More Linux news:
Intel Invests In Another Linux Start-up
Jan 13, 2000 (Tech Web - CMP via COMTEX) -- Microprocessor giant Intel
has purchased a 6 percent stake in eSoft, a developer of Linux-based
Internet and networking appliances, according to documents filed this
week with the Securities and Exchange Commission.
The filings show Intel spent $3 million to acquire 666,666 shares of
the Broomfield, Colo., company.
The disclosure is another indication that Intel is becoming
increasingly serious about using Linux as a platform for a range of
computing devices. Last week, Intel introduced Linux-based consumer
appliances at the Consumer Electronics Show in Las Vegas, and the
company's forthcoming 64-bit processor, called Itanium, will support
the fledgling operating system.
Intel has previously invested in a number of other Linux developers,
including Red Hat, VA Linux, and TurboLinux.
"Our customers and our OEMs are increasingly demanding Linux as an
option, so this is one way that we can ensure that it is optimized for
the Intel architecture," an Intel spokesman said.
ESoft announced Intel's intention to acquire a portion of its stock in
November, but terms were not disclosed at the time.
-----Looks like everybody wants to be a Linux VC |
