Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 36.78

+2.7%

Nov 26 3:59 PM EST

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To: Scumbria who wrote (128326)	2/26/2001 9:01:11 AM
From: Road Walker	Read Replies (2) of 186894

Intel to buy DSP maker VxTel for $550 million SANTA CLARA, Calif., Feb 26 (Reuters) - Intel Corp. (NasdaqNM:INTC - news), the world's largest chip maker, said on Monday it would buy semiconductor company VxTel Inc. for about $550 million in cash. Fremont, Calif.-based VxTel makes digital signal processors that enable communications companies to send voice and data via packet-based networks. The deal is subject to regulatory approval and certain closing conditions, Intel said. Intel stock was up 5/16 to $30-1/4 in pre-open trade. It has ranged from $28-1/2 to $75-13/16 in the past year on Nasdaq.

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