Close

Intel (INTC) to Acquire SoC Platform Provider Movidius

Go back to Intel (INTC) to Acquire SoC Platform Provider Movidius

Intel (INTC), TPG to Form Cybersecurity Joint Venture; TPG to Own Majority of McAfee

September 7, 2016 4:08 PM EDT

Intel Corporation (Nasdaq: INTC) and TPG announced a definitive agreement under which the two parties will establish a newly formed, jointly-owned, independent cybersecurity company. The new company will be called McAfee following transaction close. TPG will own 51 percent of McAfee and Intel will own 49 percent in a transaction valuing the business at approximately $4.2 billion. TPG is making a $1.1 billion equity investment to help drive growth and enhance focus as a standalone business.

Through this transaction, TPG, a leading global alternative asset firm with demonstrated expertise in growing profitable software companies and carve-out... More

MGT Capital Investments (MGT) Files Complaint Against Intel (INTC)

September 6, 2016 8:48 AM EDT

MGT Capital Investments, Inc. (NYSE: MGT) announced that on September 2nd the Company and John McAfee filed a lawsuit in the United States District Court, Southern District of New York seeking a judgment that the Company's use of "John McAfee Global Technologies, Inc." does not infringe upon any trademark rights of Intel Corporation (NASDAQ: INTC) or breach any agreement between the parties.

By way of abbreviated background, in 1991, Mr. McAfee entered into an asset acquisition agreement with McAfee Associates, L.P., with Mr. McAfee as Managing... More

Intel (INTC): Raising PT On Stronger Than Expected Channel Checks - Baird

September 6, 2016 7:42 AM EDT

Baird analyst, Tristan Gerra, reiterated his Outperform rating on shares of Intel (NASDAQ: INTC) on improving demand for Intel's Data Center solutions, channel checks that indicate PC demand is tracking ahead of plan. Additionally, the analyst believes that Intel's 40% market share in the... More

Evercore ISI Upgrades Intel (INTC) to Buy

September 6, 2016 6:47 AM EDT

Evercore ISI upgraded Intel (NASDAQ: INTC) from Hold to Buy with a price target of $45.00.

For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.

Shares of Intel closed at $36.08 yesterday.

... More