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

To: Amit Patel who wrote (98183)	2/3/2000 4:43:00 PM
From: John Hull	Read Replies (1) \| Respond to of 186894

SANTA CLARA, Calif., Feb. 3, 2000 - Intel Corporation today announced it has entered into a definitive agreement, subject to regulatory approval and associated closing conditions, to acquire privately held Ambient Technologies, Inc. in a cash transaction valued at approximately $150 million. Ambient, headquartered in Fremont, Calif., develops highly integrated digital subscriber line (DSL) silicon solutions and analog modems designed to bring high-speed Internet access to home users and small businesses. DSL technology uses existing telephone lines to deliver Internet content at up to 150 times faster than a 56k modem. Ambient will provide Intel with a complementary set of silicon capabilities and modems including a new chipset that will deliver simultaneous standards-based DSL and high-speed analog modem (V.90) capabilities in a single device. Until widespread deployment of DSL is available, most consumers will continue to connect to the Internet via traditional analog modems. Providing users with both DSL and analog modem capabilities is seen as a necessary interim step on the way to full broadband Internet access.