Company: McAfee Inc, MFE

Price: 47.27

Change: +57.90%

Volume: 35.7M

Intel Corp. said Thursday it is buying computer-security software maker McAfee Inc. for $7.68 billion as the chip-maker adds to its arsenal of tools to serve an increasing array of Internet-connected devices, including mobile phones. Intel, which is based in Santa Clara, Calif., said security is now a fundamental component of online computing, but today’s approach to security isn’t adequate for the growing availability of Internet connections on mobile phones, medical devices, ATMs, automobiles and elsewhere.

McAfee, Inc. operates as a security technology company that secures systems and networks worldwide. The company’s endpoint security offerings secure corporate and consumer computer systems, which are connected to corporate systems and networks, and home PCs; system security products include anti-virus, anti-spyware and anti-spam, desktop firewall, host intrusion prevention, Web security, host network access control, Web filtering for endpoint, and device control; endpoint encryption products use encryption to safeguard information residing on various devices; and data loss prevention products prevent unintentional data loss; consumer security offerings shield consumers from identity theft, phishing scams, spyware, malicious Web sites, and other threats that endanger the online experience; and mobile security solutions safeguard mobile terminals, applications, and content. Its network security offerings comprise firewall, intrusion detection and prevention, network access control, network behavior analysis, network threat response, Web, email, and data loss prevention security appliances and solutions; and McAfee SECURE standard provides a level of security that an online merchant can reasonably achieve to help provide consumers with better protection when interacting with Web sites and shopping online.

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Reported by: Eric crwenewswire Mideast correspondent

Intel Corp (NASDAQ:INTC) and other processor chip makers such as Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices Inc (NYSE:AMD) dropped in today’s trading session on concerns of lower sales forecasted for the next quarter.

What shattered the three computer processing chip giants were comments of Christopher Danely analyst from JP Morgan, according to his comment, personal computer orders are “falling off a cliff”. Tim Luke from Barclay Capital also conveyed to their clients that PC sales in the third quarter will remain slow.

Intel is the world top ranked PC processor manufacturer AMD stands second whereas Nvidia is a well known manufacturer of graphic chips.

The three companies witnessed major correction in the stock market as news related to the computer market affects all three of the companies.
The Reason attributed to the expected lower PC sales is the weak job prospects in the US economy resulting in lesser purchasing power of the end consumer.

In Tuesday’s trading session Intel stock price dropped by 4.02 percent to $19.82, AMD also plunged by 7.95 percent to close at $6.83 whereas Nvidia witnessed the correction of 4.12 percent and closed at $9.24 for the day.

Looking at fundamental indicators for the previous quarters Intel Corp reported the highest second quarter net profit in the last ten years due to which most of traders and investors had built high hopes about the company’s second half of 2010. Computer sales are not only expected to be affected in North America, for Europe austerity measures and more tightened consumer spending in China are going to impact the sales of PC globally.

Tristan Gerra analyst with Robert W Baird Co stated, “We see the weakness more so on the consumer side, even though we hear of some weakness in enterprise as well, notably from Europe.”

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Disclaimer: The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of Crown Equity Holdings Inc. or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company mentioned or referred to in the article. (read more) Rule 17B requires disclosure of payment for investor relations.

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Copmpany: Intel Corp., INTC

Price: 19.78

Volume: 70,100

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.

By Hassan MohammadZaman
Mid East correspondent for crwenewswire.com

European stock market indexes surged up considerably in reaction of a bullish rally in technology stocks. Technology stocks went up substantially on the announcement of positive quarterly financial results of Intel.

The Stoxx Europe 600 technology index surged by 1.8 percent to close at 201.98 in the last trading session. Intel yesterday reported its best quarterly results in last 42 years. The current reported financial results for the period of April to June surpassed all expectations of trader and analysts.

In Europe, other technology sector shares also gained substantially like ASML Holdings, ARM Holdings, Infineon Technologies, and ST Microelectronics which reported the gain off 5.5 percent, 4.3 percent, 3.6 percent and 3.0 percent respectively.

Whereas on negative news of delay in testing of the well cap at Gulf of Mexico made BP share price fell by 0.8 percent in the last trading session.

Asian Stock markets also surged on the better quarterly results of Intel. Japan’s Nikkei Stock Average moved up by 2.7 percent, South Korea’s Kospi Composite surged by 1.3 percent, Hong Kong Hang Seng gained by 0.6%, Shanghai Composite rose to 0.8% whereas Australia S&P/ASX 200 moved up by 1.9 percent in the last trading sessions.

As for US stock markets, Down Jones Industrial Averages jumped up by 1.4 percent, the NASAQ Composite climbed 2.0 percent to close at 2242.03 whereas Standard and Poor’s 500 index surged by 1.5 percent to close at 1095.34 on news of high profits on latest quarterly results of Intel.

The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

By Hassan MohammadZaman
Mid East correspondent for crwenewswire.com

Intel has announced its second quarter financial results surpassing all the expectations for sales and profit. According to Intel its revenue substantially increased due to high demand for chips. Technology stocks in the US and Asian stock markets also jumped up on the positive news from Intel.

Looking at the history of American microchip manufacturer the latest quarterly results are the best ever reported by Intel Corp.

Analysts all over the world anticipated much lower figures from Intel due to slow economy and fears of double dip global recession but Intel reported much higher profits than expected due high demand for chips from both PC and server makers.

For the current quarter Intel earned the profit of $2.9 billion resulting in earning per share of $0.51 whereas analysts were hoping for earning per share or $0.43. In the previous quarter Intel reported the net loss of $398 million.

Similarly the earned revenue of $10.8 billion also surpassed the forecasted figure of $10.25 billion by Wall Street.

Profit margin of 67 percent was also above the forecast of 64 percent predicted by analysts. Now Intel is forecasting a similar performance for the third quarter with revenue of $11.2 billion to 12 billion whereas market experts forecast the revenue to be around $10.9 billion.

Intel CEO Paul Otellini, being optimistic about next quarterly results said that “Now that corporations have some breathing room in the economy and their budgets, you’re starting to see those machines that were four or five years old get refreshed.”

The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.