Intel Targets Wireless LANs

By Sushuma February 23, 2000 3:12 PM

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(IDG)-Intel and Symbol Technologies have forged a multiyear pact to codevelop products for use in high-speed wireless networks.?Intel also says it plans to invest $100 million in the smaller firm.?The fruits of the effort should allow mobile, handheld and desktop computers to communicate with corporate networks and the Internet without requiring a direct wire connection.?Specifically, the companies plan to develop silicon chips, network adapters and "access points" - devices that will serve as base stations or gateways to wireless networks - for use in high-speed LANs.?Intel also plans to sell the underlying silicon chips for building these capabilities into other products, the company says.?Intel's $100 million investment in Symbol, equaling about 1.4 million shares, will give it an ownership stake of about 1.5%, the company says.?The deal also includes an option for Intel to purchase a portion of Symbol's Wireless division.?Specific financial terms of the accord were not disclosed.?More ...

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