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Intel CEO says he asked Steve Jobs' opinion before Infineon deal

post #1 of 28
Thread Starter 
When Intel acquired the wireless unit of chipmaker Infineon, the company's CEO consulted Apple Chief Executive Steve Jobs, who was said to be "happy" with the deal.

Intel announced on Monday that it had agreed to buy the wireless division of Infineon for $1.4 billion. Infineon makes the baseband chip found in the iPhone, and has supplied chipsets for Apple's handsets since 2007.

On Monday, Paul Otellini spoke with Fox Business and was asked by Liz Claman how Apple feels about Intel's acquisition of Infineon. Otellini said he personally spoke with Jobs, and the Apple co-founder believed the deal was a smart move.

"Steve was very happy... The industry was abuzz that this business unit was on the market, and there were a number of competing companies for it," he said. "I think they're very happy that Intel won the bid."

He said having a presence in the iPhone, however, was not the "overwhelming factor" in the deal. He said the chips have a good revenue stream and Intel believes the wireless technology capabilities will strengthen Intel's portfolio.

Watch the latest video at video.foxbusiness.com

While Otellini's comments were positive this week, in the past his company has ridiculed Apple for relying on the ARM architecture to power its mobile devices. The company, in the past, publicly slammed the iPhone, stating that the device is not capable of accessing the "full Internet," and asserting that such functionality requires Intel-based architecture.

In addition to giving Intel a presence in the iPhone, the Infineon deal will also place the company, through its newly acquired products, inside the 3G-capable iPad. Years ago it was rumored that the chipmaker's low-power Atom processor could eventually make its way into the iPad, though that never came to be.

Instead, Apple decided it would make its own moves in the chipmaking business, through key acquisitions of PA Semi for $278 million in 2008, and Intrinsity this year for $121 million. Those purchases set the stage for Apple to build the custom A4 processor, based on the ARM architecture, found in the iPad and iPhone 4.
post #2 of 28
Otellini taking audience with Steve before making a deal? Murdoch inking a deal he apparently doesn’t like just to win favour with Jobs? This makes jobs sound more like the head of the Mafia than just a savvy business man… but I guess there isn’t much difference when you think about it. Did they kiss his Apple ring and rub the transplant scar of a Jobs idol, too?
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post #3 of 28
intel no matter what happens wins

9
whats in a name ? 
beatles
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whats in a name ? 
beatles
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post #4 of 28
Quote:
Originally Posted by solipsism View Post

Otellini taking audience with Steve before making a deal? Murdoch inking he a deal he doesn’t like just to win favour with Jobs? This makes jobs sound more like the head of the Mafia than just a savvy business man… but I guess there isn’t much difference when you think about it. Did they kiss his ring and rub the of the transplant scar of a Jobs idol, too?

Quote:
Originally Posted by brucep View Post

intel no matter what happens wins

9

I wish the damn stock would move, though.... I am tired of it going sideways forever (and McAfee was a puzzling and inexcusable waste of shareholder money).
post #5 of 28
Good job with AI referring to Otellini by his last name only, before ever mentioning his first name. I guess that's the sort of stuff that happens when "jounalism" consists of copying and pasting entire chunks of articles from other sources. Can we just call this site a news aggregator, and get it out in the open?
post #6 of 28
I didn't think they would actually bag this bid. But they did it. Let's see what happens. Hopefully this time around that have the pieces to actually make a great dive in to the wireless biz. What do you guys think?
iPhone 4 32GB (black), iPod touch 32GB, iPad Wi-Fi + 3G 64GB, iPod classic 80 GB (white) 160GB (black), 2x 5th gen iPod 30GB (black + white), iMac 27", MacBook Pro 17", Time Capsule 1TB, Apple TV
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iPhone 4 32GB (black), iPod touch 32GB, iPad Wi-Fi + 3G 64GB, iPod classic 80 GB (white) 160GB (black), 2x 5th gen iPod 30GB (black + white), iMac 27", MacBook Pro 17", Time Capsule 1TB, Apple TV
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post #7 of 28
Quote:
Originally Posted by AppleStud View Post

Good job with AI referring to Otellini by his last name only, before ever mentioning his first name. I guess that's the sort of stuff that happens when "jounalism" consists of copying and pasting entire chunks of articles from other sources. Can we just call this site a news aggregator, and get it out in the open?

