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SOURCE Altera Corporation
The deal between private equity firm TPG and Intel values McAfee at $4.2 billion, far below the $7.68 billion Intel paid for the business in 2010.
Jim Cramer prefers Time Warner over World Wresting Entertainment, likes Intel on a pullback to $28 to $29 per share, and is avoiding Zillow.
More consolidation is expected in semiconductors, especially among telecom suppliers not overly dependent on Apple
Investors would do well buying these shares at a current levels and wait for Intel to execute.
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