x
Comms chips

Intel's ROI

8:05 AM -- Analyst Will Strauss of Forward Concepts Co. counts $10 billion in Intel Corp. (Nasdaq: INTC) acquisitions between 1999 and 2005, as we noted in the story about Intel's $884 million acquisition offer to Wind River Systems Inc. (See Intel Tries the Comms Market, Again.)

We've chronicled a few of these. In 2006, Cortina Systems Inc. paid $115 million for pieces of the Giga and Level One business Intel bought for $3 billion in bubble-era stock. (See Intel Hands Off to Cortina.)

Strauss has one that I think tops them all, though. Intel bought VxTel, a pre-revenue VoIP-chip company, for $550 million. (See Intel Snatches VOIP Startup for $550M.) Strauss claims, citing sources close to the former VxTel, that Intel eventually sold the startup's remains for less than $1 million. You can find the anecdote repeated in this 2006 report on Intel backing away from the communications market.

Anyone else got a favorite selloff story, Intel or otherwise?

— Craig Matsumoto, West Coast Editor, Light Reading

Be the first to post a comment regarding this story.
HOME
Sign In
SEARCH
CLOSE
MORE
CLOSE