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

To: Paul Engel who wrote (92923)	11/21/1999 7:22:00 PM
From: puborectalis	Respond to of 186894

What a great company.... Intel Completes $1.6 Bln Purchase of DSP Communications, Adding New Chips By Cesca Antonelli Intel Completes $1.6 Billion Purchase of DSP Communications Santa Clara, California, Nov. 19 (Bloomberg) -- Intel Corp., the world's largest computer-chip maker, said it completed its $1.6 billion cash purchase of DSP Communications Inc., adding chips that connect wireless phones to the Internet. Intel agreed last month to pay $36 a share for DSP, its second-largest acquisition and its biggest all-cash transaction. Intel is moving into new markets as the company's traditional personal-computer processor business slows. The purchase is part of its strategy to expand in networking and communications and market its products for the Internet. DSP Communications makes digital-signal processors that convert sound, light and other signals into a digital computer language that can be understood by other chips instantly. The process lets cell phones and other wireless devices communicate. Analysts estimate that within a few years, more people will surf the Web through wireless devices like cellular phones than through PCs. In 2003, almost 450 million cell phones and hand- held computers will be shipped, most of which will offer Internet access, according to market-researcher Dataquest. 5YEARS AND HOLDING>>>>>