Com'on Tench, tell us where is Rambus in the Intel's development in telecommunication...
quote.bloomberg.com
Intel to Buy Stanford Telecommunications Unit (Update2)
Santa Clara, California, Sept. 23 (Bloomberg) -- Intel Corp., the world's largest computer chipmaker, agreed to buy the telecommunications-components unit of Stanford Telecommunications Inc. for an undisclosed price to supply more parts for high-speed Internet access.
Intel, based in Santa Clara, California, will pay cash for the Telecom Component Products division, which provides silicon components for cable modems and television set-top boxes. Stanford is based in Sunnyvale, California.
Intel said the purchase will help it supply the high-speed business created by the Internet and e-commerce. The Stanford unit has about 30 employees, and no firings are expected, said Intel spokesman Tom Beermann. ``This (acquisition) would not be a surprise at all, and it's extremely consistent with Intel's move into the communications market,' said Dan K. Scovel, an analyst with Fahnestock & Co. He rates Intel a ``hold.' ``They're looking for some growth, because it's not clear to us they're going to have it in the computers base they're in,' he said.
The division became available as a result of Newbridge Networks Corp.'s pending purchase of Stanford Telecom for as much as $490 million in stock. Separately, ITT Industries Inc. said it agreed to buy Stanford's space and defense business for $191 million. |
