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Technology Stocks : IDTI - an IC Play on Growth Markets -- Ignore unavailable to you. Want to Upgrade?

To: Xianming Liu who wrote (10453)	8/10/1999 8:05:00 PM
From: neverenough	Respond to of 11555

This might have something to do with IDTI's recent rise. I heard a rumor that something was up with INTC back in April, Message 8740478 August 10, 1999 19:54 IDT and Intel Sign Cross-Licensing Agreement SANTA CLARA, Calif.--(BUSINESS WIRE)--Aug. 10, 1999--IDT, Inc. (Nasdaq:IDTI) and Intel Corporation today announced the two companies have entered into a cross-license agreement that enables each company to utilize the intellectual property (IP) covered by the other's patents. Under the terms of the agreement, both companies will license each other's technologies with certain exceptions. Additionally, Intel will pay IDT $20.5 million for the licenses granted under this agreement. Other terms of the agreement are confidential. "Intellectual property is a key ingredient to success in our industry," said Pat Gelsinger, vice president and general manager of Intel's Desktop Products Group. "This new agreement provides the design engineers of both Intel and IDT with greater flexibility as they design new products, enabling both companies to better serve customers' requirements." "IDT shares Intel's goal of providing customers with high-performance solutions for their demanding applications," said Jerry Taylor, president of IDT. "This agreement provides the opportunity for our two companies to pursue their respective businesses and meet the needs and challenges of the digital world." This licensing agreement releases both Intel and IDT from any past infringement associated with the licensed intellectual property, and the cross license extends over the life of the related patents.