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Microcap & Penny Stocks : THNS - Technest Holdings (Prev. FNTN) -- Ignore unavailable to you. Want to Upgrade?

To: don roberson who wrote (14140)	9/1/1999 10:12:00 AM
From: C Horn	Read Replies (2) \| Respond to of 15313

Interesting Article. dailynews.yahoo.com Wednesday September 1 9:45 AM ET Intel Forms New Investment Fund PALM SPRINGS, Calif. (Reuters) - Intel Corp. (Nasdaq:INTC - news), the world's largest semiconductor maker, confirmed Wednesday it had formed a $200 million equity fund to invest in new voice and data communications technology companies. The Intel Communications Fund's will invest in companies developing products based on Intel's new Internet Exchange Architecture (IXA) program. These companies are developing basic communications components, real-time operating systems and software tools that will be used in a new generation of communications devices. Intel has traditionally focused on making chips for personal computers, such as its hallmark Pentium microprocessor. The IXA, unveiled by Intel Wednesday, is a new design effort to develop a new class of chips for networking equipment and products that allow faster, more efficient computer networks. The fund will focus on making minority equity investments of usually less than $10 million. The fund will be managed by Intel and is part of a long-running strategy by Intel to fund seed investments in innovative technologies. At the end of June, Intel's total portfolio of investments was valued at roughly $3.5 billion and contained about 275 companies worldwide. In a related move to support the IXA, Intel also said Wednesday it will acquire closely held NetBoost, a Mountain View, Calif.-based company that develops hardware and software for the network and communications markets. Financial terms of the acquisition were not disclosed except to say that it was an all-cash transaction. In July 1998, Intel invested an undisclosed amount in NetBoost. NetBoost's technology provides a software programmable method that allows networks to be managed in order to boost the volume of traffic on the Internet and to allow voice and video to be delivered in timely fashion. Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. ..................................................................... Geez, I wonder if Intel might take a look at FNTN? CH