NEWS HIGHLIGHTS

  • Intel to purchase Infineon's Wireless Solutions Business, called WLS, in a cash transaction valued at approximately $1.4 billion. The deal is expected to close in the first quarter of 2011.
  • WLS sale enables Infineon to expand leading position in markets for automotive, industry and security technologies.
  • WLS will operate as a standalone business. Intel is committed to serving WLS' existing customers, including support for ARM-based platforms.
  • The acquisition expands Intel's current Wi-Fi and 4G WiMAX offerings to include Infineon's 3G capabilities and supports Intel's plans to accelerate LTE. The acquired technology will be used in Intel® Core processor-based laptops, and myriad of Intel® Atom™ processor-based devices, including smartphones, netbooks, tablets and embedded computers.
  • The deal aligns with Internet connectivity pillar of Intel's computing strategy.

 

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Did you know that Intel funds projects by employees which focus on bettering the environment?  Ken Brown, Intel manufacturing employee -- and scuba diver – was the recipient of a grant from Intel’s Sustainability in Action Program.  Ken is contributing to a photography effort called Portrait of a Coral Reef.  And Intel technology, a cluster of multi-core based systems,-will do sophisticated image crunching for researchers at the University of California at San Diego who are studying changes in the fragile reef due to climate change, pollution, and invasive species.

 

SANTA CLARA, Calif., Aug. 27, 2010 – Intel Corporation today announced that third-quarter revenue will be below the company’s previous outlook. The company now expects third-quarter revenue to be $11.0 billion, plus or minus $200 million, compared to the previous expectation of between $11.2 and $12.0 billion. Revenue is being affected by weaker than expected demand for consumer PCs in mature markets. Inventories across the supply chain appear to be in-line with the company’s revised expectations.

 

The company’s expectation for third-quarter gross margin is now 66 percent, plus or minus a point, lower than the previous expectation of 67 percent, plus or minus a couple of points. The impact of lower volume is being partially offset by slightly higher average selling prices stemming from solid enterprise demand.

 

Equity Investments, Interest and Other is expected to be $175 million, consistent with the company’s revised expectation reported on Form 8-K filed July 16.

 

All other expectations for the third quarter remain unchanged. The outlook for the third quarter does not include the effect of any acquisitions, divestitures or similar transactions that may be completed after Aug. 26.

 

The company will update fourth-quarter and full-year expectations with its third-quarter earnings report on Oct. 12.

 

Status of Business Outlook

During the quarter, Intel’s corporate representatives may reiterate the Business Outlook during private meetings with investors, investment analysts, the media and others. From the close of business on Sep. 3 until publication of the company’s third-quarter earnings release, Intel will observe a “Quiet Period” during which the Business Outlook disclosed in the company’s news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.

Risk Factors

The above statements and any others in this document that refer to plans and expectations for the third quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Many factors could affect Intel’s actual results, and variances from Intel’s current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be the important factors that could cause actual results to differ materially from the corporation’s expectations.

 

  • Demand could be different from Intel's expectations due to factors including changes in business and economic conditions; customer acceptance of Intel’s and competitors’ products; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers.
  • Intel operates in intensely competitive industries that are characterized by a high percentage of costs that are fixed or difficult to reduce in the short term and product demand that is highly variable and difficult to forecast. Additionally, Intel is in the process of transitioning to its next generation of products on 32nm process technology, and there could be execution issues associated with these changes, including product defects and errata along with lower than anticipated manufacturing yields. Revenue and the gross margin percentage are affected by the timing of Intel product introductions and the demand for and market acceptance of Intel's products; actions taken by Intel's competitors, including product offerings and introductions, marketing programs and pricing pressures and Intel’s response to such actions; defects or disruptions in the supply of materials or resources; and Intel’s ability to respond quickly to technological developments and to incorporate new features into its products.
  • The gross margin percentage could vary significantly from expectations based on changes in revenue levels; product mix and pricing; start-up costs; variations in inventory valuation, including variations related to the timing of qualifying products for sale; excess or obsolete inventory; manufacturing yields; changes in unit costs; impairments of long-lived assets, including manufacturing, assembly/test and intangible assets; the timing and execution of the manufacturing ramp and associated costs; and capacity utilization.
  • Expenses, particularly certain marketing and compensation expenses, as well as restructuring and asset impairment charges, vary depending on the level of demand for Intel's products and the level of revenue and profits.
  • The tax rate expectation is based on current tax law and current expected income. The tax rate may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.
  • Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments; interest rates; cash balances; and changes in fair value of derivative instruments.
  • The majority of Intel’s non-marketable equity investment portfolio balance is concentrated in companies in the flash memory market segment, and declines in this market segment or changes in management’s plans with respect to Intel’s investments in this market segment could result in significant impairment charges, impacting restructuring charges as well as gains/losses on equity investments and interest and other.
  • Intel's results could be impacted by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates.
  • Intel’s results could be affected by the timing of closing of acquisitions and divestitures.
  • Intel's results could be affected by adverse effects associated with product defects and errata (deviations from published specifications), and by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust and other issues, such as the litigation and regulatory matters described in Intel's SEC reports. An unfavorable ruling could include monetary damages or an injunction prohibiting us from manufacturing or selling one or more products, precluding particular business practices, impacting Intel’s ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.

