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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: hlpinout who wrote (88927)	1/18/2001 8:11:06 PM
From: hlpinout	Read Replies (2) \| Respond to of 97611

January 18, 2001 09:02 ****Big Players Invest In NetSanity, SandCraft SAN FRANCISCO, CALIFORNIA, U.S.A., 2001 JAN 18 (NB) -- By Martin Stone, Newsbytes. Some of the biggest names in the IT game, Intel Corp. [NASDAQ:INTC], Compaq Computer Corp. [NYSE:CPQ], Dell Computer Corp. [NASDAQ:DELL] and Hewlett-Packard Co. [NYSE:HWP] reportedly have banded together to take a stake in NetSanity Inc., a software designer for wireless carriers, and Cisco Systems Inc.[NASDAQ:CSCO] became the lead investor in a $35.5 million financing round for SandCraft Inc., a microprocessor designer. In separate reports, Reuters said that the latest round of financing for privately-held NetSanity is the third since its 1998 launch, and has raised $20 million in new capital. Privately-held SandCraft would not disclose the amount of Cisco's investment in its latest round, but conceded that Cisco was the major investor. In the NetSanity deal, RSA Ventures, the venture capital arm of encryption software developer RSA Security Inc., [NASDAQ:RSAS] was also a player, joining earlier investors, including Argo Global Capital, McKenna Ventures, and Nokia Venture Partners, the venture capital arm of mobile phone maker Nokia Corp. [NYSE:NOK]. NetSanity's latest cash infusion will go toward expanding abroad and adding new features for wireless carrier customers. Cisco's stake in SandCraft will allow the company's transition from an intellectual property licenser to a specialty semiconductor manufacturer. Also pumping new cash into the company were two Asian venture capital firms, Tokyo-based Hikari Tsushin Capital, and Taipei-based Pacific Ventures, along with Chase H&Q, Tallwood Venture Capital and previous SandCraft investors US Venture Partners and Van Wagoner Capital Management, Reuters said. Reported by Newsbytes.com, newsbytes.com . 07:50 CST Reposted 08:56 CST (20010118/WIRES ONLINE, BUSINESS, ASIA/NETSANITY/PHOTO)