Intel sells optical networking business to Cortina
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(InfoWorld) - A week afterÂ announcing 10,500 layoffs in a complete corporate reorganization, Intel Corp. has continued to trim the company, selling off another division. Intel sold its optical networking components division on Friday to Cortina Systems Inc., a maker of communications chips for telecommunications carriers. The sale will allow Intel to focus better on its core products -- PC chips, network processors, modular communications platforms and optical modules, Intel said Monday. Financial details of the sale were not disclosed, although some published reports put it at US$115 million. While the sale shrinks Intel to a smaller size, it won't necessarily result in more layoffs. Cortina, based in Sunnyvale, California, plans to employ "a significant number" of the engineering, operations and marketing employees in the division. Intel Chief Executive Officer Paul Otellini began the corporate restructuring in April, when he told analysts that the company would earn $9.3 billion for 2006, down from $12.1 billion in 2005. Since then, he has sold off two other business units, laid off 1,000 middle managers, shuffled top executives, and announced a plan to shrink the company from 102,500 people in the second quarter of 2006 to 92,000 people by the middle of 2007. The sale of the optical networking components division could add to the number of jobs lost. Intel did not specify how many workers it employs in that division, but the number is reportedly 120.
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Intel has released a version of Fibre Channel over Ethernet for Linux systems.
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Intel Corp. and Linksys, a division of Cisco Systems Inc., yesterday announced the delivery of software that the companies hope will simplify the deployment of Wi-Fi networks for residential and small business users.
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Hoping to accelerate the deployment of a new wireless technology, Intel Corp. announced Monday it&#39;s invested in a venture started by billionaire Craig McCaw to deliver high-speed Internet service over the airwaves.
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The private equity firm said it had agreed to buy an Indian back-office company, Intelenet Global Services Ltd., for an undisclosed sum.
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SAN FRANCISCO (CBS.MW) - Intel expanded the capabilities of its Centrino chips Thursday by introducing support for an additional wireless networking standard known as 802.
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A week afterÂ announcing 10,500 layoffs in a complete corporate reorganization, Intel Corp. has continued to trim the company, selling off another division. Intel sold its optical networking components division on Friday to Cortina Systems Inc., a maker of communications chips for telecommunications carriers.
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Intel Corporation signed a cross-licensing agreement with Nvidia Corporation, which allows Nvidia to make and sell chipsets for Intel Processor powered computers.
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Intel also unveiled a key optical design win with Emulex Corporation and a new compiler for storage applications. Intel introduced the 64 bit-capable Low Voltage IntelÂ® Xeonâ¢ Processor 2.8 GHz with 800
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INTEL CORP. and Hewlett Packard reached an agreement last week in which Intel will absorb the latterâs Itanium processor design team based in Ft.
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Broadband wireless carrier Clearwire and Intel Corp. said they will join forces to develop and deploy WiMAX wireless broadband networks.
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Chipmaker is moving forward in networking and storage after nearly two years of reorganizing its chip business.
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SAN FRANCISCO - Hewlett-Packard Co. (HP) is getting out of the chip-making business. The Palo Alto, California, company on Thursday announced that it reached an agreement with Intel Corp. that would see HP's Itanium processor design team move to Intel in January. The agreement effectively puts an end to the last microprocessor development effort within the company.
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HP has ended its development of the Itanium chip and handed the work back to Intel. The chip giant has taken over HP&#39;s 300-strong Itanium development team, based in Colorado, in a move that brings to an end
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The networking giant has agreed to buy WiMax base station maker Navini Networks for $330 million.
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Intel has slashed prices across the board as it prepares to get behind new processor lines due this autumn. The Itanium server line has seen cuts of over 30 per cent, while prices for Intel&#39;s fastest business
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New component will help next generation of Intel's wireless chip reach full audience for Wi-Fi.