Brief: Intel to Purchase Telecom Supplier

FRAMINGHAM (08/18/2000) - Intel Corp. has entered into an agreement to acquire privately held Ziatech Corp. for US$240 million. San Luis Obispo, Calif.-based Ziatech designs and sells Intel-based circuit boards, hardware platforms and development systems aimed at telecommunications equipment makers. Ziatech will be a wholly owned subsidiary of Intel, and its 200 employees will become part of Intel's communications products group. Ziatech's customers include LM Ericsson Telephone Co., Copper Mountain Networks Inc., Lucent Technologies Inc., Marconi Corp., Redback Networks Inc. and Nortel.

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More about Copper Mountain NetworksEricsson AustraliaIntelLucentLucent TechnologiesMarconiRedback NetworksZiatech

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