Intel buys Xircom

The all-cash transaction is valued at $US748 million, the companies said in a joint news release. Intel will pay $US25 per Xircom share, a 38 per cent premium over Xircom's $US18.06 close on Friday, and assume all existing employee options.

Xircom is a supplier of PC modem and network cards to connect mobile computers to corporate networks and the Internet.

The acquisition complements Intel's existing network access businesses because it now will be able to provide products for notebook and mobile computing, Intel said. Xircom will become a subsidiary of Intel, and the organisation will be part of Intel's Network Communications Group.

"Xircom's strengths in small-form-factor design combined with our silicon expertise will allow us to provide customers with new and innovative solutions for linking mobile computing devices to corporate wired and wireless networks," Mark Christensen, Intel vice president and general manager of Intel's Network Communications Group, said in the release.

Intel expects the acquisition to be completed in the first quarter of this year. The board of directors of Xircom has approved the definitive agreement and has unanimously recommended that Xircom stockholders tender their shares.

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joris Evers

PC World
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?