Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

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Jan 12 3:59 PM EST

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To: Stock Watcher who wrote (9645)	5/26/1999 1:54:00 AM
From: flickerful	Read Replies (1) of 52051

Intel to invest $200 million in Williams By Reuters Special to CNET News.com May 25, 1999, 3:45 p.m. PT URL: news.com Computer chip maker Intel said today it will invest $200 million in Williams Communications, which is building a long distance fiber-optic communications network in the United States. In exchange for the investment, Williams Communications, a unit of energy company Williams Companies, will provide network transmission services for Web-hosting computer centers being constructed by Intel's Internet Data Services business. Intel's investment will be made simultaneously with Williams Communications' planned initial public offering. Williams said it will use the money for its business operations but did not provide further details. "We believe that the investment from Intel and the agreement with Intel Internet Data Services to purchase our fiber optic network services is a key milestone for Williams Communications," said Howard Janzen, president and chief executive officer of Williams Communications. Williams Communications' fiber-optic network is one of the four largest long distance networks in the U.S. serving 50 of the top U.S. markets. The network will expand to reach 125 cities nationwide with a 32,000-mile network next year. Story Copyright © 1999 Reuters Limited. All rights reserved.

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