 

A detailed discussion of these and other factors that could affect Intel’s results is included in Intel’s SEC filings, including the report on Form 10-Q for the quarter ended June 26, 2010.

 

About Intel
Intel  (NASDAQ: INTC) is a world leader in computing innovation. The company  designs and builds the essential technologies that serve as the  foundation for the world’s computing devices. Additional information  about Intel is available at newsroom.intel.com and blogs.intel.com.

 

Intel is a trademark of Intel Corporation in the United States and other countries.

 

* Other names and brands may be claimed as the property of others.

Intel Core vPro processors are most commonly seen nurturing and protecting countless business laptops and desktops in corporate offices.  However, in August’s RTC magazine Intel industrial automation expert Ian Gilvarry tells how vPro is now rolling up its sleeves to tackle “Industrial-Strength Computerized Machine Management.”

University Research Center Will Lead to New User Interfaces and Experiences

 

NEWS HIGHLIGHTS

  • Intel Corporation, Nokia and the University of Oulu have announced the establishment of their first joint research center.
  • One of the first objectives of the new lab is to create new and compelling mobile user experiences that leverage the rapidly increasing capabilities of mobile devices.
  • The lab is the latest member of Intel Labs Europe – Intel’s European Research Network.

 

 

OULU, Finland, Aug. 24, 2010 – Intel Corporation, Nokia and the University of Oulu officially opened the Intel and Nokia Joint Innovation Center today. It will employ about two dozen R&D professionals and become the latest member of Intel’s European Research Network, Intel Labs Europe.

 

Initially the lab will conduct research for new and compelling mobile user experiences that could leverage the rapidly increasing capabilities of mobile devices. Creating interfaces that are more similar to interactions in the real world can enable experiences that are more natural and intuitive, in the same way that modern games and movies are more immersive through the use of realistic 3-D graphics.

 

The new lab is well aligned with the MeeGo open source platform recently launched by Intel and Nokia. MeeGo provides the greatest flexibility for developing new 3-D experiences on mobile devices as much of the lab’s research activity will also be open source.

 

“The University of Oulu’s focus on future telecommunications solutions as well as electronics and photonics made it the perfect location for the Intel and Nokia Joint Innovation Center,” says Justin Rattner, Intel chief technology officer and director of Intel Labs.

 

Another potential area of research could look into technologies that allow displaying a 3-D hologram of the person you are talking to on the phone, a capability only found in science fiction movies today. Consumers will feel more involved and engaged with their mobile experience than with current methods.

 

“3-D technology could change the way we use our mobile devices and make our experiences with them much more immersive,” said Rich Green, Senior vice president and chief technical officer, Nokia. “Our new joint laboratory with Intel draws on the Oulu research community’s 3-D interface expertise, and over time will lay down some important foundations for future mobile experiences.”

 

The lab will be located at the Center for Internet Excellence at the University of Oulu, and will work closely with the Oulu Urban Living Labs, which provide a unique environment for sensor research, testing and piloting technological and social innovations. The Intel and Nokia Joint Innovation Center follows a successful industry and academia collaboration model similar to the ones of Intel Labs Barcelona and the Universitat Politècnica de Catalunya in Spain, the Intel Visual Computing Institute and the Saarland University in Germany or Intel Labs Berkeley at the University of California at Berkeley in the United States.

 

About Intel Labs Europe
Intel R&D/Innovation in Europe is driven by a network of research labs, product development labs and innovation labs spanning the region as well as a variety of Intel business units. Intel Labs Europe was formally established in early 2009 as the central means of coordinating activities across this diverse and extensive network, and to strengthen and improve Intel’s alignment with European R&D. Today, Intel’s European research & development network, Intel Labs Europe, consists of 22 labs employing more than 900 R&D professionals.

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

 

Intel is a trademark of Intel Corporation in the United States and other countries.

 

* Other names and brands may be claimed as the property of others.

NEWS HIGHLIGHTS

  • Sales from Acer, ASUS, Fujitsu, Lenovo, LG, Samsung, MSI, Toshiba and others start today and through end of the year.
  • Intel has shipped more than 70 million Intel® Atom™ netbook chips since its 2008 launch.

 

 

SANTA CLARA, Calif., Aug. 23, 2010 – Intel Corporation announced today that a dozen of new netbooks based on its new mobile dual-core Intel® Atom™ processors are available in stores today. The netbooks – available now and through the end of the year from manufacturers including Acer, ASUS, Fujitsu, Lenovo, LG, Samsung, MSI, and Toshiba – enable new levels of support for applications like games, as well as Adobe Flash* technology for access to a number of Web pages including online hotel booking systems and multimedia sites such as YouTube* and Hulu*.

