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Technology Stocks : NCR Corporation: An AT&T Spinoff
NCR 27.08+3.2%Oct 16 5:00 PM EST

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To: Mister T who wrote (153)1/14/1998 10:33:00 AM
From: Shibumi   of 379
 
Intel Press Release
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Intel Expands Investment In Server Activities
SANTA CLARA, Calif., Jan. 9, 1998 -- In a demonstration of its ongoing commitment to the enterprise server market segment to deliver technology building blocks, with a focus on time-to-market, quality and leadership, Intel Corporation today announced that it has hired a technology development group of 64 hardware design engineers from NCR Corporation. This announcement is pursuant to an agreement with NCR. Under employment at Intel, these engineers will be involved in the development of high-end server building blocks based on the latest IA-32 and IA-64 processors. This design team will remain in Columbia, S.C., forming the Intel Columbia Design Center.

"Intel's goal is to continuously advance the Intel Standard High Volume Server platform," said John Miner, vice president and general manager, Intel's Enterprise Server Group. "This agreement with NCR is a great way for us to accelerate our delivery of leading-edge server products to our customers."

"We are very excited to significantly enhance our close working relationship with Intel as our long-term supplier of building block solutions," said Bill Eisenman, senior vice president, Computer Systems Group, NCR. "This agreement allows NCR to focus its engineering resources on creating the most efficient server platforms. These platforms will be used for delivering data warehousing and other solutions to our customers."

NCR Corporation (www.ncr.com) is a recognized world leader in data warehousing solutions; open high-availability transaction processing systems; automated teller machines; high-performance retail scanners and point-of-sale terminals; and service, support and Systemedia consumables for transaction-based systems for the retail, financial, and communications industries and other select markets.

Intel, the world's largest chip maker, is also a leading manufacturer of personal computer, networking and communications products. Additional information is available at www.intel.com/pressroom.
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