Intel's Purchase of McAfee Baffles Analysts

Researchers line up to pan acquisition
By Kevin Spak,  Newser Staff
Posted Aug 19, 2010 2:45 PM CDT
Intel's Hawthorne Farm Campus is shown here in Hillsboro, Ore.   (AP Photo/Don Ryan, file)
camera-icon View 2 more images

(Newser) – Intel agreed to buy McAfee for $7.68 billion today, leaving analysts slack-jawed with disbelief. “I would love to be wrong, but I think we may all look back five years from now and say, 'Wow. That was a big mistake,’” one Forrester analyst tells PC World, while another joked that it was “a lot like a horseless-carriage vendor buying a leading supplier of buggy-whips.”

“You're paying $7 billion for an AV company, which is crazy because there are 80 of them and they all do the same thing,” said an IT-Harvest analyst, though he noted that Intel may be after McAfee’s access to government contracts. And Richard Stiennon of Forbes writes, “This is the biggest acquisition of a pure play security company ever. It’s also the worst. There is no synergy, no channel benefits, no new markets ... and no meaningful strategy.” (Read more Intel stories.)

My Take on This Story
Show results without voting  |