 

"Acer strives to continually improve on our customers' total mobile experience, whether it is increased responsiveness or extended Internet interactivity through longer battery life," said David Lee, associate vice president of Acer's Mobile Computing Business Unit. "We are pleased to select dual-core Intel Atom processors for Acer netbooks, helping to empower netbook users achieve even more – both at work and at leisure."

 

With the dual-core Intel® Atom™ processor N550, consumers can enjoy Internet access on the go with a more responsive experience in the same compact form factor, DDR3 memory support and similar great battery life as the single-core Intel® Atom™ processor N450.

 

"In their short history, the netbook category has experienced impressive growth," said Erik Reid, director of marketing for mobile platforms at Intel. "Having shipped about 70 million Intel Atom chips for netbooks since our launch of the category in 2008, there is obviously a great market for these devices around the world."

 

New netbooks based on dual-core Intel Atom chips arrive in stores today and are available at a variety of consumer-friendly price points. For more information, visit www.intel.com/content/www/us/en/processors/atom/atom-processor.html.

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

 

Intel, Atom and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

 

* Other names and brands may be claimed as the property of others.

Intel’s most recent technology study conducted by Harris Interactive* revealed that eight out of ten (80 percent) U.S. adults get frustrated waiting for their technology to load. Additionally, while waiting, half (51 percent) have done something in a manner inconsistent with their usual behavior. In fact, 61 percent of U.S. adults admitted to yelling or cursing out loud when their technology can’t keep up with them, while others hit their computer mouse (29%) or banged on their computer screen and keyboard (24%). Luckily, Intel has gotten to the core of the problem with  the new 2010 Intel® Core™ family of processors, to give users who hate to wait a way to keep up with their busy lives. Learn more about "Hourglass Syndrome" and play the Smash-a-Glass game.

The Intel® Solid-State Drive (SSD) Toolbox with SSD Optimizer has won the Most Innovative Flash Memory Consumer Application Best of Show Award at the 2010 Flash Memory Summit. The toolbox with optimizer is an easy-to-use set of tools that allows Windows users to better manage and retain the out-of-box performance and health of their Intel®X25-M Mainstream SATA SSDs.

Survey Finds that Half of U.S. Adults Have Done Something Out of Character While Waiting for Technology

 

 

 

 

SANTA CLARA, Calif., Aug. 19, 2010 – Technology has become an integral part of our everyday lives. Wireless Internet connection is prevalent in shopping malls, restaurants and airports. We are expected to answer emails within minutes of receiving them, and people are accustomed to having their mobile devices attached to their hands. However, with constant access and when outdated technology fails to keep up with us, stress ensues – a phenomenon that Intel Corporation is now humorously calling the “Hourglass Syndrome.”

 

While not a real syndrome or medical condition, Hourglass Syndrome is a term coined by Intel to describe the situation that many consumers face while waiting for their technology to keep up with the speed of life.

 

According to a July technology online study conducted by Harris Interactive* and sponsored by Intel, eight out of 10 (80 percent) U.S. adults get frustrated waiting for technology and about half (51 percent) have done something out of character when frustrated while waiting for technology. Of those who admitted acting inappropriately while waiting, 62 percent of U.S. adults admit to yelling or cursing out loud when their technology can’t keep up with them, while others hit their computer mouse (29 percent) or bang on their computer screen and keyboard (24 percent). Of those who have acted or seen someone act inappropriately in public due to frustrations with technology, 70 percent saw strangers, 46 percent have seen family or friends and 33 percent have seen co-workers act out in frustration while waiting for technology.

 

Have you ever missed out on the perfect concert or sporting event tickets, or found yourself seated in the back row, middle seat on an airplane because your technology could not keep up with you? The survey revealed that in addition to an increase in stress and frustration, sluggish technology often causes people to miss out on something while they are waiting. More than one third of U.S. adults (35 percent) said that they missed out on something while waiting for technology, such as losing an opportunity to participate in an online sale (13 percent), or purchase airline, concert or sporting event tickets. Sound familiar? You may be experiencing the “Hourglass Syndrome.”

 

“We are closely connected with our devices,” noted Margaret (Margie) Morris, a clinical psychologist and health technology researcher at Intel. “They become extensions of ourselves and become critically involved in our relationships with others, how we express ourselves, and our efforts to manage stress. We enjoy the freedom to communicate and work from anywhere, so we rely on the technology to perform. When it lets us down, the disappointment runs high and sometimes spills over into our feelings about ourselves.”

 

In an effort to address the Hourglass Syndrome and reduce the wait, Intel introduced the new 2010 Intel® Core™ family of processors, smart technology that is faster thanks to a new feature called Intel® Turbo Boost Technology¹. With this new feature, Intel Core i5 and Core i7  processors can automatically adapt to an individual’s performance needs, giving the boost you need to speed up and saving energy when you don’t – reducing the wait for users. Applications are faster, and your PC is more responsive, even as you multi-task.

