Another day, another deal. Intel has agreed to buy security software firm McAfee for $7.68 billion (Wall Street Journal). That’s $48 per share, or a 60% premium to Wednesday’s closing price. Nice pop!
This is a pretty interesting move for Intel, as the chipmaker moves into the big security software market, taking on other giants such as Symantec.
Some more news:
- Dick’s Sporting Goods (DKS) reported earnings jumped 32% (Wall Street Journal).People need more tube socks.
- Williams Sonoma posted strong earnings and raised outlook (ABC News). Pots and pans are back?
- Germany’s economy is growing strongly, expected to hit 3% growth this year (BBC).Get me a Porsche.
- The dark side of Mark Hurd’s management style (MarketWatch). Rumored to have locked employees in a room to make them watch bad B movies.
- RIM is looking to get into mobile advertising (Wall Street Journal). Kinda late guys, no?
- Facebook launches “Places” (TechCrunch). It’s now gonna tell people where you are.
- The tragic death of everything (Technologizer).
- 378 million shareholders voted against Michael Dell (CNNMoney.com).
- Man killed by exploding mobile phone (Daily Telegraph). Really! The brand was Nokia, FYI.