Reuters Report Claims Intel to Acquire NVIDIA
Anh Tuan Huynh
October 4, 2006 10:16 PM
comment(s) - last by
Intel will possibly acquire NVIDIA
speculates Intel is set to acquire NVIDIA
. The speculation arose when NVIDIA’s shares rose 8% to $30.62 on the NASDAQ. Approximately 20 million shares were traded according to
. Intel representatives declined to comment while NVIDIA representatives were unavailable. Bill Lefkowitz, options strategist, vFinance Investments believes Intel will make the announcement tonight.
This is still speculation at the moment as NVIDIA was deemed too expensive to purchase.The article claims:
Some observers said that they doubt Intel would buy NVIDIA because it's too expensive. The company has a stock market capitalization of about $10 billion, which means it would demand a far higher price than what AMD is paying for ATI.
Nevertheless, if the acquisition were to happen it would be interesting to see what Intel has in store for NVIDIA, as Intel holds the majority of the graphics market. Intel’s primary competitor,
AMD, previously acquired ATI Technologies
-- NVIDIA’s primary competitor. The proposed
AMD and ATI merger is nearing its final stages at the moment
This article is over a month old, voting and posting comments is disabled
10/4/2006 11:28:52 PM
If this happens we have something else in which to thank AMD.I love competition.It just keeps getting better and better.
RE: Holy Smokes
10/5/2006 1:48:27 AM
No, Thank Mark Rein if this happens...:)
"Intel is investing heavily (think gazillions of dollars and bazillions of engineering man hours) in resources to create an Intel host controllers spec in order to speed time to market of the USB 3.0 technology." -- Intel blogger Nick Knupffer
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