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Analysts Cool on Intel/Altera Combo
Rick Merritt, EETimes
3/30/2015 02:40 PM EDT
SAN JOSE, Calif. – Wall Street’s excitement on Friday over reports x86 giant Intel Corp. was in talks to acquire FPGA maker Altera has left some analysts cold on Monday morning.
On Friday, the Wall Street Journal and Reuters reported Intel was in talks to acquire Altera. The FPGA maker's stock shot up from $34.74 to $44.41 within thirty minutes, pushing the price of what would be Intel’s largest acquisition ever from $10 billion to $13 billion. Altera’s stock price cooled slightly Monday to about $42.
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