John McAfee’s company could spoil the party for Intel’s new venture

Intel’s plans to spin out its security business under the McAfee name could be clouded by the plans of security expert and businessman John McAfee, who claims he had not assigned the rights to his personal name.The chip maker said Wednesday that it had signed an agreement with TPG for a deal that would see its Intel Security business as a separate cybersecurity company in which Intel shareholders would hold 49 percent of the equity with the balance held by the investment firm. Intel would also receive US$3.1 billion in cash. The new company would be named McAfee.To read this article in full or to leave a comment, please click here

John McAfee’s company could spoil the party for Intel’s new venture

Intel’s plans to spin out its security business under the McAfee name could be clouded by the plans of security expert and businessman John McAfee, who claims he had not assigned the rights to his personal name.The chip maker said Wednesday that it had signed an agreement with TPG for a deal that would see its Intel Security business as a separate cybersecurity company in which Intel shareholders would hold 49 percent of the equity with the balance held by the investment firm. Intel would also receive US$3.1 billion in cash. The new company would be named McAfee.To read this article in full or to leave a comment, please click here

HPE offloads software arm to Micro Focus in $8.8 billion ‘spin-merge’

Hewlett Packard Enterprise will spin off and merge what it considers its non-core software assets with U.K.-based enterprise software firm Micro Focus in a deal worth $8.8 billion, the company said Wednesday.Included in the bundle being offloaded are HPE’s businesses focusing on application delivery management, big data, enterprise security, information management and governance, and IT operations management. Combined with Micro Focus, which acquired Attachmate in 2014 and owns Linux company SUSE, it will create one of the world’s largest pure-play software companies, HPE said, with a combined sales force of about 4,000 people.Among the terms of the deal are a $2.5 billion cash payment to HPE and 50.1 percent ownership of the new combined company by HPE shareholders. HPE declined to specify what the staffing impact would be. The combined company will be led by Kevin Loosemore, executive chairman of Micro Focus, and the deal is expected to close by the second half of HPE's fiscal year 2017.To read this article in full or to leave a comment, please click here

HPE offloads software arm to Micro Focus in $8.8 billion ‘spin-merge’

Hewlett Packard Enterprise will spin off and merge what it considers its non-core software assets with U.K.-based enterprise software firm Micro Focus in a deal worth $8.8 billion, the company said Wednesday.Included in the bundle being offloaded are HPE’s businesses focusing on application delivery management, big data, enterprise security, information management and governance, and IT operations management. Combined with Micro Focus, which acquired Attachmate in 2014 and owns Linux company SUSE, it will create one of the world’s largest pure-play software companies, HPE said, with a combined sales force of about 4,000 people.Among the terms of the deal are a $2.5 billion cash payment to HPE and 50.1 percent ownership of the new combined company by HPE shareholders. HPE declined to specify what the staffing impact would be. The combined company will be led by Kevin Loosemore, executive chairman of Micro Focus, and the deal is expected to close by the second half of HPE's fiscal year 2017.To read this article in full or to leave a comment, please click here

The Next Wave of Deep Learning Architectures

Intel has planted some solid stakes in the ground for the future of deep learning over the last month with its acquisition of deep learning chip startup, Nervana Systems, and most recently, mobile and embedded machine learning company, Movidius.

These new pieces will snap into Intel’s still-forming puzzle for capturing the supposed billion-plus dollar market ahead for deep learning, which is complemented by its own Knights Mill effort and software optimization work on machine learning codes and tooling. At the same time, just down the coast, Nvidia is firming up the market for its own GPU training and inference …

The Next Wave of Deep Learning Architectures was written by Nicole Hemsoth at The Next Platform.

Intel spinout: McAfee is back

Intel is going to spin out its subsidiary Intel Security as a joint venture with investment firm TPG, redubbing the new entity with its old name – McAfee.The deal calls for TPG to make a $1.1 billion equity investment and own 51 percent of the company, with Intel retaining 49%.In a joint statement the companies say the investment will be used to help the spinout gain its feet as a stand-alone business and to drive growth.Intel bought McAfee in 2010 for $7.68 billion with the intent of tying McAfee’s security technology with Intel’s chips.Since then Intel has incorporated technology in some chips that power features of its security software, and Intel Security’ endpoint protection technology is well thought of, consistently ranking among the leaders in Gartner’s analysis of that category. It is ranked number two in market share behind Symantec and in front of Trend Micro.To read this article in full or to leave a comment, please click here

Intel spinout: McAfee is back

Intel is going to spin out its subsidiary Intel Security as a joint venture with investment firm TPG, redubbing the new entity with its old name – McAfee.The deal calls for TPG to make a $1.1 billion equity investment and own 51 percent of the company, with Intel retaining 49%.In a joint statement the companies say the investment will be used to help the spinout gain its feet as a stand-alone business and to drive growth.Intel bought McAfee in 2010 for $7.68 billion with the intent of tying McAfee’s security technology with Intel’s chips.Since then Intel has incorporated technology in some chips that power features of its security software, and Intel Security’ endpoint protection technology is well thought of, consistently ranking among the leaders in Gartner’s analysis of that category. It is ranked number two in market share behind Symantec and in front of Trend Micro.To read this article in full or to leave a comment, please click here