Really? that's your beef? AI is doing a great job and I find they have great original material.
It's so easy to criticize in the internet age... Just go out and create your own website.
post #8 of 28
I think everyone should get Steve Jobs' permission to do business. After all, apple stears the entire business world.
post #9 of 28
Quote:
Originally Posted by anantksundaram View Post

I wish the damn stock would move, though.... I am tired of it going sideways forever (and McAfee was a puzzling and inexcusable waste of shareholder money).

Most of these acquisitions by large companies seem to be a monumental waste. Most of these companies pay way too much for, IMO. If the purchase doesnt pay out then its obviously a net loss. And it really irks me when I read and hear people stating that companies should buy something simply because they can. I dont know of any financially sound individual that pushes their pocketbook to the brink with the assumption that theyll just get more.

BTW, I sold my Intel stock years ago.
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Dick Applebaum on whether the iPad is a personal computer: "BTW, I am posting this from my iPad pc while sitting on the throne... personal enough for you?"
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post #10 of 28
Quote:
Originally Posted by solipsism View Post

Otellini taking audience with Steve before making a deal? Murdoch inking a deal he apparently doesnt like just to win favour with Jobs? This makes jobs sound more like the head of the Mafia than just a savvy business man but I guess there isnt much difference when you think about it. Did they kiss his Apple ring and rub the transplant scar of a Jobs idol, too?

What are people smoking today? First off, you should not believe everything you read. Secondly, comparing Jobs to the godfather is a bit far fetched.
I think the truth is somewhere in between. Besides, business is about relationships too you know. Let's not get carried away here people...
post #11 of 28
Quote:
Originally Posted by replicant View Post

What are people smoking today? First off, you should not believe everything you read. Secondly, comparing Jobs to the godfather is a bit far fetched.
I think the truth is somewhere in between. Besides, business is about relationships too you know. Let's not get carried away here people...

Thats what you took from that? The emoticon wasnt a give away? And you take issue with a jokey comment about the Mafia and not a jokey comment about Steve Jobs as Buddha?
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Dick Applebaum on whether the iPad is a personal computer: "BTW, I am posting this from my iPad pc while sitting on the throne... personal enough for you?"
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post #12 of 28
Apple buys a lot of Intel hardware. Core i3-i7 and others. Millions of units.
To not ask them before scooping up one of their main suppliers would be strange.

Maybe Jobs doesn't like the idea.
AMD for Macs across the board. Not something Intel want to see happen.
post #13 of 28
Quote:
Originally Posted by solipsism View Post

Thats what you took from that? The emoticon wasnt a give away? And you take issue with a jokey comment about the Mafia and not a jokey comment about Steve Jobs as Buddha?

I missed the jokey comment but it follows the same line of thinking...
Back to the point, this acquisition is probably good for Apple since they seem to have a good relationship with Intel. I am looking forward to seeing Apple use a bit more of its massive capital to execute on that "game changer" they referred to a while back...
post #14 of 28
Quote:
Originally Posted by replicant View Post

I missed the jokey comment...

Because text limits inflection and forums are typical read quickly emoticons are supplied to indicate tone.
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Dick Applebaum on whether the iPad is a personal computer: "BTW, I am posting this from my iPad pc while sitting on the throne... personal enough for you?"
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post #15 of 28
Quote:
Originally Posted by solipsism View Post

Otellini taking audience with Steve before making a deal? Murdoch inking a deal he apparently doesnt like just to win favour with Jobs? This makes jobs sound more like the head of the Mafia than just a savvy business man but I guess there isnt much difference when you think about it. Did they kiss his Apple ring and rub the transplant scar of a Jobs idol, too?

Quote:
Originally Posted by solipsism View Post

Because text limits inflection and forums are typical read quickly emoticons are supplied to indicate tone.

That's so weird. I didn't see the smiley face when I read your post.

