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Intel Vs. Google Showdown

Summary

Google goes head to head with Intel.

Lexmark in talks to sell to Chinese company.

Raptor on the block.

Welcome to the Goliath vs. Goliath issue of M&A Daily

Google

Google (GOOG/GOOGL) is going after Intel (NASDAQ:INTC). They are working with IBM (NYSE:IBM), Qualcomm (NASDAQ:QCOM), and Rackspace (NYSE:RAX) to attack the dominant player in server chips. Google is developing a data center server chip. They will give away the final design through Facebook's (NASDAQ:FB) Open Compute Project. As Intel currently has almost a 100% market share in date center server processors, Google is effectively trying to defeat a monopoly. Three years ago, the OpenPower Foundation was started by Google, Nvidia (NASDAQ:NVDA), and Samsung (OTC:SSNLF) to develop competition against Intel; today that effort appeared to be moving forward.

This collaboration could increase Rackspace's value to potential suitors including HP (NYSE:HPQ), Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), or especially IBM. The potential target has spoken with advisors at Morgan Stanley (NYSE:MS) about such a deal.

SL

SL (NYSEMKT:SLI) is getting acquired by Handy & Harman (NASDAQ:HNH) for $40 per share. Rangeley Capital has not yet made a determination as to how we will vote our shares.

Pfizer

If the rules can be changed...


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