Technology Industry
Industry: Email Alert RSS FeedIntel makes wireless investments. (Business).
RCR Wireless News, December, 2002
SANTA CLARA, Calif.-Intel Corp. continued its march to help grow the nascent market for Wi-Fi technology, announcing two new investments in companies operating in the space. The Intel Communications Fund announced funding for STSN, a visitor-based network access company, and TeleSym, an IP telephony software company.
Intel's funding efforts now cover three Wi-Fi companies. Intel announced plans to invest $150 million in companies pursuing Wi-Fi technology in October, and made its first investment in Cometa Networks earlier this month. "STSN's and Telesym's solutions will complement Intel's next-generation mobile technology, code named Banias, which will be introduced in the first half of 2003," said John Hull, director of the Intel Communications...
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