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

To: f.simons who wrote (88461)	9/19/1999 11:22:00 PM
From: Jacques Newey	Read Replies (1) \| Respond to of 186894

f. and Intel Investors: Intel gets Olicom's development group "the deal will more than double Intel's developers working on network system products in Europe and create Intel's first development site in Poland." cbs.marketwatch.com Intel gets Olicom's development group By CBS MarketWatch Last Update: 7:18 PM ET Sep 19, 1999 NewsWatch COPENHAGEN (CBS.MW) -- Olicom A/S on Sunday announced it will sell its development group to Intel. Terms of the deal were not disclosed, but in a statement, the companies said they have signed a definitive agreement for Intel to employ the development group and purchase certain intellectual property and assets. About 220 Olicom (OLCMF: news, msgs) development employees in Copenhagen, Denmark and Gdansk, Poland will become Intel employees. Olicom's product portfolio includes Ethernet, Fast Ethernet and ATM network adapters, switches, hubs and routers. Santa Clara, Calif.-based Intel (INTC: news, msgs), the world's No. 1 chipmaker, and Olicom will hold a joint press conference Monday afternoon in Copenhagen. According to a press release, the deal will more than double Intel's developers working on network system products in Europe and create Intel's first development site in Poland.