Printer Friendly

INTEL REVEALS MORE ABOUT VC STRATEGY.

Intel Corp called Computerwire yesterday to explain more about its venture capital policy and history. The company started using its current VC model in the early 1990s, according to Robert Manetta, an Intel spokesperson on investment matters. The broad aim of the policy is to invest in companies that grow the PC or server market - the main markets that use Intel chips. The company's modus operandi is to invest in small companies, typically in deals worth $10m or less. The current worth of the company's portfolio is $1bn, not including the $500m stake that Intel took in Micron Technology Inc (CI No 3,519) in October. Neither does the $1bn figure include any plus or minus investment gains, or money that Intel makes from selling off units from companies that it invests in. In 1997 - the last full year of figures - Intel spent $300m on venture capital investment. Manetta said that Intel did not have a projected investment figure for 1999, but given that Intel is intending to extend the global scope of its spending, the $500m figure which was given in press reports earlier this week is not beyond the bounds of possibility. Manetta also reaffirmed that IAsia is very much in its VC sights. The company recently invested in Rediff on the Net, a Bombay, India-based online service provider (CI No 3,529) and also says it is focusing on internet and broadband ventures in China. Manetta added that Latin America also offers interesting possibilities for investment, he said that Intel's recent investment in Starmedia - a portal company that has ambitions to be the sub-continent's version of Yahoo! - offered some insight into Intel's investment plans for the region.
COPYRIGHT 1998 Datamonitor
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Computergram International
Geographic Code:1USA
Date:Dec 3, 1998
Words:280
Previous Article:FALTERING PERITUS CUTS MORE JOBS.
Next Article:ERICSSON IN RESCUE BID FOR ALPHATEC.
Topics:


Related Articles
IBM PURSUES INTEL FOR NEXT-GENERATION PCI.
INTEL TO PUMP UP WORLDWIDE VC SPENDING IN 1999.
THE INTEL INFLUENCE.
M&A IMPACT: IPOs MOVE OVER FOR M&As.
INTEL REVEALS PRICING AS PC VENDORS SHIP P-III BOXES.
Intel Loses $1bn Annually on Networking, Annual Report Says.
Intel to Reveal IA-64 Instruction Set, Programming Model.
Zygon Offers Multimedia Cataloguing Middleware.
Intel Barges into Network Processor Market With IXP1200.
Harnessing innovation: corporate VC arms fund smaller companies with big ideas.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters