To: Anthony Marks who wrote (6523 ) 6/23/1999 10:40:00 AM From: Mark Oliver Respond to of 10081
Sort of off topic. GM seems to be tied to Nuance as a partner, but they did have a PR saying they would also work with Nuance's east coast twin Speech Works. Why they said this is anybodies guess, but they did. Well, here we see Intel investing in Speech Works. I think they've already got a stake in Nuance and it was about a 2 weeks ago that Intel bought Dialogic which provides a key ingredient to the NOC for General Magic, which is the telephone interface. So, Intel has this Merced fund and they are buying. It isn't probably in their plan to buy into GM because they seem to be focused on software with Merced, but it's interesting none the less. Regards, Mark Intel makes first five Merced fund investments By Michael Kanellos Staff Writer, CNET News.com June 22, 1999, 4:45 p.m. PT The venture fund created to promote software for Intel's upcoming 64-bit processors has placed its first five investments while the fund has expanded to include two new investors. The companies receiving funding today are Extricity Software, Monterey Design Systems, SpeechWorks International, TimesTen performance Software and WebLine Communications. New investors in the fund include Boeing and Enron. The $250 million fund, which Intel and its partners created earlier this year, is targeted at encouraging developers, content providers, hardware manufacturers, and ISPs, among others, to tune their products for chips based around the "IA-64" architecture. The IA-64 chips will be capable of handling 64 bits of data at once, similar to Alpha and Solaris processors, and be targeted for use in large corporate servers and professional workstations. Current Intel processors handle only 32 bits of information at once. Merced, the first IA-64 chip, is due in mid-2000 while its successor, McKinley, is expected to arrive at the end of 2001. Although nearly every server maker and operating system developer are planning to support Merced, any market shift to the Intel platform will likely be more gradual than sudden. Delays to Merced, among other announcements, have tended to dampen some of the enthusiasm for the platform. SGI, for instance, recently extended the road map for its own processors because it said its customers wanted to take a more gradual approach to adopting IA-64. The companies receiving funding today operate in a variety of areas. SpeechWorks, for example, makes phone-based e-commerce applications while Monterey specializes in design software for the electronic design automation market. Other investors in the fund include Compaq Computer, Morgan Stanley Dean Witter, SGI, and Dell Computer. news.com