 

Over the past 5 years, much has changed in the way we use technology, including the launch of YouTube* in 2006, Facebook* exploding to more than 400 million users, high-definition (HD) content online, massive growth in digital photography sharing sites and consumers demanding faster and easier video streaming and editing capabilities. Consumers need a PC that gives them the freedom to handle it all without suffering from the Hourglass Syndrome.

 

“Intel understands how stressful technology can be,” said Karen Regis, director of Intel’s Consumer PC Marketing. “We are determined to design products that can improve the quality of your life and lower your stress levels, as opposed to increasing them.”

 

In addition to its commitment to consistently develop new and make upgrades to the brains inside of computers so that they keep up with the demands of people’s fast-paced lifestyles, Intel has teamed up with psychology expert Cooper Lawrence to provide people with tips on how to better handle stress.

 

“Mindful stress management is very important,” said Lawrence. “The more prepared you are, the easier it can be to manage your stress. Simple tips to deal with increased stress include having a support network, developing a sense of control and generally just changing your outlook.”

 

About the Survey

This survey was conducted online within the United States by Harris Interactive on behalf of Intel from July 27-29, 2010 among 2,163 adults ages 18 and older. This online survey is not based on a probability sample and therefore no estimate of theoretical sampling error can be calculated.

 

About Intel
Intel  (NASDAQ: INTC) is a world leader in computing innovation. The company  designs and builds the essential technologies that serve as the  foundation for the world’s computing devices. Additional information  about Intel is available at
newsroom.intel.com and blogs.intel.com.

 

 

Intel and the Intel logo are trademarks of Intel Corporation in the U.S. and other countries.


*Other names and brands may be claimed as the property of others.


 

¹Intel® Turbo Boost Technology requires a platform with a processor with Intel Turbo Boost Technology capability. Intel Turbo Boost Technology performance varies depending on hardware, software and overall system configuration. Check with your platform manufacturer on whether your system delivers Intel Turbo Boost Technology. For more information, see www.intel.com/technology/turboboost/.

News Highlights:

  • Purchase of all of McAfee’s common stock for $48 per share in cash, valuing the deal at approximately $7.68 billion. McAfee will operate as a wholly-owned subsidiary, reporting into Intel’s Software and Services Group.
  • Acquisition enables a combination of security software and hardware from one company to ultimately better protect consumers, corporations and governments as billions of devices - and the server and cloud networks that manage them - go online.
  • Intel elevates focus on security on par with energy-efficient performance and connectivity. The acquisition augments Intel’s mobile wireless strategy, helping to better assure customer and consumer security concerns as these billions of devices connect.
  • Intel has made a number of software-related acquisitions of leaders in their respective industries that also rely on great silicon, including Wind River, Havok and now McAfee.

 

 

SANTA CLARA, Calif., Aug. 19, 2010 – Intel Corporation has entered into a definitive agreement to acquire McAfee, Inc., through the purchase of all of the company’s common stock at $48 per share in cash, for approximately $7.68 billion. Both boards of directors have unanimously approved the deal, which is expected to close after McAfee shareholder approval, regulatory clearances and other customary conditions specified in the agreement.

 

The acquisition reflects that security is now a fundamental component of online computing. Today’s security approach does not fully address the billions of new Internet-ready devices connecting, including mobile and wireless devices, TVs, cars, medical devices and ATM machines as well as the accompanying surge in cyber threats. Providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services.

 

Inside Intel, the company has elevated the priority of security to be on par with its strategic focus areas in energy-efficient performance and Internet connectivity.

 

McAfee, which has enjoyed double-digit, year-over-year growth and nearly 80 percent gross margins last year, will become a wholly-owned subsidiary of Intel, reporting into Intel’s Software and Services Group. The group is managed by Renée James, Intel senior vice president, and general manager of the group.

 

“With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online,” said Paul Otellini, Intel president and CEO. “In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences.

 

“The addition of McAfee products and technologies into the Intel computing portfolio brings us incredibly talented people with a track record of delivering security innovations, products and services that the industry and consumers trust to make connecting to the Internet safer and more secure,” Otellini added.

 

“Hardware-enhanced security will lead to breakthroughs in effectively countering the increasingly sophisticated threats of today and tomorrow,” said James. “This acquisition is consistent with our software and services strategy to deliver an outstanding computing experience in fast-growing business areas, especially around the move to wireless mobility.”

 

“McAfee is the next step in this strategy, and the right security partner for us,” she added. “Our current work together has impressive prospects, and we look forward to introducing a product from our strategic partnership next year.”

 

“The cyber threat landscape has changed dramatically over the past few years, with millions of new threats appearing every month,” said Dave DeWalt, president and CEO of McAfee. “We believe this acquisition will result in our ability to deliver a safer, more secure and trusted Internet-enabled device experience.”

 

McAfee, based in Santa Clara and founded in 1987, is the world’s largest dedicated security technology company with approximately $2 billion in revenue in 2009. With approximately 6,100 employees, McAfee’s products and technologies deliver secure solutions and services to consumers, enterprises and governments around the world and include a strong sales force that works with a variety of customers.

