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Technology Stocks : JMAR Technologies(JMAR)
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To: Starlight who wrote (7905)5/6/1999 2:06:00 PM
From: Bucky Katt  Read Replies (2) of 9695
 
Will the SVGI/INTC news today have any effect on JMAR? >>

Intel has invested $15 million in a leading chip equipment maker as it eyes future generations of super-fast processors.

Intel and Silicon Valley Group announced today that Intel has made a $15 million equity investment in the supplier of equipment for processing wafers. The wafer is a basic building block of a microprocessor: The circuit components of a chip are etched on the wafer.

In addition to the capital investment, the two companies will collaborate on the development of next-generation chip making technology used for manufacturing future Intel microprocessors.

Intel will purchase nonvoting preferred stock, convertible into SVG common stock. When converted into common shares and including Intel's current holdings, it will own 4.7 percent of SVG's outstanding stock, the company said.
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