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
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The key word is "speculation"
10/5/2006 12:53:58 AM
Until there is an official announcement from either Intel OR Nvidia. I'm gonna take this news with a grain of salt.
If it does get announced, Intel needs to get an OK from the legal side in regards to the effects on the competition, etc, and then shareholder approval. (Like what AMD is going through with their acquisition of ATI).
RE: The key word is "speculation"
10/5/2006 2:14:44 AM
i REALLY hope this isn't true. What happens to all the Nvidia chipsets out there, that run AMD CPUs? What kind of future development are they likely to have if they're owned by Intel?
RE: The key word is "speculation"
10/5/2006 7:57:04 AM
"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer
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