Thursday, August 26, 2010

INTEL NEAR TO PURCHASE OF INFINEON

Intel is close to a purchase of Infineon Technologies wireless unit according to a Bloomberg report.  Infineon is the maker of the processors for the iPhone.  Intel is said to be offering $1.5 billion euros or about $1.91 billion dollars.

"Intel's big strategy is to be at the heart of computing everywhere" according to Alex Gauna, an analyst at JMP Securities LLC in San Francisco.

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