Intel to acquire Xircom for $748 million, gaining products for corporate networks

Article Abstract:

In a $25-a-share, $748 million, offer, Intel agreed to buy out Xircom in a bid to gain access to the corporate data communications market. Xircom's add-in cards allow mobile computing devices to connect with corporate networks. Xircom also announced lower than expected earnings for the quarter. The purchase price represents a 38% premium over the current $18-a-share price for Xircom.

Computer network equipment industry, Network hardware industry, Mergers, acquisitions and divestments, Xircom Inc., XIRC

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Intel is banking on Pentium 4 ads to revive sales

Article Abstract:

Intel Corp. is set to launch a $300 ad campaign for its Pentium 4 microprocessor. The ads were created by Messner Vetere Berger McNamee Schmetterer/EuroRSCG, and will feature the Blue Man Group, the performance-art group wearing blue face paint, that appeared in Intel's ads for the Pentium 3.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Microprocessor Chips, Advertising agencies, Microprocessor, CPUs (Central processing units), Microprocessors, Advertising, Advertising campaigns, Messner, Vetere, Berger, McNamee, Schmetterer/Euro RSCG, Intel Pentium 4 (Microprocessor)

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Agilent reports a hefty loss, plans job cuts

Article Abstract:

Agilent Technologies, a maker of test and measuring equipment, reported a third quarter loss of $219 million, or 48 cents a share. In response, the company announced 4,000 jobs cuts, accounting for 9% of its work force. The drop in income was caused by a sharp falloff in sales and orders. Agilent's shares fell 9% to $23.75 in after hours trading.

Instruments to measure electricity, Electronic Test & Measure Eqp, Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals, Instrument industry (Equipment), Finance, Testing and measuring equipment industry, Electronic test device, Electronic test equipment, Semiconductor production equipment industry, Agilent Technologies Inc.

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