 

The company has a suite of software-related security solutions, including end-point and networking products and services that are focused on helping to ensure Internet-connected devices and networks are protected from malicious content, phony requests and unsecured transactions and communications. Among others, products include McAfee Total Protection™, McAfee Antivirus, McAfee Internet Security, McAfee Firewall, McAfee IPS as well as an expanding line of products targeting mobile devices such as smartphones.

 

Intel has made a series of recent and successful software acquisitions to pursue a deliberate strategy focused on leading companies in their industry delivering software that takes advantage of silicon. These include gaming, visual computing, embedded device and machine software and now security.

 

Home to two of the most innovative labs and research in the high-tech industry, Intel and McAfee will also jointly explore future product concepts to further strengthen security in the cloud network and myriad of computers and devices people use in their everyday lives.

 

On a GAAP basis, Intel expects the combination to be slightly dilutive to earnings in the first year of operations and approximately flat in the second year. On a non-GAAP basis, excluding a one-time write down of deferred revenue when the transaction closes and amortization of acquired intangibles, Intel expects the combination to be slightly accretive in the first year and improve beyond that.

 

Intel was advised by Goldman Sachs & Co. and Morrison & Foerster LLP. McAfee was advised by Morgan Stanley & Co. Inc. and Wilson Sonsini Goodrich & Rosati, P.C.

 

 

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

 

About McAfee

McAfee, Inc. (NYSE: MFE), headquartered in Santa Clara, California, is the world's largest dedicated security technology company. McAfee is committed to relentlessly tackling the world's toughest security challenges. The company delivers proactive and proven solutions and services that help secure systems and networks around the world, allowing users to safely connect to the Internet, browse, and shop the web more securely. Backed by an award-winning research team, McAfee creates innovative products that empower home users, businesses, the public sector, and service providers by enabling them to prove compliance with regulations, protect data, prevent disruptions, identify vulnerabilities, and continuously monitor and improve their security. http://www.mcafee.com.

 

FORWARD LOOKING STATEMENTS SAFE HARBOR

This press release contains certain forward-looking statements regarding the proposed transaction between Intel and McAfee, including but not limited to statements regarding the future demand for security; the effectiveness of hardware security; plans to introduce a product resulting from the strategic partnership in 2011; benefits of the proposed transaction; future products and concepts to increase security, particularly with respect to cloud computing and mobile devices and Intel’s expectations regarding the proposed transaction’s effects on its GAAP and non-GAAP results. Actual events or results may differ materially from those contained in these forward-looking statements. Among the important factors that could cause future events or results to vary from those addressed in the forward-looking statements include without limitation, risks and uncertainties arising from the possibility that the closing of the transaction may be delayed or may not occur; difficulties with the integration process or the realization of the benefits of the transaction; general economic conditions in the regions and industries in which Intel and McAfee operate; and litigation or regulatory matters involving antitrust and other issues that could affect the closing of the transaction. In addition, please refer to the documents that Intel and McAfee file with the SEC on Forms 10-K, 10-Q and 8-K. The filings by Intel and McAfee identify and address other important factors that could cause events and results to differ materially from those contained in the forward-looking statements set forth in this press release. Intel and McAfee are under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.

 

Additional information and where to find it

McAfee intends to file with the Securities and Exchange Commission (the “SEC”) a preliminary proxy statement and a definitive proxy statement and other relevant materials in connection with the merger. The definitive proxy statement will be sent or given to the stockholders of McAfee. Before making any voting or investment decision with respect to the merger, investors and stockholders of McAfee are urged to read the proxy statement and the other relevant materials when they become available because they will contain important information about the merger. The proxy statement and other relevant materials (when they become available), and any other documents filed by McAfee with the SEC, may be obtained free of charge at the SEC’s website, at www.sec.gov, at McAfee’s website at www.McAfee.com (click on “Investor Information”, then on “SEC Filings”) or from McAfee by contacting Investor Relations by mail at McAfee, Inc., 3965 Freedom Circle, Santa Clara, California 95054, Attention: Investor Relations, or by telephone at (408) 346-5223.

 

Participants in the Solicitation

McAfee and Intel and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from McAfee stockholders in connection with the merger. Information about Intel’s directors and executive officers is set forth in Intel’s 2010 proxy statement on Schedule 14A filed with the SEC on April 2, 2010 and its Annual Report on Form 10-K for the year ended December 26, 2009, filed on February 22, 2010, respectively. Information about McAfee’s directors and executive officers is set forth in its 2010 proxy statement on Schedule 14A filed with the SEC on April 30, 2010 (as revised on May 10, 2010). Additional information regarding the interests of participants in the solicitation of proxies in connection with the merger will be included in the proxy statement that McAfee intends to file with the SEC.

 

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

 

McAfee, McAfee Labs and Global Threat Intelligence are registered trademarks or trademarks of McAfee, Inc. or its subsidiaries in the United States and other countries. Other marks and brands may be claimed as the property of others. © 2010 McAfee, Inc. All rights reserved.

 

* Other names and brands may be claimed as the property of others.

