A company which has software allowing PCs which have been mislaid or stolen to be found has had an injection of equity from chip giant Intel. The company, Absolute Software, has a piece of software equity called Computrace. Intel has for many years researched the problem of PCs, or even processors, that have been mislaid, stolen or even mysteriously crossed international borders through the so-called grey market. Many chip distributors have high on their wish list for Intel that processors had such a tracking system. The move is interesting for several reasons. IBM and Intel have cooperated for a while on technology which will alert network administrators if members of staff mislay PCs by walking out of the door with them under their arm. Notebook PCs are particularly vulnerable to this type of mistake on employees' behalf but the IBM-Intel technology which exists only works if desktops walk out of the door erroneously. Intel confirmed it had taken a share. It will have an observer on the privately-owned company's board. But a representative said that it had many investments in many different types of company. For example, it has a share in news service CNET, which yesterday reported a profit. ® Click here for more stories AMD is not an investor in The Register