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Technology Stocks : PRI Automation (PRIA) -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (1044)	10/24/2000 12:17:48 PM
From: Alan Gallaspy	Read Replies (1) \| Respond to of 1214

Robert, This was in the same article that you excerpted, and I was not thrilled to see it. Now I am wondering if Intel has chipped in any money to Intrabay and are maybe cozying up to them as their 300-mm automation provider. After all, for something as important as automating your $5 billion 300-mm fab, it would be kind of nice to have your supplier less than 80 miles from headquarters and to have input and financial clout on how to design, install and maintain everything to suit Intel. Does anyone know of any way to check on Intel's investments in startups and private companies? Edit: I found this on Intel's site and Intrabay is not listed as an Intel investment intel.com semi.org By the end of last year, Intel Capital, launched three years ago, had invested in 350 ventures with an $8 billion portfolio; only a small portion of the investments have been in semiconductor equipment and materials companies. Ram says it hasn't heard back from Intel Capital on the Holbrooks proposal, but one Intel executive who has a voice in Intel Capital's investments says machinery such as the edge grip system could be a fit. "As wafers get bigger, they get heavier, and we may need different handling systems. And if a company does have a unique technology, that is a good example of something we may need in our ecosystem to meet our requirements," said Gidu Shroff, Intel's technology and manufacturing group vice president and director of materials. Shroff notes that Intel Capital's motivations vary somewhat from a traditional funding source. "We do a lot of investments to grow the market," he says. "It's a strategic investment: what can this company bring to us? Money is a second element. If the market grows we will get a fair return on our investments by selling more products."