Intel and Micron are sampling their first 3-bit-per-cell (3bpc) NAND flash memory on 25-nanometer (nm) process technology, producing the industry’s highest capacity, smallest NAND chip. The 8GB device offers improved cost efficiencies and higher storage capacity for the competitive USB, SD (Secure Digital) flash card and consumer electronics markets. Flash memory is primarily used to store data, photos or other multimedia for use in capturing and transferring data between computing and digital devices.

What do you get when you mash together a community site, a blog platform, Twitter feeds, a Facebook fan page, multimedia press kits, loads of video and hi-res photography, plus nearly two decades of searchable historic news content into one website? You get a highly versatile toolbox of online tools to help you navigate and support ever-expanding audiences in a rapidly changing PR world. Today we open up our new toolbox, the Intel Newsroom.

Companies Announce Industry’s Highest Capacity, Smallest NAND Device Providing Cost Advantages for a Wide Range of Consumer Storage Applications

 

 

Intel and Micron announce first 3-bit-per-cell NAND flash memory chip on 25 nanometer process technology. Also known as Triple Level Cell, the 8 GB device offers improved cost efficiencies and higher storage capacities for USB, SD flash card and consumer electronics markets. SANTA CLARA, Calif. and BOISE, Idaho, Aug. 17, 2010 – Intel Corporation and Micron Technology Inc. today announced the delivery of 3-bit-per-cell (3bpc) NAND flash memory on 25-nanometer (nm) process technology, producing the industry’s highest capacity, smallest NAND device. The companies have sent initial product samples to select customers. Intel and Micron expect to be in full production by the end of the year.

 

The new 64-gigabit (Gb) 3bpc on 25nm memory device offers improved cost efficiencies and higher storage capacity for the competitive USB, SD (Secure Digital) flash card and consumer electronics markets. Flash memory is primarily used to store data, photos and other multimedia for use in capturing and transferring data between computing and digital devices such as digital cameras, portable media players, digital camcorders and all types of personal computers. These markets are under constant pressure to provide higher capacities at low prices.

 

Designed by the IM Flash Technologies (IMFT) NAND flash joint venture, the 64-Gb, or 8 gigabyte (GB), 25nm lithography stores three bits of information per cell, rather than the traditional one bit (single-level cell) or two bits (multi-level cell). The industry also refers to 3bpc as triple-level cell (TLC.)

 

The device is more than 20 percent smaller than the same capacity of Intel and Micron’s 25nm MLC, which is currently the smallest single 8GB device in production today. Small form-factor flash memory is especially important for consumer end-product flash cards given their intrinsic compact design. The die measures 131mm2 and comes in an industry-standard TSOP package.

 

“With January’s introduction of the industry’s smallest die size at 25nm, quickly followed by the move to 3-bit-per-cell on 25nm, we continue to gain momentum and offer customers a compelling set of leadership products,” said Tom Rampone, Intel vice president and general manager of Intel NAND Solutions Group. “Intel plans to use the design and manufacturing leadership of IMFT to deliver higher-density, cost-competitive products to our customers based on the new 8GB TLC 25nm NAND device.”

 

“As the role of NAND memory continues to escalate in consumer electronics products, we see the early transition to TLC on 25nm as a competitive edge in our growing portfolio of NAND memory products,” said Brian Shirley, vice president of Micron’s NAND Solutions Group. “We are already working to qualify the 8GB TLC NAND flash device within end-product designs, including higher-capacity products from Lexar Media and Micron.”

 

Relevant Links

There are other ways to stay up-to-date on Micron and Intel news:

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at
newsroom.intel.com and blogs.intel.com.

 

About Micron
Micron Technology, Inc., is one of the world's leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets a full range of DRAM, NAND and NOR flash memory, as well as other innovative memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, embedded and mobile products. Micron's common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com.

 

©2010 Micron Technology, Inc. and Intel Corporation. All rights reserved. Information is subject to change without notice.

 

Micron and the Micron logo are trademarks of Micron Technology, Inc.

 

Intel is a trademark of Intel Corporation in the United States and other countries. All other names and brands may be claimed as the property of others.

 

This press release contains forward-looking statements regarding the production of the 3bpc 64Gb NAND device. Actual events or results may differ materially from those contained in the forward-looking statements. Please refer to the documents Micron files on a consolidated basis from time to time with the Securities and Exchange Commission, specifically Micron's most recent Form 10-K and Form 10-Q. These documents contain and identify important factors that could cause the actual results for Micron on a consolidated basis to differ materially from those contained in our forward-looking statements (see Certain Factors). Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

Intel and the Defense Advanced Research Projects Agency (DARPA), part of the U.S. Department of Defense, have entered into a multi-year, $49 million technology investment agreement to prototype revolutionary hardware and software technologies for extreme-scale computing systems as part of DARPA's Ubiquitous High Performance Computing (UHPC) program. For details on the Intel-lead collaborative research program, see Intel CTO Justin Rattner's blog.

