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

To: Brian Malloy who wrote (103803)	5/31/2000 9:33:00 AM
From: Road Walker	Respond to of 186894

Intel being bid up in the pre-market while futures are down; only news I could find: Wednesday May 31, 8:31 am Eastern Time Company Press Release SOURCE: iXL Enterprises, Inc. iXL and Intel Enter Agreement to Jointly Develop Mission Critical E-Business Solutions Accord Includes Mutual Technology Programs, Business Development Initiatives, Executive-Level Communications, and Major Solution Center Based On Intel Architecture ATLANTA, May 31 /PRNewswire/ -- iXL Enterprises, Inc. (Nasdaq: IIXL - news) and Intel (Nasdaq: INTC - news) today announced an agreement that creates a powerful framework for next generation Internet-driven business solutions. The new relationship includes extensive knowledge sharing, numerous joint programs, as well as plans for the development of a major solution center. As part of today's announcement, iXL has joined Intel's eBusiness Solutions Provider Program. iXL and Intel have been working together for more than a year to deliver end to end solutions for clients based on Intel Architecture. This new initiative provides an even more powerful and formalized framework for the two companies to move forward on shared visions and practical business applications of new technology. ``The combination of iXL's innovative, strategic thinking and Intel's advanced technology will serve as an accelerator for the development of Next Generation business systems,'' said Bill Nussey, CEO and President of iXL, Inc. ``Today's agreement gives us early access to Intel technology, which we will be able to convert into competitive advantage for our clients by providing them with more reliable, scalable and provable solutions and faster time to market.'' ``Intel is broadening and reinvigorating its business on numerous fronts, and the aggressive application of technologies and managed programs across a full spectrum of products and services requires aggressive partners who are close to the business challenges facing customers today,'' said Sean Maloney, Sr. VP of Intel's Sales and Marketing Group. ``iXL is recognized as an accelerator of innovative thinking and solutions development. A closer connection to iXL gives us greater street-level insight into the issues iXL's clients are facing.'' The multi level agreement is comprised of a wide variety of cooperative elements: * Intel will provide technology support with people and hardware resources as well as training for the iXL engineering community to each of iXL's more than 20 city offices around the world; * iXL and Intel will initiate joint marketing, technology, business development, and executive-level communication programs; * iXL will provide Intel with access to clients with emerging business needs in real time, allowing Intel to address issues of application integration on its architecture; * Thought leadership teams made up of personnel from both companies will be formed to facilitate development of solutions that address the emerging needs of businesses today; * An iXL-Intel solution center will be used to develop and test large- scale mission-critical systems based on Intel's advanced processors and technologies. Unlike a typical performance lab, the center will focus primarily on combining complex applications on advanced Intel-based hardware platforms. The goal is to create and deliver the truly scaleable systems required to meet the needs of companies as they transform the Internet economy. A sample complex system might incorporate personalization, content management, digital media management, transaction software, and supply chain solutions into a single cohesive solution for businesses. New solutions for Intel's IA64 architecture will also be a key element of work at the solution center. This framework will allow for extensive alignment of Intel resources with iXL's engineering community and e-Business solutions groups. Groups in similar disciplines from both companies will collaborate on solutions design for iXL clients. For example, iXL's Digital Media and Broadband Solutions Group is working with Intel now to extend its offerings by integrating Intel's emerging open standards systems design into client solutions, optimizing broadband distribution of rich media content, and extending delivery capabilities. About iXL Enterprises, Inc. iXL Enterprises, Inc. is the parent company of iXL, Inc., iXL Ventures and the Consumer Financial Network(TM). iXL helps businesses identify how to create a competitive advantage in the New Economy and uses its expertise in creative design and systems engineering to design, develop and deploy advanced e-business applications and solutions. iXL Enterprises, Inc. has more than 20 offices in the United States, Europe, Latin America and Japan. For more information, visit ixl.com . About Intel Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom . Forward Looking Statements Statements made in this release that state the Company's or management's beliefs or expectations and which are not historical facts or which apply prospectively are forward-looking statements. It is important to note that the Company's actual results could differ materially from those contained in or implied by such forward looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained from time to time in the Company's SEC filings including but not limited to the 10-K and subsequent 10-Q's. Copies of those filings are available from the Company and the SEC. SOURCE: iXL Enterprises, Inc.