As for Murdoch, what's with the fan dance for Steve? Just set up whatever business unit you want, and make your gawddammned iPhone and iPad apps, Apple will obviously approve them if the basic rules are followed. Heck, I'm sure Apple would love to start running iAds in Murdoch's apps.

Can someone explain to me why Murdoch needs to "win favour"? I know it's been reported as such in the media. It is absolutely baffling.
post #16 of 28
Quote:
Originally Posted by brucep View Post

intel no matter what happens wins

9

Right on, Yoda.
post #17 of 28
Quote:
Originally Posted by solipsism View Post

otellini taking audience with steve before making a deal? Murdoch inking a deal he apparently doesn’t like just to win favour with jobs? This makes jobs sound more like the head of the mafia than just a savvy business man… but i guess there isn’t much difference when you think about it. Did they kiss his apple ring and rub the transplant scar of a jobs idol, too? :d

Kneel Before Jobs!
post #18 of 28
So what would we expect the Intel CEO to say on Fox in responding to a tricky question? No point antagonizing a big customer. You can bet that Otellini called some other big Infineon customers, too. That's basic good business.

I admit to being a Fanatical Moderate. I Disdain the Inane. Vyizderzominymororzizazizdenderizorziz?

Reply

I admit to being a Fanatical Moderate. I Disdain the Inane. Vyizderzominymororzizazizdenderizorziz?

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post #19 of 28
Quote:
Originally Posted by solipsism View Post

...
BTW, I sold my Intel stock years ago.

I'm quite happy with my IBM stock
post #20 of 28
Quote:
Originally Posted by replicant View Post

Secondly, comparing Jobs to the godfather is a bit far fetched.


Until you wake up one morning and find a dead PC in your bed!

"Made me an offer. I couldn't refuse!"

Sept 1st, Jobs keynote of the new iPod line-up and the newly designed LCD screen, square form factor, will be introduced by Jobs in the following way...

"Say hello, to my little friend!..." (you knew that was coming didn't you!)

Ten years ago, we had Steve Jobs, Bob Hope and Johnny Cash.  Today we have no Jobs, no Hope and no Cash.

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Ten years ago, we had Steve Jobs, Bob Hope and Johnny Cash.  Today we have no Jobs, no Hope and no Cash.

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post #21 of 28
Paul Otellini is an awesome CEO. I love what he has done with Intel since he became COO and later CEO. Intel has been a very good partner for Apple during the transition, and I think it was in large part due to Paul. I guess after the two companies grew farther apart with A4 and the whole no nVidia and we will take our time delivering Core iXs to Apple, Intel found a new way to keep the partnership going.


Let's hope this won't be used as a lever if Apple decides to test their luck with AMD.
--SHEFFmachine out
Da Bears!
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--SHEFFmachine out
Da Bears!
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post #22 of 28
Quote:
Originally Posted by Mister Snitch View Post

Kneel Before Jobs!

Zod! it's Zod, people!...

Ten years ago, we had Steve Jobs, Bob Hope and Johnny Cash.  Today we have no Jobs, no Hope and no Cash.

Reply

Ten years ago, we had Steve Jobs, Bob Hope and Johnny Cash.  Today we have no Jobs, no Hope and no Cash.

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post #23 of 28
Quote:
Originally Posted by AppleInsider View Post

In addition to giving Intel a presence in the iPhone, the Infineon deal will also place the company, through its newly acquired products, inside the 3G-capable iPad. Years ago it was rumored that the chipmaker's low-power Atom processor could eventually make its way into the iPad, though that never came to be.

Instead, Apple decided it would make its own moves in the chipmaking business, through key acquisitions of PA Semi for $278 million in 2008, and Intrinsity this year for $121 million. Those purchases set the stage for Apple to build the custom A4 processor, based on the ARM architecture, found in the iPad and iPhone

Hopefully Intel will be willing to license the technology to Apple so they can put it in their systems-on-a-chip. Otherwise Apple will need to develop their own version from scratch if they want to get it on their custom chips.
post #24 of 28
Quote:
Originally Posted by nvidia2008 View Post

That's so weird. I didn't see the smiley face when I read your post.

