f. and Intel Investors: Intel gets Olicom's development group
"the deal will more than double Intel's developers working on network system products in Europe and create Intel's first development site in Poland."
cbs.marketwatch.com
Intel gets Olicom's development group
By CBS MarketWatch
Last Update: 7:18 PM ET Sep 19, 1999
NewsWatch
COPENHAGEN (CBS.MW) -- Olicom A/S on Sunday announced it will sell its development group to Intel.
Terms of the deal were not disclosed, but in a statement, the companies said they have signed a definitive agreement for Intel to employ the development group and purchase certain intellectual property and assets.
About 220 Olicom (OLCMF: news, msgs) development employees in
Copenhagen, Denmark and Gdansk, Poland will become Intel employees.
Olicom's product portfolio includes Ethernet, Fast Ethernet and ATM
network adapters, switches, hubs and routers.
Santa Clara, Calif.-based Intel (INTC: news, msgs), the world's No. 1
chipmaker, and Olicom will hold a joint press conference Monday
afternoon in Copenhagen.
According to a press release, the deal will more than double Intel's
developers working on network system products in Europe and create
Intel's first development site in Poland.
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