Marvell paying &#36;600M for Intel unit
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Intel Corp., facing slowing demand for personal computers and stiffer competition, is selling its division that makes processors for handheld devices in a &#36;600 million deal announced Tuesday with Marvell Technology Group Ltd.
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Third-quarter revenue was $8.47 billion, up 8 percent from last year's third-quarter revenue of $7.83 billion. Intel shipped a record number of processors in the quarter, but it had forecast even higher growth coming off of its second-quarter earnings conference call.
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Imagination Technologies Group Plc  said on Monday it had signed licensing agreements with Intel Corp.  and Texas Instruments Inc. .
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Arch Wireless Inc. can complete its &#36;367 million acquisition of Metrocall Holdings Inc.
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$2bn bid to save WiMAX It looks like Intel has saved American WiMAX from certain destruction.â¦
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(Intel corrects information in headline and first paragraph  to show the company values the training program at $300 million  over four years; it has not said how much it will spend on the  program)
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The iPaq 210 comes with a Marvell processor that still looks remarkably like an Intel XScale chip.
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SAN FRANCISCO - Intel Corp. has cut prices on its computer chips by as much as 35 percent, though analysts on Monday said the cuts were probably unrelated to swelling inventories of the world&#39;s largest chip maker.
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British defense firm BAE Systems has agreed to pay $600 million (333.7 million pounds) for DigitalNet Holdings, a maker of secure Pentagon computer networks, the companies say in a weekend statement.
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INTEL, the worldâs largest company making computer microchips, said it expected a much better performance in the first half of next year.
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Shares of the Marvell Technology Group gained yesterday after the company said second-quarter earnings tripled as revenue rose 54 percent.
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Intel plans to invest $40 million in Neusoft Group as part of a deal that will see the Chinese software vendor optimize its products for Intel microprocessors.
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By Mark Fagan, Journal-World, Lawrence, Kan.  Dec. 12--Lawrence's largest private-sector employer is getting a new  owner as part of a $600 million deal designed to speed the company's existing  plans for growth.
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Intel Corp.  detailed  plans on Tuesday to team up with Asustek Computer Inc.  , the world's largest maker of computer motherboards,  to make a notebook PC that would cost as little as $200 aimed  at the education market in developing countries.
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Intel Corp. INTC.O, the world's  largest maker of computer chips, said on Wednesday it would  double its quarterly dividend to 8 cents a share, the second  time this year it has doubled its cash payout.
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By Bob Shallit, The Sacramento Bee, Calif.  Dec. 13--Employees at Intel's Folsom campus are buzzing over the possible sale of another of the company's local business units -- this one with hundreds of workers.
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Intel resigned from the&#160;One Laptop Per Child Project&#39;s board of directors&#160;after refusing a request to abandon its Classmate PC program, according to a source familiar with the situation.Intel&#39;s departure from OLPC&#39;s board means that an effort to build a version of the project&#39;s XO laptop based on an Intel processor is over, the source said.Intel&#39;s Classmate PC is a low-cost laptop designed for students in developing countries and competes against OLPC&#39;s XO laptop, which is based on a microprocessor from Advanced Micro Devices (AMD). Intel and OLPC agreed in July to work together on the development of technology for low-cost laptops and to stop disparaging each other&#39;s laptop offerings.As part of that agreement, Intel got a seat on OLPC&#39;s board of directors and the two sides began to discuss building a version of the XO based on an Intel processor. At the same time, OLPC also explored the possibility of using an Arm processor from Marvell in yet another version of the XO.But during discussions in the months following the July deal, OLPC founder Nicholas Negroponte insisted that Intel abandon the Classmate PC effort in favor of throwing its support behind OLPC&#39;s XO device, the source said. But the Classmate PC is undergoing tests in several countries and Intel was not prepared to walk away from those efforts, according to the source.Intel spokesman Nick Jacobs confirmed that the company and OLPC had parted ways, but declined to comment further on the matter. Negroponte and other OLPC executives could not immediately be reached for comment.OLPC has struggled to win orders for the XO laptop. A rising price tag -- now close to US$200, instead of $100 as originally planned -- hasn&#39;t helped the group make inroads with cash-strapped governments in developing countries.