Intel, Altera, Moore...and Drinks

Rick Merritt, SiliconValley Bureau Chief
5/22/2015 07:00 AM EDT

The on-again, off-again Intel/Altera acquisition was the talk of a cocktail hour sponsored by Imagination Tech where tech execs talked of Moore's Law and VR.

Thanks to Imagination Technologies for hosting a heck of a dinner party at Silicon Valley’s new Levi’s Stadium. Top tech execs from HP, Juniper Networks and Qualcomm came out to give short talks on the long-term tech horizon, attracting other tech luminaries who lit up the cocktail hour chitchat.

Intel’s on-again, off-again acquisition of Altera was one of the favorite themes of talk over drinks. One Wall Streeter refers to this star-crossed romance as a soap opera.

Indeed, Altera’s stock price shot up one Friday afternoon when the Wall Street Journal first reported the deal was getting done that weekend. Perhaps Intel spiked the deal when the story jacked up the merger price, a slap in the face to whoever leaked word, presumably to pump the price. Perhaps.

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