Intel has announced that it has agreed to purchase Havok, the Dublin-based maker of video game software development tools, for $110 million.
Havok will become a wholly owned subsidiary of Intel meaning that Havok will continue operating independently...they'll just have a ton more capital and all their technology are belong to Intel (sorry for the "all your base are belong to us" reference).
Havok's technology has been used in over 170 games including BioShock, Halo 2, Halo 3, Crackdown and Cars.
Intel's stock price today is relatively unchanged, currently down $0.03. With this acquisition I think Intel is looking like a great long-term (1-2 years) pickup for your stock portfolio. Not only have they differentiated with a lucritive and vital tool for many of today's hottest games, but with Macs selling like hotcakes and better-than-expected shipments of PCs it would seem that they'll be selling chips way into the future.
***Disclaimer*** Lunabean takes no responsibility for their stock recommendations and they make no guarantees. Please do your due diligence before purchasing any stocks.