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Technology Stocks : Ascend Communications (ASND)
ASND 197.59-0.8%Nov 7 9:30 AM EST

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To: Tim Luke who wrote (20884)11/3/1997 11:18:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 61433
 
Intel and Compaq Join Forces to Accelerate Networking Technology and Standards Companies Plan Joint Development and Technology Licensing to Further Deployment of Advanced Networking HILLSBORO, OR, and HOUSTON, TX September 18, 1997 -- Intel Corporation (NASDAQ:INTC) and Compaq Computer Corporation (NYSE:CPQ) today announced an alliance involving the advancement of high-performance networking technologies, products and specifications. The goal of the alliance is to further develop industry standards and to speed the deployment and evolution of new networking technologies. The two companies will engage in technology licensing, cooperative engineering and product development. The results are expected to generate more affordable, efficient and interoperable networks for IT managers. The companies expect network interface controllers, adapters, switches, hubs, xDSL technology and remote access servers to be enhanced by this agreement. As a result of this alliance, customers will have faster access to high-performance networking solutions based on industry standards and will be able to deploy these solutions with greater ease. Both companies share the mission to more tightly integrate clients, servers and standards-based networking components, resulting in solutions with improved performance and reduced complexity. "With this agreement, we are delivering on our promise to provide standards-based, seamless, demystified solutions for next-generation, high-bandwidth networking," said Alan Lutz, senior vice president and group general manager, Compaq's Communication Products Group. "We're certain that this joint effort will inexorably alter the landscape of the networking marketplace." "Intel and Compaq share a vision of matching network performance with advanced systems such as those based on Intel's high-performance Pentiumr II processor," said Frank Gill, Intel executive vice president and general manager of the Internet and Communications Group. "Building on both companies' networking strength, the alliance combines Compaq's system and channel expertise with Intel's leadership in silicon and technology building blocks to deliver further advances for business computing." Each company has a heritage of creating products that solve customer problems. This alliance builds on that proven track record and brings Compaq and Intel squarely into leadership positions in the networking arena. This collaboration will further magnify their strengths in bringing technology products and customer support to the market. Both companies will work to provide customers a smooth transition from Ethernet to Fast Ethernet to Gigabit Ethernet. Gigabit Ethernet is just one example of where the two companies plan to work together to bring high-availability networking features to the server. Another area is port aggregation, which dynamically increases bandwidth by combining multiple Fast Ethernet channels. The companies expect to announce product based on this alliance in the fourth quarter. Intel Corporation Intel, the world's largest chip maker, is also a leading manufacturer of personal computer, networking and communications products. Additional information is available at intel.com. Compaq Computer Corporation Compaq Computer Corporation, a Fortune 100 company, is the fifth largest computer company in the world and the largest global supplier of personal computers, delivering useful innovation through products that connect people with people and people with information. The company is an industry leader in environmentally friendly programs and business practices. Compaq is strategically organized to meet the current and future needs of its customers, offering Internet and enterprise computing solutions, networking products, commercial PC products and consumer PCs. As the leader in distributed enterprise solutions, Compaq has shipped over a million servers. In 1996, the company reported worldwide sales of $18.1 billion. Compaq products are sold and supported in more than 100 countries through a network of authorized Compaq marketing partners. Customer support and information about Compaq and its products can be found at www.compaq.com or by calling 1-800-OK-COMPAQ. Product information and reseller locations can be obtai ned by calling 1-800-345-1518.
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