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CNET Merced gets its own venture fund

May 07, 1999, 20:35 (0 Talkback[s])
(Other stories by Stephen Shankland)

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"Intel will unveil an investment fund of about $250 million Monday to spur long-term adoption of its new 64-bit chip architecture, sources said today."

"Contributors to the fund include Intel and 'most of the important system vendors,' a list which likely includes Hewlett-Packard, Dell Computer, and Compaq Computer, sources familiar with the plan said today."

"The fund is geared to encourage start-ups to build products around the upcoming server and workstation chips as well as to encourage established companies, such as Internet service providers and software developers, to build products centered around the 'IA-64' bit architecture."

"Although Intel invests in many companies as a way to further its business, this fund is explicitly aimed at hardware and software companies whose products will speed the revenue flow from the new 64-bit Intel architecture."

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