Feeds

Intel takes on Olicom R&D team

The Danish fire sale continues

  • alert
  • submit to reddit

The essential guide to IT transformation

Olicom, the moribund networking equipment vendor, has sold its 220-strong R&D team to Intel for an undisclosed sum. Intel has an affinity with Denmark and networking: in 1997 it stumped up £46 million for the Danish operations of Case,(the rump of which is now called Anite) to take it into Fast Ethernet for the first time. Through Olicom’s R&D team, Intel gains new staff in Copenhagen and Gdansk, in Poland. But technology? We'll let you know as soon as someone tells us. All that’s left of Olicom is a controlling stake in a company called Digianswer. Olicom says it expects to sell this share for a substantial premium to book value. Which is not saying much. As group book value is currently hovering around zero. Following the disposal of the Diginswer business, Olicom will become a shell company. Earlier this month, it sold its major going concern, the Token Ring business, to rival player Madge for $15 million cash and unspecified royalty payments for three years. ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.