Paul , from a Marketwatch report:
Intel (INTC: news, msgs) shares fell after the company and Lernout & Hauspie Speech Products signed an agreement to create e-commerce and telephony options applying Lernout & Hauspie N.V. (LHSP: news, msgs) language technologies. See press release. Intel will own 51 percent of the venture, while Lernout & Hauspie will own 49 percent. On April 5, Intel signed a letter of intent to invest $30 million in the speech technology developer. Intel shares lost 1 3/4 to 62 1/4, while Lernout & Hauspie stock rose 7/16 to 38 3/4.
In addition, Intel invested $15 million in Silicon Valley Group, with plans to buy Silicon Valley Group's (SVGI: news, msgs) non-voting preferred shares. According to the report, the companies will create photolithography tools using Silicon Valley technology. San Jose, Calif.-based Silicon Valley Group makes semiconductor wafer processing equipment. Its shares jumped 1 1/2, or 11 percent, to 15 7/16.
I would like to hear the story, if any, behind the SVG investment.
PB |
