Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : 3D Labs -- Ignore unavailable to you. Want to Upgrade?

To: JR2 who wrote (982)	12/21/1999 11:22:00 AM
From: SteveG	Respond to of 1010

<A> 3Dlabs sells $7.5 mln 5-year note to investor Intel biz.yahoo.com HAMILTON, Bermuda, Dec 21 (Reuters) - 3Dlabs Inc. Ltd. (NasdaqNM:TDDD - news), said on Tuesday it had sold a $7.5 million convertible subordinated note due 2004 to chip maker Intel Corp. (NasdaqNM:INTC - news). 3Dlabs, which makes computer equipment and software used by graphic design professionals, said that if Intel converts the note, 3Dlabs would issue up to approximately 1.3 million shares of 3Dlabs common stock to Intel. Intel has been a shareholder in 3Dlabs since 1996, 3Dlabs said. The share price of 3Dlabs was up 1-15/32 at 5-19/32 in trade on the Nasdaq stock market. The companies also entered into a license agreement in which Intel has licensed 3Dlabs' portfolio of patents for use in certain markets. Terms of this agreement were not disclosed, 3Dlabs said. ''The licensing of our intellectual property outside our core professional graphics business is part of our growth strategy,'' Osman Kent, president and chief executive of 3Dlabs, said in a statement.