Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 239.88

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Nov 28 12:59 PM EST

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To: Stock Watcher who wrote (20840)	12/7/1999 10:25:00 AM
From: TWICK	Read Replies (1) of 52051

Ancor (ANCR) Announces Agreement with Intel on InfiniBand* Architecture Switches Intel Invests $14.8 Million in Ancor EDEN PRAIRIE, Minn., Dec. 7 /PRNewswire/ -- Ancor Communications Inc. (Nasdaq: ANCR), a leading provider of Fibre Channel architecture fabrics, today announced an agreement with Intel Corporation to develop and market switches based on the new InfiniBand* architecture. In a related transaction, Intel made a $14.8 million investment in the company to purchase 280,000 newly issued, unregistered shares of Ancor common stock. The InfiniBand architecture is a widely supported interconnect specification that will bring new levels of reliability and performance to Intel-based server solutions beginning in 2001. Ancor will work with Intel and other members of the InfiniBand* Trade Association to define optimal ways of building InfiniBand architecture interconnects and complete relevant standards. Ancor will also work to bring some of the first InfiniBand architecture-based switches to market in 2001.

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