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Technology Stocks : Industri-Matematik Intl (IMIC)

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To: bazan who wrote ()11/30/1998 8:58:00 PM
From: bob zagorin  Read Replies (1) of 349
 
INTEL TO ACQUIRE ICAT

Business Editors/Technology Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 30, 1998--Intel
Corporation announced today that it has entered into a definitive
agreement to acquire the assets of iCat Corporation.

The transaction will be made through a subsidiary of Intel and is
expected to be completed before the end of 1998.

Privately held iCat is a leading provider of e-commerce software
and services. The software aids in the creation of Web-based
storefronts that include secure transaction processing capabilities.

iCat Corporation, founded in 1993 and based in Seattle, provides
corporations and merchants worldwide with the information, software,
and services they need to be successful in e-commerce. iCat's
award-winning, entry-level e-commerce solutions are used by thousands
of small and mid-size businesses. Additional information about iCat is
available at www.icat.com.
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