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Old 06-07-2006, 10:30 AM   #24
tw
Read? I only know how to write.
 
Join Date: Jan 2001
Posts: 11,933
Early speculation suggested Intel would divest its memory division. Instead, on Jun 6, 2006 from CBSMarketWatch is a different part of Intel that may be divested. Intel spent up to $9billion to create this group that may sell for $1billion:
Quote:
Intel Corp. is in talks with several private investment firms and rival chipmakers to sell all or part of its struggling communication-chip businesses ...

Intel's communications group, which was split apart during a realignment of the company early last year, contributed $5 billion in sales in 2004 -- or 15% of Intel's total revenue that year. But it also posted an operating loss of $791 million. ...

Intel's push into the market for chips used in networking gear, cell phones and other devices has been a disappointment. During the late 1990s, the company spent more than $9 billion in cash and stock to beef up its line of communications-related products.

Intel is expected to hold onto its business that makes wireless chips used to connect laptop computers to the Internet, a market that has helped Intel post double-digit sales growth last year.
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