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Wednesday, January 5, 2011

Intel hopeful McAfee deal to close in first half, (NASDAQ: INTC), (NYSE: MFE)

Intel Corp (INTC.O) is hopeful that its acquisition of McAfee Inc (MFE.N) will close in the first half of this year, as a deadline for making concessions on the deal approached. "We just continue to work with the EU," Intel spokesman Chuck Mulloy said in a telephone interview. The commission is concerned that Intel might embed certain elements of McAfee's virus-fighting technology in its widely used microprocessor chips for personal computers, giving it an unfair advantage over rivals, according to the two people familiar with the case.