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Many investors seem to be taking lightly the recent acquisition of McAfee by Intel Corp. (INTC). In fact, they seem bewildered by the move. Why in the world would a maker of chip sets want to own a data security software provider? Let me tell you why.
The days when we subscribed to a third-party service to download those clunky security patches will soon be gone -- and not missed. Those annoying downloads and incessant updates will go the way of the dinosaurs. Intel is preparing for the next generation of data security. Soon your data security will be provided as an integral part of your data handling and communication devices. It will finally be manufactured right into your chip sets. That's the way it should have been long ago.
The $7.7 billion acquisition of McAfee promises to vault Intel into a new position in the world of mobile data handling. As cell phones have mutated into mobile computers and automobiles have transformed into mobile data centers, Intel has struggled to insert itself into those niches. However, because the world of mobile data retrieval has become more deeply integrated with the internet, it has likewise become more vulnerable. Thus, the need for integrated hardware protection has become an absolute.
Intel has seized this opportunity. Investors with long-term aspirations might do well to back this technology. In my view, it marks the start of great and lasting change.
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