INTEL MOVES INTO MIRROR IMAGE'S TERRITORY!!!
Intel anounced today they are anta Clara, California, May 10 (Bloomberg) -- Intel Corp., the world's largest computer-chip maker, will spend $200 million this year on services to help companies put audio and video on the Internet at faster speeds and with fewer glitches.
Intel's new Internet Media Services business will build broadcast operation centers in the U.S. and Europe to help companies like Premier Radio Networks and Investor Broadcast Network put live streaming video and audio on the Internet.
The venture is part of Intel's New Business Group, run by Gerry Parker, which also includes the Online Services business for housing servers and managing Web sites for other companies. Parker has been charged with getting Intel into new markets as growth slows in the chip market. The business of online live video and audio is expected to soar more than 20-fold to $2.5 billion in 2004, Intel said.
Intel will compete with companies like Akamai Technologies Inc., Digital Island Inc. and others that offer services to speed up delivery of information on the Internet.
``We don't just find a big market and jump in,'' said Mike Witteman, director of service technology for Intel. ``We have to have expertise that is relevant.''
Intel will build the first broadcast center in Portland, Oregon, where it will take video and audio from satellite, tape, or the Internet and put it on its own network.
Then, when a user requests audio or video, a server will provide a fast connection. Intel is looking to solve the problems of dropped connections, poor quality and slow feeds that plague streaming online video and audio.
The 70,000-square-foot facility in Portland will begin operations in July. A second center will be built in London by the end of the year.
May/11/2000 0:03 GMT
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