As for Murdoch, what's with the fan dance for Steve? Just set up whatever business unit you want, and make your gawddammned iPhone and iPad apps, Apple will obviously approve them if the basic rules are followed. Heck, I'm sure Apple would love to start running iAds in Murdoch's apps.

Can someone explain to me why Murdoch needs to "win favour"? I know it's been reported as such in the media. It is absolutely baffling.

Obviously from Murdoch's perspective - he doesn't. Folks sometimes read into news stuff they carry themselves as they replicate or comment on it. Murdoch is a media magnate, not someone who needs to "win favor". Magnates like Jobs, Gates, Otellini and Murdoch - who are truly captains of industry (and not merely inheritors riding the work of their predecessors) do not need to engage in obsequious behaviors. They do lunch, meet casually, talk on the phone like everyone else. It's just in their case the effect is much deeper and wider than that of the average person. But reporters apparently have self-esteem issues that have to be transferred to the subjects they discuss.
post #25 of 28
Quote:
Originally Posted by solipsism View Post

Most of these acquisitions by large companies seem to be a monumental waste. Most of these companies pay way too much for, IMO. If the purchase doesnt pay out then its obviously a net loss. And it really irks me when I read and hear people stating that companies should buy something simply because they can. I dont know of any financially sound individual that pushes their pocketbook to the brink with the assumption that theyll just get more.

BTW, I sold my Intel stock years ago.

I've a theory that all companies have a natural lifecycle of innovation, growth, profitability and decline and I think shareholders would be better off if companies accepted that. I'm sure for most companies if during e profitability phase they just paid out as much as they could back to the shareholders, then wound it down at the end of it's life, less money would be wasted.

There are obviously exceptions that do manage to diversify (Apple being one) but most companies just seem to try to move into adjacent markets and waste money.
post #26 of 28
Quote:
Originally Posted by PaulMJohnson View Post

I've a theory that all companies have a natural lifecycle of innovation, growth, profitability and decline and I think shareholders would be better off if companies accepted that. I'm sure for most companies if during e profitability phase they just paid out as much as they could back to the shareholders, then wound it down at the end of it's life, less money would be wasted.

There are obviously exceptions that do manage to diversify (Apple being one) but most companies just seem to try to move into adjacent markets and waste money.

That's why I'm not a big fan of the share market. I feel I need to know what kinds of dividends I'd be getting up front when I sign on to buy shares of a company. All of which are not guaranteed of course, the way they're structured. Looks like it's back to looking at term deposit [CD] rates on thar intarwebs. Luckily where I am they're at least 3% (Australia/ Malaysia)

On compounded interest though, 5% average returns gives almost double 3% average returns after say, 20 years! Crazy!
post #27 of 28
Quote:
Originally Posted by replicant View Post

Really? that's your beef? AI is doing a great job and I find they have great original material.
It's so easy to criticize in the internet age... Just go out and create your own website.

It's also not that difficult to take the time to proofread what has been written and edit the article to adhere to normal journalism standards. It's a shame that almost NOBODY does it these days. I see mistakes like this all the time on blogs, CNN, Fox News, MSNBC, etc. and they're getting worse.

It's gotten to the point where I notice more when somebody has actually taken the time to proofread and write a high-quality article.

But these days, in the effort to be "first" to break news people are so lazy that they don't even bother to verify before publishing.

Yes, AI has good material, but they could be SO much better if they took the extra five to ten minutes to proofread and edit before posting.
post #28 of 28
Quote:
Originally Posted by PersonMan View Post

It's also not that difficult to take the time to proofread what has been written and edit the article to adhere to normal journalism standards. It's a shame that almost NOBODY does it these days. I see mistakes like this all the time on blogs, CNN, Fox News, MSNBC, etc. and they're getting worse.

It's gotten to the point where I notice more when somebody has actually taken the time to proofread and write a high-quality article.

But these days, in the effort to be "first" to break news people are so lazy that they don't even bother to verify before publishing.

Yes, AI has good material, but they could be SO much better if they took the extra five to ten minutes to proofread and edit before posting.

And dont get me startd on artikles weeth bad speeling!
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