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

To: Paul Engel who wrote (96433)	1/15/2000 8:10:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 186894

Paul, Intel investors, Intel Invests In Another Linux Start-up: esoft, easy name to remember. Tony techweb.com Microprocessor giant Intel has purchased a 6 percent stake in eSoft, a developer of Linux-based Internet and networking appliances, according to documents filed this week with the Securities and Exchange Commission. The filings show Intel spent $3 million to acquire 666,666 shares of the Broomfield, Colo., company. The disclosure is another indication that Intel is becoming increasingly serious about using Linux as a platform for a range of computing devices. Last week, Intel introduced Linux-based consumer appliances at the Consumer Electronics Show in Las Vegas, and the company's forthcoming 64-bit processor, called Itanium, will support the fledgling operating system. Intel has previously invested in a number of other Linux developers, including Red Hat, VA Linux, and TurboLinux. "Our customers and our OEMs are increasingly demanding Linux as an option, so this is one way that we can ensure that it is optimized for the Intel architecture," an Intel spokesman said. ESoft announced Intel's intention to acquire a portion of its stock in November, but terms were not disclosed at the time.