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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)

SIFY 14.28

-3.0%

Jan 28 3:59 PM EST

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To: Mohan Marette who wrote (576)	2/3/2000 8:24:00 AM
From: Mohan Marette	Read Replies (1) of 1471

<-OT->Intel Corp. To Buy India's Thinkit Technologies NEW YORK (Dow Jones)--Intel Corp. (INTC) signed a definitive agreement to acquire Thinkit Technologies Inc., a privately held chip designer for switches and routers based in India. Terms of the all-cash transaction weren't disclosed. In a press release Thursday, Intel said the acquisition includes the purchase of Software & Silicon Systems Pvt. Ltd., Bangalore, India, a unit of Thinkit that designs communications silicon for Intel's Level One Communications unit. Thinkit will become a wholly owned unit of Intel upon completion of the transaction. It will report within Intel's Network Communications Group. -Lisa Reynolds; Dow Jones Newswires; 201-938-5400

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