Intel to buy over McAfee for $7.68 billion

McAfee, Inc. (NYSE: MFE), headquartered in Santa Clara, California, being famous for its antivirus and security solutions, will be bought over by Intel (NASDAQ: INTC) for $48 per share in cash, which is about 60% more than its listing price before announcement. The deal totalling to $7.68 billion, making it the largest acquisition attempt of Intel.

After the acquisition, McAfee will operate as a wholly-owned subsidiary, reporting into Intel’s Software and Services Group and managed by Renee James, their senior vice president and general manager of the group.

Intel’s president and CEO Paul Otellin called security as the “3rd pillar of what people demand from all computing experiences,” behind energy-efficient performance and connectivity.

This is another acquisition exercise of Intel right after the recently announced buying over of Texas Instruments' cable modem product unit.

Maybank2u access denied

Have you encoutered the "access denied" problem when you try to login to Maybank2u website, even though you are very sure the username and password that you keyed in is absolutely correct?

I just found out that Maybank2u will suspend your online banking account if you didn't login to it for more than 3 months. You will need to call their Customer Care number, verify yourself, then only can reactivate it.

If you didn't login your Maybank2u online banking account for more than 6 months, it will be deactivated. You will need to go to the ATM machine of Maybank to get a new PIN number with your ATM card, and reregister a new online banking account in Maybank2u.

Is this "security feature" good or bad? You comment.

OSK Investment Challenge (Campus Edition)

Beside the ECM Libra virtual investment challenge StockQuest at ecmmoney.com , OSK has also launched a similar game called OSK Investment Challenge (Campus Edition).

However, this game is only open to Malaysian students aged between 18 – 30 years with valid student IDs from colleges and universities in Malaysia.

Registration: anytime between 26 July and 1 October 2010
Contest period: 16 August - 1 October 2010

Participants will be given a virtual capital of RM100,000 to begin in this game upon signing up.

The grand prize winner will be the contestant with the highest absolute total portfolio value at the conclusion of the game, while the weekly winner will be the contestant with the highest absolute portfolio gain for the week.

The top 3 Grand Prizes include:

• 1st Prize : RM25,000
• 2nd Prize : RM10,000
• 3rd Prize : RM5,000

And the weekly contest prizes are:

• 2 winners x Acer Aspire One AOD260 Netbook (worth RM1,299 each)

Up to 20 players with the highest overall value from each college/university campus will be chosen automatically to represent their alma mater. The campus with the highest combined portfolio value will be declared OSK Investment Challenge Special College/University winner.
 
The winning campus is rewarded:

• RM100,000 worth of computer lab and equipment
• OSK Investment Challenge (Campus Edition) trophy
• Internship opportunities

All players who log in to play the game throughout the duration of the competition for at least 75% of total trading days will also get a certificate of participation from OSK Investment Bank.

Click here for more information about the OSK Investment Challenge (Campus Edition).