Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: philipah who wrote (84255)	6/23/1999 12:31:00 AM
From: puborectalis	Respond to of 186894

Intel announces first five investments in IA-64 fund A service of Semiconductor Business News, CMP Media Inc. Story posted 7 p.m. EST/4 p.m., PST, 6/22/99 SANTA CLARA, Calif.-- Intel Corp. here today announced the first five equity investments made by the Intel 64 Fund, a $250 million fund to help companies = develop products for the upcoming IA-64 product family (see May 10 story). Companies receiving funding include Extricity Software Inc., Monterey Designs Systems Inc., SpeechWorks International, Inc., TimesTen Performance Software, and WebLine Communications. The companies cover a broad range of technologies. Extricity, of Redwood Shores, Calif., is a maker of packaged business-to-business integration software; Boston-based SpeechWorks offers phone-based speech applications for e-commerce transactions; TimesTen, in Mountain View, Calif., is a developer of high-performance in-memory database technology; WebLine, of Burlington, Mass., created visual collaboration solutions for electronic-commerce and e-service. Monterey Design Systems, Sunnyvale, Calif, will provide integrated physical design solutions for the electronic design automation workstation market. The fund promotes the development of technologies to support high-end server and workstation solutions optimized for the IA-64 processor family, starting with the Merced processor. The investment focus is on tools and technology in areas such as e-commerce, Internet infrastructure, advanced enterprise resource planning, design automation, and financial applications and services. All the applications will be optimized for IA-64-based platforms and run on mainstream operating systems. Intel also announced that Boeing Co. and Enron Inc. have joined the group of corporate users participating in the Intel 64 Fund. Compaq, Dell, Hewlett-Packard, Intel, NEC, and SGI are participating as co-investors. Intel never sits still...always on the prowl.