Business

Monday March 30, 2009

Intel still open to acquisitions


INTEL is open to making acquisitions with weakening markets making prices more palatable, and sees technology’s key growth areas in healthcare and visual media, outgoing chairman Craig Barrett said on Friday.

Barrett, who steps down in May after 35 years at the company, thinks healthcare should follow the lead of financial services companies, offering access to medical records any time or place around the globe.

“The market slowdown, which has been a pretty big hit on the stock market, has made acquisitions more affordable than less affordable to us,” Barrett told a small group of reporters after a panel discussion at the Inter-American Development Bank annual meeting in Medellin, Colombia.

“There is huge opportunity going forward in the area of healthcare. Healthcare is one of the industries which has really not embraced information technology to a large degree,” he said.

Visualisation technology was a second high-growth arena, Barrett said. Movie studios developing richer graphics and full three-dimensional animations all require intense computer processing power, Intel’s main business. — Reuters


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