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Technology Stocks : Intel Corporation (INTC)

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To: Tony Viola who wrote (55174)	5/5/1998 11:37:00 PM
From: Ibexx	Read Replies (1) of 186894

Tony and thread, Hot from the press: __________ Intel , Fore in networking pact SAN FRANCISCO, May 5 (Reuters) - Semiconductor giant Intel Corp. and Fore Systems Inc., a developer of networking products, announced an alliance to integrate two competing networking technologies, in a move that will expand the markets for both. Intel has a fast-growing networking business mostly focused on selling Ethernet technology such as adapter cards to small and medium-sized businesses in desktops and network servers and Fore develops asynchronous transfer mode (ATM) products which create the network backbone for large corporate customers. The companies said they will integrate these two technologies in joint product developmemt and some joint marketing and sales efforts. "There is a big demand for ATM in the backbone and Ethernet is extremely popular and well-known and well understood," said Thomas Gill, president and CEO of Fore. "From the deskop to servers, there is an opportunity to work with Ethernet technology." He said customers in big corporations want both Ethernet and ATM technology in their networks. Gill said that Fore already offers some Ethernet products to its customers but it will now be able to expand its product offerings to include products for the small to medium sized businesses that Intel addresses, while Intel will gain entree to large corporate customers who want both technologies. Financial terms were not disclosed. The companies said that the alliance will expand both of their markets by enabling them to offer "end-to-end solutions." The first result of this pact is a switch developed by Fore called a FORE ES-2810 Switch, which incorporates Intel's Fast Ethernet switching technology. It will be available in June and was introduced at the Networld+Interop show in Las Vegas. REUTERS Rtr 19:13 05-05-98 _______ Ibexx

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