“Marvell Technology Group Ltd. will buy Intel Corp.’s communications and application processor business for $600 million plus the assumption of undisclosed liabilities, the companies said on Tuesday.,” Reuters reports.
“The acquisition will bolster Marvell’s position in the market for processors used in hand-held devices, and allow Intel, the world’s largest maker of semiconductors, to focus on its core businesses, the companies said,” Reuters reports.
Reuters reports, “Intel’s communications and application processor business includes approximately 1,400 employees involved in a variety of functions, including engineering, product testing and validation, as well as operations and marketing. The majority of these employees are expected to become employees of Marvell, which makes wireless communication, controller and power management chips, the companies said.”
Full article here.
[Thanks to MacDailyNews Reader “Cmajor” for the heads up.]
[UPDATE: 10:37am EDT: Fixed first sentence.]
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I know I’ve got a caffeine headache but the first line of the copy still doesn’t make sense.
Marvell Technology Group Ltd. (Nasdaq:MRVL – news) will buy Intel Corp.’s (Nasdaq:INTC – news) communications and application processor business for $600 million plus the assumption of undisclosed liabilities, the companies said on Tuesday.
Looks like putting the ads in messed up your cut/paste job, MDN. At least you’ve got your priorities straight.
I thought they made comic books.
Dude, yer’ gettin’ a Darvell.. err. Mardell.
Whatever.
No, Marvel hasn’t made real comics for years. They are now bootlickers at the altar of PC and as a result, their plotlines and characters reflect different shades and stages of self-flagellating white guilt. It makes for very boring plots and emotionally uninvolving characters. Plus, they fired Chris Claremont, for which there is no forgiveness!
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Am I the only one who can’t figure out how this hhas anything to do with Mac news?
critic:
Yes.
and btw, you are a moron.
Aaah yes. Chris Claremont – with John Byrne’s pencils and Terry Austin’s inks. Now those were the days!
Why should I care?
Anyone has any news as to why AAPL is down about 2% on the day?
Why do people have to bitch about the stories. Just move on already.
Stock market is going to take a HUGE dip tomorrow when it realizes fed is increasing rates at .5 instead of the 0.25 that was expected and fed will continue to raise it higher just within a month.
With it, Apple will be dragged down. as well as all other stocks.
Do not buy stocks assuming these comments must have made them a bargain.
The stories are fine. The big ugly horrible problem are the intellitext adverts that MDN insists on running. From now on I’m elsewhere.
Bye MDN nice knowing you.
I’ll take a Hulk Firewall (TM) and a Spidey SQL Server (TM) thank you very much!
I don’t understand all the antipathy about the intellitext ads. Unless you’re the sort who drags his finger across the page and moves his lips while reading, they’re easily avoided. In fact, I kinda like that viewing them is optional. I wish other kinds of ads were as unobtrusive.
NO DOUBT! Why do you people complain about the ads all the time. Do you realize that reading your annoying posts is more irritating than the ads themselves? Can you read without dragging your mouse of the text? STFU
Intel is dying, their name is worn out and thier innovation has stagnated.
Apple is there to pick up some low cost processors to increase their market share.
Steve Ballmer heads top ten list of people who DON’T matter anymore.
Steve Jobs ranks #5 of those who DO matter
http://money.cnn.com/2006/06/21/technology/10dontmatter.biz2/index.htm
Chris Claremont become a f#$#&ing; hack of a writer way before Marvel finally fired him.
He had been riding the death of Jean Grey fame way too long.
Can we say ‘unresolved dangling plotlines’?
It’s not IntelliTxt, this is a different ad company. To nuke it, use Terminal:
sudo echo “0.0.0.0 kona.kontera.com” >> /etc/hosts
Then enter your admin password. It sometimes takes a reboot or relaunch of your browser to take effect, though.
Intel hosts a garage, er, garbage sale and Marvell shows up.
“OK, I’ll give you 600 million for the communication and processor business, if you throw in Twister, the milkshake maker, and the set of Elvis commemerative plates.”
As others have said, the “Intellitext” ads are fine. Have you whiners ever tried to run a website or even craft good HTML and CSS? It takes a huge amount of time to do it right. MDN needs money to keep going, and those ads are a small price for you to pay to be here.
So just ignore them if you don’t like them and get over it.
I quit reading Marvel Comics altogether when they fired (actually forced out) Claremont. It’s funny seeing such praise for him now. Back then, I remember Claremont-bashing being the “in” thing for any comic fan.
So i guess no intel video ipod then…
Dirty Pierre le Punk is so right.
Claremont, Byrne & Austin – now THAT was a great team.
I pretty much dropped X-Men when Byrne left.
But what a great ride while it lasted!
Problem is, those ‘intellitext’ ads come up blank on my browser (WaMCom on OS 9), making the text illegible.