INTEL, XIRCOM HIT DEAL : CHIP MAKER TO BUY 12.5% OWNERSHIP.Byline: Deborah Deborah (dĕb`ōrə), in the Bible, prophetess and judge of Israel, the only woman to hold that office. Under her guidance Barak conquered Sisera and delivered Israel from the oppression of the Canaanite King Jabin. Adamson “Adamson” redirects here. For other uses, see Adamson (disambiguation).
The Adamson was an English car manufactured in Enfield, Middlesex, from 1912 to 1925. Daily News Staff Writer After years of spotty spot·ty adj. spot·ti·er, spot·ti·est 1. Lacking consistency; uneven. 2. Having or marked with spots; spotted. spot earnings records, a rebounding Xircom Inc. of Thousand Oaks Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. got a ringing endorsement Thursday from one of the titans in the computer industry: Intel Corp. Intel signed an agreement to buy a 12.5 percent ownership stake in the computer peripherals maker - 2.5 million of newly issued shares - and get warrants to obtain an additional 1.5 million shares, or 7.5 percent of the firm. The value of Intel's 12.5 percent ownership is $52 million, officials said. ``We feel pretty good,'' said Dirk Gates, Xircom president and chief executive officer. ``It makes you a serious competitor and supplier in the market.'' The unexpected news propelled Xircom's stock by 24 percent, or 4-5/8, closing at 24-1/4 on Thursday. Intel's stock price rose by -1/8 to close at 142-3/8. ``I think it's certainly a strong endorsement of the company's leadership position in the PC card area and an opportunity for Intel to participate in that segment without having to invest directly,'' agreed Rakesh Sood, senior technology analyst at Hambrecht & Quist of San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . Xircom, maker of peripherals used in portable PCs to communicate with computer networks from outside the office, also signed a three-year technology and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement with Intel to jointly develop connectivity products. ``The reason Intel invested in Xircom is to support Xircom in developing high-speed mobile network solutions. One of Intel's primary objectives is to enhance high-performance mobile personal computers,'' said Angie Windheim, spokeswoman at Santa Clara-based Intel. ``By investing in Xircom, we feel we are staking a claim in that area.'' ``It's also a good complement to Intel's networking strategy, where we have a full array of LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. (local area network) products, but we haven't been involved in the mobile industry,'' she added. ``Mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings is fast growing as a serious alternative to desktop PCs.'' Xircom also reported first-quarter earnings of $4.5 million (22 cents a share) on sales of $62.3 million. Revenues were 65 percent higher than those of a year ago, which were $37.7 million. Net loss then was $760,000 (4 cents). The company credits its much improved financial performance to a strategy of focusing on its core PC card business. ``They've certainly turned their business model around and focused on two key areas - one is rapid introduction of new products and secondly, with off-shore manufacturing, they are now able to lower the cost of operation . . . where they can operate very profitably,'' Sood said. ``They (also) are helped by strong growth in notebooks and portables.'' |
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