John McAfee: glad Intel dropping name from security software

John McAfee: glad Intel dropping name from security software

Tue, Jan 7 2014

By Jim Finkle

BOSTON (Reuters) – John McAfee, the flamboyant millionaire who founded a pioneering anti-virus software company that Intel Corp bought for $7.7 billion, says he is glad that the chipmaker plans to drop his name from its products.Intel Chief Executive Brian Krzanich announced the decision to abandon the McAfee name late on Monday at the Consumer Electronics Show in Las Vegas, saying the company plans to adopt the “Intel Security” brand.

“I’ve been begging them to drop the brand or fix the product,” McAfee said in a telephone interview on Tuesday. He did not speculate on a reason for the move, which was not completely unexpected.

Last June, McAfee appeared in a profanity-laced video attacking the quality of the software produced by the company, which he founded in the late 1980s. He said he frequently gets emails from customers who complain that it degrades the performance of their computers and is difficult to remove.

Intel has repeatedly said the attacks on the quality of its software are “ludicrous” and without merit.

Its chief technology officer, Michael Fey, said on Tuesday that the company was not concerned about the video, partly because customers knew that John McAfee had not worked for the company in some 20 years.

“Everybody realized the man was trying to get a laugh or make a joke. It is far from something that most buyers took seriously,” he said. “We didn’t really feel much pressure.”

Still, he said, it would be a relief to be able to ignore John McAfee’s antics once Intel stopped using his name.

“As an employee I am happy to stop having to answer that,” Fey said.

Questions about Intel’s plans for keeping the McAfee brand first surfaced in late 2012, when John McAfee, to much publicity, left the Central American nation of Belize after police sought to question him about the murder of a neighbor. He said he was framed for a murder he did not commit.

John McAfee fled to the United States in December 2012 and is developing technology dubbed D-Central that he says will help keep Internet communications safe from government snooping.

Then in his video attacking the software, the millionaire fires a gun into a computer. He was undressed and pawed by a group of young women.

McAfee said he did it all to mock the media’s unfair portrayal of him as unhinged.

“I am who I am. I’m sorry I live on the edge and enjoy life and don’t care what people think of me,” he said on Tuesday, when asked how he felt about Intel dumping his name. “I’m sorry that the software has my name.”

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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