Mike Mestrovich, senior technology officer for innovation at the Defense Intelligence Agency (DIA), says DIA will move to desktop virtualization based on Citrix Xen, Intel vPro and Microsoft technologies.  Mestrovich told InformationWeek that a pilot program showed that desktop virtualization will both improve security and reduce the cost of managing DIA’s desktops. Unlike earlier thin-client technology, DIA’s desktop virtualization infrastructure can handle graphically demanding applications for DIA employees, Mestrovich told Federal Computer Week.

News Highlights

  • Intel is introducing an update to the Intel® Atom™ processor-based platform for home and small business storage appliances that boosts processor speed and supports a new memory technology.
  • Intel Atom processors optimized for networked storage appliances in the home and small businesses have gained industry support from major storage manufacturers since its launch earlier this year.
  • Leading storage vendors Acer*, Cisco*, LaCie*, LG Electronics*, NETGEAR*, QNAP*, Super Micro*, Synology* and Thecus* have adopted the Intel Atom processor-based platform into products that are available now.

 

 

SANTA CLARA, Calif., Aug. 16, 2010 – Backed by industry support of the Intel® Atom™ processor optimized for networked storage appliances for the home and small business, Intel Corporation has added two new Intel Atom processors to further boost the company’s focus on the platform.

 

Since Intel’s initial foray in this area in March, leading storage manufacturers, including Acer*, Cisco*, LaCie*, LG Electronics*, NETGEAR*, QNAP*, Super Micro*, Synology* and Thecus* have announced products based on the energy-efficient Intel Atom processor platform.

 

Broadening its offerings for consumer and small business storage appliances, Intel is introducing the 1.8GHz Intel Atom processor D425 single-core and D525 dual-core. These processors boost performance with higher CPU frequencies for faster storage processing and will support the new memory technology, double-data-rate three small outline dual in-line memory modules, also known as DDR3 SODIMM.

 

The new Intel Atom processors (D425 and D525) are paired with the Intel® 82801 IR I/O Controller that delivers the input/output (I/O) connectivity to satisfy the growing throughput demands of leading storage vendors. Both additions to the storage platform offer the flexibility to support Microsoft Windows Home Server* and open source Linux operating systems.

 

“Networked storage appliances based on the Intel Atom processor platform enable consumers and businesses to organize, manage, protect and share documents, photos, videos and music throughout the home or office,” said Dinesh Rao, product line manager, Intel Storage Group. “The versatile Atom processor, which is at the heart of a growing variety of small, innovative, Internet-connected devices, makes it possible for storage vendors to develop low-power appliances that can innocuously sit on a desk or shelf while keeping digital content safe and available anytime, anywhere.”

 

Since March, storage manufacturers have adopted the Intel Atom processor D410 single-core and D510 dual-core, each paired with the Intel 82801 IR I/O Controller, to power these affordable network-attached storage (NAS) appliances for the home and small business. Storage vendor products featuring the Intel Atom processor-based platform are currently available and additional devices will be released later this year.

 

“LaCie recently introduced two storage servers that leverage Intel’s Atom processor technology to deliver enterprise-level storage capabilities to small and medium businesses that were previously only experienced in large, corporate environments,” said Erwan Girard, LaCie Solutions business unit manager. “The new servers include the perfect mix of corporate-grade features and intuitive management software, enclosed in an award-winning 5big design for your desktop, allowing these products to fit seamlessly into any business environment.”

 

The updated Intel Atom processors for consumer and small business NAS appliances are currently shipping. Additional information is available at intel.com/go/storage.

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at
newsroom.intel.com and blogs.intel.com.

 

Intel is a trademark of Intel Corporation in the United States and other countries.

 

* Other names and brands may be claimed as the property of others.

SANTA CLARA, Calif., Aug. 16, 2010 – Intel Corporation today announced it has signed an agreement to acquire Texas Instruments' cable modem product line. The purchase enhances Intel's focus on the cable industry and related consumer electronics (CE) market segments, where the company's expertise in building advanced system-on-chip (SoC) products, based on Intel® Atom™ processors, will be applied.

 

Intel plans to combine Texas Instruments' best-of-breed Puma product lines with the Data Over Cable Service Interface Specification (DOCSIS) standard technology and Intel SoCs to deliver advanced set top box, residential gateway and modem products for the cable industry. The objective is to provide cable OEMs with an open and powerful platform for delivering innovative and differentiated products to service providers that improve the video, voice and data content experience at home.

 

"Adding the talents of the Texas Instruments' cable team to Intel's efforts to bring its advanced technology to consumer electronics makes for a compelling combination," said Bob Ferreira, general manager, Cable Segment, Intel's Digital Home Group. "Intel is focused on delivering SoCs that provide the foundation for consumer electronics devices such as set top boxes, digital TVs, Blu-ray* disc players, companion boxes and related devices. This acquisition specifically strengthens Intel's product offerings for the continuum of cable gateway products and reinforces Intel's continued commitment to the cable industry."

