Brilliant use of valuable cash can't wait to see the first Altera parts on Intel process too.
http://www.bloomberg.com/news/articles/2016-09-01/tpg-said-among-possible-bidders-for-intel-security-unit-mcafee
12 replies (most recent on top)
JaLmGvy-1zrx Don't blame Renee wasn't her boss a person in the room and the other half is supposed to be a checks and balance. But he thinks commodity memory, IOT, modems will regain growth... Sorry both halfs were mistakes
Intel makes the WORST investments.
I can't think of a single one that has worked out.
Be glad it is not valued 0 like most other acquisitions. They also tried to sell Intel capital investments and no one bought.
Renee bought McAfee.
Renee was kind of two in a box with BK, until he kicked her out. Could things be better if she had kicked him out?
From the article:
The potential suitors were put off by slower-than-expected growth of the business and a lack of obvious cost reductions, two of the people said.
Intel paid 40x earning for this dead weight boat anchor.
Fire the entire exec staff.
Fire the board.
We need Carl Icahn or someone like that to clean house and do a financial audit of all of Intel's shenanigans.
This was Renee's idea.
They made her PRESIDENT OF INTEL.
She was almost CEO.
What a bunch of clusterfvcks on the board of directors.
Total loser execs running this place.
I bet nothing will happen to the decision makers in purchasing McAfee just like the ones involved with flushing 10 Billion Dollars down the toilet for mobile and tablet market.
When you take risk and win you are rewarded. At this company when you talk risk and fail you are fired...
SL4/5 and the perp walk is more like it @hwz.
Reward them for risk taking?
The end is near
Dude bought for 7.7 BILLION and now a boat anchor that can't be sold for even three, what a bunch of s---ers. That money alone could have bought a fab to build apple chips or paid for speeding up 10mm and 7nm development, instead they lose 4 billion.