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 However, with constant access and when outdated technology fails to keep up with us, stress ensues – a phenomenon that Intel Corporation is now humorously calling the “Hourglass Syndrome.”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.

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