Intel might be wrong in buying McAfee
Intel is spending a huge 7.7 billion dollars in cash to buyout the software anti-virus major, McAfee. The takeover is expected to help Intel, as per the company, to ensure a better product offering in mobile chips. Intel sees a huge potential for chips in the mobile sector, so it wants to take all precautions to ensure aggressive and trouble free chips sales in the mobile sector. For that it feels that buying out McAfee is a good option.
But the overall outlook for the technology and chips sector as a whole is looking bleak and there could be a sharp decline in the sales in the coming quarters. And that could be the right time to buy McAfee when the price could be over 30% to 50% lower than what it is paying now. So Intel may be wrong in buying McAfee at this point of time.
