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

To: The Duke of URL© who wrote (4345)	4/29/1999 2:50:00 PM
From: Matt Kaarlela	Respond to of 4679

Credit card purchases over the net? Really, I haven't heard of that one? But here is some news that might be of interest: Intel takes a stake in Proxim Intel said it took a 2.9 percent stake in Proxim with plans to jointly develop wireless home networking products. Intel said it bought 320,000 shares of Mountain View,CA-based Proxim, worth $10.4 million at today's closing price. It also has a warrant to buy an additional 96,000 shares. Intel, the world's largest chipmaker, has made a string of investments in recent months aimed at developing technologies or gaining access to new products. I wonder what would happen to DIMD if Intel bought 320,000 shares? Of course DIMD doesn't have any "developing technologies or new products"...