Eicon Networks to Purchase Intel's Media and Signaling Business

Subject: General Tech | August 9, 2006 - 04:46 PM |
Tagged:

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 Intel®
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.

No comments posted yet.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Lines and paragraphs break automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <blockquote><p><br>
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

By submitting this form, you accept the Mollom privacy policy.