTE speed in Korea is now 29Mbps (up by 4Mbps), and in Singapore it’s 33Mbps, up by 5Mbps.
OpenSignal collects data on cellular performance through a free app that mobile subscribers can use to measure the speed they’re getting and find faster networks. The results announced Wednesday are based on readings from more than 300,000 users worldwide, the company said.
Countries like Hungary, the Dominican Republic and Morocco beat the U.S. in average LTE speed, but they aren’t necessarily smartphone paradises. Mobile users in America can use LTE more of the time, for example, because their carrier’s networks are built out. Subscribers in the U.S. are on LTE 78 percent of the time, on average, making the country No. 10 for what OpenSignal calls “time coverage.” Moroccan LTE may be fast, but 49 percent of the time, users there don’t get it, for example.
Source-http://www.thegurureview.net/mobile-category/u-s-falls-to-55th-place-worldwide-for-lte-speeds.html
Yahoo Unveils Livetext Mobile Messaging App
August 11, 2015 by admin
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Yahoo unveiled a mobile messaging app that combines texting with live one-on-one video.
The app, named Livetext, is video calling with a twist: there’s no audio. To communicate, users type texts and emojis that are overlaid onto the screen during the call.
The app’s format might sound restricting, but Yahoo says Livetext will help users to communicate more freely. The lack of audio, the company says, removes inhibitions that people might feel when they otherwise receive video calls in public.
“We wanted to bridge the gap between the simplicity and ease of texting, with the live feeling of calling,” said Adam Cahan, senior vice president of video, design and emerging products at Yahoo, during the app’s unveiling at an event in New York on Wednesday that was webcast.
Livetext was developed from scratch at Yahoo. Its development was aided by Yahoo’s acquisition last year of mobile messaging app MessageMe, the company said Wednesday. It’s yet another messaging app in a sea of competitors like Snapchat, WhatsApp and Facebook Messenger.
Still, Livetext is the latest attempt by Yahoo to provide a messaging app that resonates with users. It became available to download for free on Thursday for iOS and Android, in the U.S., U.K, Canada, Ireland, Germany, France, Hong Kong and Taiwan. Users will be able to text in English, French, German and Chinese using the app.
The app streams video only when two people are connected through the app at the same time. Users can search for friends in the app through their Livetext user name, or through the contacts list on their phone.
There is no time limit on calls placed through the app, and no way to save or archive the sessions. The video quality will depend on the strength of the data connection, although connections at 3G and above should suffice, Yahoo said.
It’s available on Android and the desktop, but not on iOS.
FCC To Tighten Rules On Robocalls
June 9, 2015 by admin
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The top U.S. telecommunications regulator wants to make it more difficult for telemarketers and other businesses to robocall and text messages consumers under changes to autodialing rules being proposed.
The Federal Communications Commission plans to vote on June 18 on the proposal, which would give legal cover to telephone companies to offer consumers technologies that would block robocalls, regardless of where they originate.
“The FCC wants to make it clear: Telephone companies can – and in fact should – offer consumers robocall-blocking tools,” FCC Chairman Tom Wheeler said in a blog post.
The wireless carriers have worried that blocking automated calls could be construed as violations of the law that requires them to ensure that all calls placed over their networks reach their intended recipients.
The proposal would also reassert that consumers have to agree to receive automated calls and texts and clarify that they can revoke their consent in any “reasonable” way, including a simple request for calls to stop, without the need to file convoluted paperwork.
Robocalls and robotexts are by far the most common cause of consumer complaints at the FCC, topping 215,000 in the last year alone. Consumer advocates and the majority of U.S. states attorneys general had pressed the FCC to clarify the robocall rules.
Numerous business associations, including the U.S. Chamber of Commerce, have also pushed for clarifications, facing a growing number of lawsuits prompted by violations such as calling cellphone users whose numbers used to belong to someone else.
The FCC’s proposal would reassert that companies should try to avoid numbers reassigned to consumers who have not agreed to receive their calls. If they do not know that a number has been reassigned, they are allowed one call to find out.
The business community had also complained that some lawsuits unfairly target them for using dialing technologies that could be modified to become autodialers. FCC officials said any technology with the capacity to dial random or sequential numbers qualifies as an autodialer, even if it would require modification.
U.S. law prohibits telemarketing calls to both landline and cellphones of consumers who have not given written consent.
Text To 911 Has Low Adoption Rate
May 19, 2015 by admin
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Only 5% of the nation’s 6,500 emergency dispatch centers are capable of receiving and responding to emergency text-to-911 messages.
That’s not good enough for more than 41,000 signers of a Change.org petition. They want Congress to pass legislation requiring emergency centers to update their systems to accommodate texting.
Text-to-911 would have provided much-needed help for Lisbeth (not her real name), a mother of two who said she was repeatedly battered by her boyfriend in her home over several years. One day three years ago, when he was yelling at her, she tried to call 911 on her cell phone for help, but he broke down the door where she was hiding and demanded to know whom she was calling.
“I was trying to whisper, but he got in and punched me and asked me who I was talking to,” Lisbeth said in an interview. That time, a neighbor overheard the fight and called 911 to bring police to the scene.
“911 works, but I wish it worked with text,” she added. “If they had it back then, it might have made a difference.” Lisbeth later moved into a shelter for abused women in California’s San Fernando Valley and said her life has improved for herself and her children. “Anybody who is going through the same situation as I was should ask for help,” she said.
The Federal Communications Commission last yea rrequired U.S. carriers and makers of some texting apps to provide emergency texting with their services, but the FCC doesn’t regulate the nation’s emergency dispatch centers. Instead, the centers are regulated locally by 3,200 different states, counties and cities, even though many of those jurisdictions receive federal funds for the dispatch centers.
FCC Commissioner Ajit Pai last August expressed concerns that FCC mandates for carriers might give the public a false impression that they can send texts to emergency responders when so few are prepared to receive texts.
Intel’s Security Exec Jumps Ship
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.
McAfee’s Biometric Software Coming Soon
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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.