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

To: Tenchusatsu who wrote (92361)	11/13/1999 5:31:00 PM
From: puborectalis	Respond to of 186894

Lest we forget....... Intel's got Internet inside By R. Scott Raynovich Redherring.com August 11, 1999 You're likely to hear a company such as CMGI (Nasdaq: CMGI) mentioned before Intel (Nasdaq: INTC) in a discussion about Net-savvy institutional investors. But the chip giant was one of the earliest participants in the Internet boom, and these early strategic investments are now starting to pay dividends. The Santa Clara, California-based company, whose investment portfolio in more than 250 companies is estimated to be worth over $3 billion, has allocated over half of its investment funding to Internet-focused startups, according to company officials. The company started making sizable Internet investments as early as 1996, and those moves now appear considerably prescient as Intel emerges as a major shareholder in many of the leading Internet IPOs. For example, in just the past few weeks, Intel emerged as a major shareholder in two of the most closely watched Internet IPOs: the company holds a 14.3 percent stake in Liquid Audio (Nasdaq: LQID), which boomed 143.7 percent in its IPO on July 9, and the chip company now holds a 9.6 percent stake in Quokka Sports (Nasdaq: QKKA), which debuted July 28. But these are just two of the more recent Intel Internet success stories. The company's track record of Internet investments reads like a who's-who of the Internet: @Home Network (Nasdaq: ATHM), Broadcast.com, CMGI, CNet (Nasdaq: CNET), eToys (Nasdaq: ETYS), iVillage (Nasdaq: IVIL), and Ticketmaster Online-CitySearch (Nasdaq: TMCS) are just a few of the companies that received early funding from Intel.