Intel: McAfee Adds Level Of Security To Products Using Intel Chips

NEW YORK (Dow Jones) - Intel 's 7.68 billion U.S. dollars purchase of McAfee Inc. (MFE), a level of security to add all products that use Intel chips, executives from the chip maker said Thursday.
Renee James, head of Intel's software company, said the acquisition will chips used in servers and PCs in addition to new areas Intel has, such as targeted mobile devices and embedded products, everything from billboards to automated equipment are benefiting.
The companies also see all the areas where Intel sells chips and markets where the software industry can grow, Intel Chief Executive Paul Otellini said.
"Our opinion is that everywhere we sell a microprocessor, there is a possibility to sell security software with it," said Otellini during a conference call to discuss the deal.
On Thursday, Intel announced plans to McAfee, which makes security software to protect computers from viruses and spyware to buy. The deal is the largest in the history of Intel and is a reflection of the chip giant growing ambition in areas outside the PC market, where it dominates.
McAfee shares rose 58% to $ 47.16, hitting the highest price since 1999. Intel shares were down just 3.5% to $ 18.91.