Eicon Networks to Purchase Intel's Media and Signaling Business
Subject: General Tech | August 9, 2006 - 04:46 PM | Jeremy Hellstrom
SANTA CLARA, Calif., Aug. 9, 2006
Eicon Networks Corporation ("Eicon") and Intel Corporation
today announced that they have signed an agreement for Intel to sell
the assets of its media and signaling business to Eicon.
The acquisition is expected to allow
Eicon to become a leading player in the media processing and signaling
market segment. The sale will enable Intel to focus its investments on
its core communications and embedded businesses, including IntelÂ®
Architecture and network processors, modular communications platforms
and optical modules. The transaction is expected to close in
approximately four to six weeks and is subject to regulatory review and
normal closing conditions. Financial terms are not being disclosed.