“With Intel’s purchase of the wireless communications unit of Germany-based Infineon Technologies, the world’s largest chipmaker gets inside Apple’s iPhone 4, with a Infineon’s radio chip used by the smartphone juggernaut,” Melly reports. “The deal, at $1.4 billion in cash, is much smaller than its proposed purchase two weeks ago of security software player McAfee for $7.68 billion. It’s a smaller move, but definitely smarter, traders said.”
Melloy reports, “The stock traded down today despite the perception by many that they got a good price. Some analysts worried if a bigger foray into mobile phones would hurt margins. After all, Apple isn’t known to be the friendliest of partners. Just ask AT&T.”
Full article here.
MacDailyNews Take: Apple has repeatedly refused to publicly criticize their carrier partner’s rather glaring network issues. That is not unfriendly. If anything, Apple is far too friendly to AT&T. Perhaps Melloy means that the sheer weight of Apple’s insanely popular devices has served to inadvertently shine a glaring spotlight on AT&T’s piece of shit network, making the carrier look lazy, inept, greedy, and cheap?
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