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To: D. Swiss who wrote (103602)	5/24/2000 12:17:00 PM
From: The Duke of URL©	Respond to of 186894

from reuters: 05/24 11:28 Intel, Cable & Wireless HKT Announce Agreement; Relationship INTC.O><0008.HK> Intel, Cable & Wireless HKT Announce Agreement; Relationship is Designed to Accelerate e-Business and Consumer Broadband in Asia Pacific HONG KONG--(BUSINESS WIRE)--May 24, 2000--Intel Corporation and Cable & Wireless HKT today announced a memorandum of understanding intended to accelerate e-Business in Hong Kong and the Asia Pacific region. The agreement, outlined by Intel president and CEO Craig Barrett and Cable & Wireless HKT's Chief Executive Linus Cheung, contains two major elements. Focusing on small- to medium-sized businesses, Intel will offer Intel Architecture-based server platforms and Intel NetStructure(TM) communication products for Powerb@se, the newly branded data centre services of Cable & Wireless HKT. For consumers, Cable & Wireless HKT and Intel will collaborate on e-Home initiatives to drive broadband Internet deployment in Hong Kong. "Small- to medium-sized businesses are driving the Internet economy growth in Hong Kong and Asia Pacific," said Barrett. "Cable & Wireless HKT understands how these businesses can participate in the digital economy without high costs or technology barriers. Our agreement lets companies focus on their Internet business by giving them a simple and reliable technology solution which combines data outsourcing and Web applications." Cable & Wireless HKT Chief Executive Linus Cheung added, "With our well-established network infrastructure and proven expertise in providing Internet solutions, Cable & Wireless HKT strives to offer the highest quality Internet services to fit the needs of both our corporate and individual customers. Coupled with Intel, which provides technology expertise in outsourcing and platforms, the partnership is poised to further boost Internet development in the region." The two companies will begin immediately to explore opportunities in Singapore, Korea, Taiwan and Australia to replicate the relationship announced today. Intel will assist with the value-added services deployment by playing a matchmaking role, pairing its value added reseller (VAR) partners with Cable & Wireless HKT clients. These VARS will act as an extended channel arm for Cable & Wireless HKT.