38% off Maxboost 4.8A/24W Dual USB Port Smart Car Charger – Deal Alert

Don't roll the dice with those cheap chargers you find in the impulse section near the cash register. This one from Maxboost is an Amazon #1 best seller with 4.5 out of 5 stars from over 7,300 people (read reviews). Amazon indicates that its typical list price of $15.99 has been reduced 38% to $9.99. Keep this 24W / 4.8A USB car charger in the glove box, and know that you'll have juice for your tablet, phone, or other USB mobile device any time you need it while on the road. It features dual USB ports, a compact rugged design, and intelligent circuitry to prevent against short circuiting, over-heating, over-currents, and over-charging. See this highly rated and discounted dual port USB charger now on Amazon.To read this article in full or to leave a comment, please click here

University of California to send some IT jobs to India

The University of California is laying off a group of IT workers at its San Francisco campus as part of a plan to move work offshore.The layoffs will happen at the end of February, but before the final day arrives the IT employees expect to train foreign replacements from India-based IT services firm HCL. The firm is working under a university contract valued at $50 million over five years.This layoff may have huge implications. That's because the university's IT services agreement with HCL can be leveraged by any institution in the 10-campus University of California system, which serves some 240,000 students and employs some 190,000 faculty and staff.To read this article in full or to leave a comment, please click here

Engineering firm uses cloud storage to speed file loads, and then unplugs its MPLS net

Woodard & Curran is a $200 million integrated engineering, science, and operations company based in Portland, Maine, but has offices scattered across the country. Kenneth Danila, Director of Information Systems, recently helped migrate the company to a cloud based storage system from Panzura to eliminate long delays in sharing huge engineering files, and that shift enabled the company to swap out its expensive MPLS network. Ancillary benefits included a painless way to migrate from one cloud supplier to another (AWS to Azure), and a way to limit the threat of ransomware.  Network World Editor in Chief John Dix recently caught up with Danila in his Dedham, MA office. To read this article in full or to leave a comment, please click here

Why quantum computing has the cybersecurity world white-knuckled

As quantum computers inch closer to reality, experts are sweating over their potential to render many of today's cybersecurity technologies useless. Earlier this year the U.S. National Institute of Standards and Technology issued a call for help on the matter, and this week the Global Risk Institute added its voice to the mix.Because of quantum computing, there's a one-in-seven chance that fundamental public-key cryptography tools used today will be broken by 2026, warned Michele Mosca, co-founder of the University of Waterloo's Institute for Quantum Computing and special advisor on cybersecurity to the Global Risk Institute. By 2031, that chance jumps to 50 percent, Mosca wrote in a report published Monday.To read this article in full or to leave a comment, please click here

Why quantum computing has the cybersecurity world white-knuckled

As quantum computers inch closer to reality, experts are sweating over their potential to render many of today's cybersecurity technologies useless. Earlier this year the U.S. National Institute of Standards and Technology issued a call for help on the matter, and this week the Global Risk Institute added its voice to the mix.Because of quantum computing, there's a one-in-seven chance that fundamental public-key cryptography tools used today will be broken by 2026, warned Michele Mosca, co-founder of the University of Waterloo's Institute for Quantum Computing and special advisor on cybersecurity to the Global Risk Institute. By 2031, that chance jumps to 50 percent, Mosca wrote in a report published Monday.To read this article in full or to leave a comment, please click here

Intel sells off majority stake in McAfee unit

Intel is selling off a majority stake in its McAfee unit and turning it back into an independent security company.Intel made the deal with investment firm TPG, which will own a 51 percent stake in the new McAfee company. Intel will own the remainder.As part of the deal, Intel is receiving $3.1 billion in cash. It originally bought McAfee back in 2011 for $7.7 billion -- a deal that caused some industry watchers to scratch their heads.Intel is best known as a chipmaker, but at the time it was also hoping to improve  security around its products. PC security was a major concern back then, said Nathan Brookwood, principal analyst at Insight 64. But now cyberthreats are moving to target the cloud and servers.To read this article in full or to leave a comment, please click here

Intel sells off majority stake in McAfee unit

Intel is selling off a majority stake in its McAfee unit and turning it back into an independent security company.Intel made the deal with investment firm TPG, which will own a 51 percent stake in the new McAfee company. Intel will own the remainder.As part of the deal, Intel is receiving $3.1 billion in cash. It originally bought McAfee back in 2011 for $7.7 billion -- a deal that caused some industry watchers to scratch their heads.Intel is best known as a chipmaker, but at the time it was also hoping to improve  security around its products. PC security was a major concern back then, said Nathan Brookwood, principal analyst at Insight 64. But now cyberthreats are moving to target the cloud and servers.To read this article in full or to leave a comment, please click here

Election exploits: What you need to know [infographic]

In late August, an FBI alert warning state election officials about an attack on voter registration databases from Illinois and Arizona was leaked and posted in a report on Yahoo News.'According to the FBI’s alert, 'an unknown actor' attacked a state election database by using widely available penetrating testing tools, including Acunetix, SQLMap, and DirBuster,' wrote Michael Kan. 'The hackers then found an SQL injection vulnerability -- a common attack point in websites -- and exploited it to steal the data. The FBI has traced the attacks to eight IP addresses, which appear to be hosted from companies based in Bulgaria, the Netherlands, and Russia.'To read this article in full or to leave a comment, please click here(Insider Story)

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