visorcentral.com >> Stories >> Business
|Tue Jan 16, 2001 - 10:25 PM EST - By James Hromadka|
Intel Corporation and Xircom, Inc. today announced that they have entered into a definitive agreement under which Intel, through a wholly owned subsidiary, would acquire Xircom for $25 per share in an all-cash tender offer valued at approximately $748 million. In addition, Intel will assume all existing vested and unvested employee options. The acquisition complements Intelís existing desktop PC and server-based network access businesses by enabling Intel to provide new products for notebook and mobile computing uses.I just hope that "mobile computing" entails all handhelds, not just the Pocket PC. Thanks to Miradu2000 for the news.
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