SANTA CLARA, Calif. (
) -- Security specialist
is about to give investors a glimpse into its long-term strategy as part of chip giant
, said CEO Dave DeWalt.
"We have got a pretty big announcement next week at
security show that is related to
," he told
And there will be a silicon-related announcement in the spring -- you will start to see a rolling thunder of announcements related to Intel."
McAfee's CEO, Dave DeWalt
when it spent $7.7 billion on security software maker McAfee last year, taking the tech bellwether into a completely new market.
The deal, which is expected to close by the end of this quarter, is likely to bolster Intel's presence in the mobile space, enabling the company to build additional security into smartphones and other devices. This capability could be crucial when Intel unveils its
smartphone chip later this year.
McAfee also gives Intel a toehold into the network security market, and could help continue the firm's recent
Up to this point, Intel and McAfee have kept their joint product plans under wraps, although DeWalt was somewhat forthcoming on McAfee's recent performance.
The software firm
on Tuesday before market open, although earnings were impacted by foreign exchange and pre-merger costs, specifically the hiring of new employees.
that McAfee went on a hiring spree during the fourth quarter, bringing 146 employees on board ahead of the Intel merger. "Our goal is to prepare ourselves for an even bigger growth opportunity in 2010 than 2011," he said.
The McAfee CEO also took a swipe at rival
, which recently cited the Intel/McAfee deal as an
business was very solid for the company -- we have been taking market share from our competitors," he said, adding that enterprise spending is also strong. "We had a record number of large deals over a million dollars."
McAfee shares closed up 2 cents at $47.92 on Tuesday, while Intel shares closed down 6 cents, or 0.25%, at $21.64.
--Written by James Rogers in New York.
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