Symbol cashing w/h Intel, Casinos ***********
<Just like clockwork, I predicted this...uh,argghh
techstocks.com
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Intel to Invest in Symbol Technologies
PALO ALTO, Calif. (Reuters) - Intel Corp. (NasdaqNM:INTC - news), the world's largest computer-chip maker, said on Monday it will invest $100 million in Symbol Technologies Inc., and that the two will team up to create advanced wireless networking technology and products.
The $100 million stake represents about 1.4 million shares and is about a 1.5 percent stake of Holtsville, N.Y. based Symbol. Symbol also said on Monday its board set a 3-for-2 stock split paying April 5 to shareholders of record March 13.
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INTEL and Symbol Technologies Sign Multi-Year Joint Development Pact For Advanced Wireless Networking Products $100 Million Investment In Symbol By Intel Also Planned
SANTA CLARA, Calif. and HOLTSVILLE, N.Y.--(BUSINESS WIRE)--Feb. 14, 2000--Intel Corporation (NASDAQ: INTC - news) and Symbol Technologies (NYSE: SBL - news) today announced the two companies have entered into a multi-year joint development agreement to create advanced wireless networking capabilities and products. Intel plans to invest $100 million in Symbol (equaling approximately 1.4 million shares, representing an ownership stake of about 1.5%).
Intel and Symbol will devote a total of more than 200 silicon, hardware and software engineers, as well as complementary teams of marketing and sales professionals to develop wireless high-speed local area networking (LAN) technologies. The technology will help allow mobile, handheld and desktop computers to communicate with both corporate networks and the Internet without requiring a direct wire connection.
The two companies will focus their efforts on developing silicon, adapter cards and ''access points'' (devices that serve as a central base station or gateway to wired networks) required for advanced wireless networking. Intel also plans to sell the underlying silicon chips for building these capabilities into other products. The jointly developed products will be based on the IEEE 802.11 wireless networking standard and will include 2.4 and 5.2 gigahertz wireless LAN technology.
''As networking and the Internet become increasingly crucial to transacting day-to-day business activity, Intel believes the ability to connect to corporate networks and the Internet without the physical limitation of wired connections is essential,'' said Mark Christensen, vice president and general manager of Intel's Network Communications Group. ''The wireless technology that Intel and Symbol are developing will significantly increase employee productivity and reduce the expense associated with hardwiring new networks.''
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AMERANTH TECHNOLOGY SYSTEMS ANNOUNCES 21ST CENTURY CASINO
Hand-Held Computer and Wireless LAN Technology
Allow Casino-wide Wireless Automation
LAS VEGAS, Sept. 16 /PRNewswire/ -- Ameranth Technology Systems, Inc., a leading provider of Wireless Systems Solutions(TM) to the hospitality
industry, and Symbol Technologies, Inc. (NYSE: SBL) a world leader in wireless mobile computing, today announced the 21st Century Casino(TM) at this year's World Gaming Congress and Exposition.
The 21st Century Casino is a fully integrated system that provides the
long awaited gaming-industry standard for projecting casino applications into
the mobile, wireless, hand-held environment. The interface of the 21st
Century Casino is Ameranth's UltraPad(TM) 2700, a small, light, beautifully
designed hand-held computer that operates using Microsoft(R) Windows(R) CE operating system and communicates using Symbol Technologies Spectrum24 wireless technology. The backbone of the 21st Century Casino is Spectrum24, which provides secure, reliable, casino-wide, voice and data connectivity to other casino management information and telecommunications systems.
The combination of the UltraPad 2700, Spectrum24 wireless LAN technology and Windows CE operating system in a hand-held with the form factor and elegance required for casino applications offers unprecedented benefits to
casino operators and the clientele they serve. For the first time, there is a
single hand-held computer and a single wireless systems solution that is ideal for all casino applications: valet parking; curbside check-in; payment processing (credit card, debit card, smart card); VIP and frequency program management; electronic comping, Keno management, table reservations and waitlisting; security, management, and maintenance interface; Ameranth's 21st Century Hotel(TM) applications, including housekeeping management, mini-bar,fixed asset, and expendables inventory; remote order-entry, including pool-side, court-side, and the eighteenth hole; personnel management;
facilities maintenance and management; Ameranth's 21st Century Restaurant(TM) |
