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

To: Process Boy who wrote (91962)	11/9/1999 1:21:00 PM
From: Paul Engel	Respond to of 186894

PB & Intel Investors - Intel's Router Processor Architecture IX1200 gets a MAJOR ENDORSEMENT and DESIGN WIN form Nortel. Looks like Nortel will be switching over to the IX1200 in future designs. Paul {=====================================} ca.dailynews.yahoo.com Tuesday November 9 9:49 AM ET Nortel links up with Intel, cuts router costs BRAMPTON, Ont. (CP) - Nortel Networks said Tuesday it will work with Intel Corp (NasdaqNM:INTC - news). to create a new generation of computer network devices. Nortel also announced it was slashing prices on its access data routers, making them up to 50 per cent cheaper than products from rivals like Cisco Systems. The company said it has issued licences to more than 75 customers for its new Open Internet protocol routing and software. Nortel will add elements of the Internet software to Intel's Internet exchange (IX) architecture. "The combination will provide developers with a comprehensive, open platform for building advanced networking equipment based on the IX architecture," the companies said in a release. They will co-operate to enable the IXP1200 network processor from Level One, an Intel company, to work with elements of Nortel Networks' Internet protocol. In addition, the companies plan joint marketing programs. "Tuesday's announcement offers further support for Intel's Internet exchange architecture and for Intel's vision of how networks will be built in the future," said Mark Christensen, vice-president and general manager of Intel's Network Communications Group. Intel's IX Architecture is a new framework for networking and telecom equipment using programmable silicon. Nortel Networks Open Internet protocol environment is new software that Internet-enables a variety of servers, personal computers, appliances, mobility devices, set-top boxes and processors. "The foundation of the Internet economy is shifting from 'routing in routers' to software, silicon and the high-performance optical Internet," said Bill Conner, Nortel's president for enterprise solutions. "These announcements recognize the movement from expensive and complex 'Old World' routers to low-cost 'New World' routing and IP software, and the efficiencies we are realizing through our e-business initiatives and virtually integrated business model." Nortel is a global leader in telephony, data, wireless and wireline solutions for the Internet. The company had 1998 revenues of $17.6 billion US and serves carrier, service provider and enterprise customers globally. Intel is the world's largest maker of computer chips and a leading manufacturer of personal computer, networking and communications products. © The Canadian Press, 1999