 

All employees of Texas Instruments' cable modem team received offers to join Intel at sites in their home countries, primarily Israel, and will become part of Intel's Digital Home Group. Additional terms of the transaction were not disclosed. The agreement is subject to regulatory review and customary closing conditions. It is expected to close in the fourth quarter of 2010.

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at
newsroom.intel.com and blogs.intel.com.

 

Intel is a trademark of Intel Corporation in the United States and other countries.

 

* Other names and brands may be claimed as the property of others.

Intel researchers recently demonstrated, at Research@Intel Day 2010,  a future where you could simply place an item of food on your kitchen  countertop, and with a few finger strokes, locate recipes that  incorporate that item. You could even put multiple food items on the  counter and search for recipes that include all those ingredients. "Object-Aware Situated Interactive System" ("OASIS") combines real-time computer vision algorithms, 3D cameras, and  micro-projection for fast recognition and tracking of everyday physical  objects and gestures. The Intel demonstration uses displays projected on  everyday household surfaces to create interactive islands for in-home  applications. It can be easily retrofitted to any home, any room and  almost any horizontal or vertical surface. The project has interesting  implications for future capabilities around the home.

The Intel vPro Expert Center Community will host a live open chat at noon PDT, August 12, with Intel IT pros discussing how to take advantage of Microsoft System Center to manage real and virtual PCs, and other computing devices from the data center to the pants pocket.

The New York Times' Media and Advertising column looked into the reasons on why Intel is partnering with Vice on the Creators Project – the company's first global marketing effort to connect with the young  and hip audience. The Creators Project is a multi-year project that  showcases art and creativity made possible by technology. Artists around  the world collaborate and share their work in a exhibition traveling to  5 cities and an online portal which serves as the nerve center of the project.

Intel Capital congratulates HiSoft Technology International Limited on the completion of a successful initial public offering. Intel  Capital first invested in HiSoft in 2004 with the goal of developing and  fostering innovation in the IT service industry in China. In 2006,  Intel Capital participated in the company's series B financing round  with an investment from the Intel Capital China Technology Fund.  As a portfolio company, HiSoft took advantage of the many company  building services offered by Intel Capital, including attending the Intel Capital CEO Summit.  HiSoft provides software outsourcing, applications development, testing  and localization, and ERP consulting services to clients in US, Europe  and Asia. For more information, please visit www.hisoft.com.

Intel Scoop will feature social scientists such as anthropologists and pscychologists from Intel on a thoughtful discussion about the relationship between technology and stress – how technology can elevate but also alleviate stress at the same time. Follow and join the discussion here.

Intel researchers recently demonstrated, at Research@Intel Day 2010, a future where computer vision and Mobile Augmented Reality (MAR) along with a device with the latest Intel® Atom™ processor could be used to help guide a consumer to do his own home PC repair  project. The device was able to identify the model of the PC and provide  text and graphical instructions to the user for each step of the  repair.

SANTA CLARA, Calif., August 4, 2010 – Intel and the Federal Trade Commission (FTC) have reached a tentative settlement in the antitrust suit filed by the Commission December 16. The FTC sued Intel alleging Intel had violated Section 5 of the FTC Act. The settlement agreement expressly states that Intel does not admit either any violation of law or that the facts alleged in the complaint are true. The agreement approved today by the Commission is subject to a 30 day public comment period and final approval by the Commission.

 

"This agreement provides a framework that will allow us to continue to compete and to provide our customers the best possible products at the best prices," said Doug Melamed, Intel senior vice president and general counsel. "The settlement enables us to put an end to the expense and distraction of the FTC litigation."

A copy of the agreement can be found at www.intel.com/pressroom/legal.

 

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at
newsroom.intel.com and blogs.intel.com.

 

Intel is a trademark of Intel Corporation in the United States and other countries.

 

* Other names and brands may be claimed as the property of others.

Today, Intel and GE announced plans to form a new company devoted to telehealth and independent living. Assets will be combined from Intel's Digital Health Group and GE Healthcare's Home Health division, including the Intel® Health Guide, the Intel® Reader, and GE QuietCare®. The new company's leadership will include GE's Omar Ishrak as chairman of the board, and Intel's Louis Burns as CEO. This joint venture reflects Intel and GE's commitment to finding new models of healthcare delivery and extending care to the home. Learn more here, and catch a replay of the announcement webcast.

Lisa Graff, vice president of Intel's Architecture Group and general manager of Enterprise Platforms and Services Division has been honored as a one of CRN Magazine's 2010 Power 100 - this list recognizes the most powerful women of the channel. Graff helped deliver the newest generation of Intel server processors and increased the Intel server boards and system products available to the channel by more than 30%. She has proven herself as a leader through her impressive professional achievements and dedication to the channel.

Company to Focus on Telehealth and Independent Living in Effort to Tackle Increasing Global Burden of Chronic Disease and Age-Related Conditions

 

 

News Highlights

  • GE and Intel Corporation have announced a definitive agreement to form a  50/50 joint venture to create a new healthcare company focused on  telehealth and independent living

Webcast Replay

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