SANTA CLARA, Calif., Aug. 9, 2006 Eicon Networks Corporation (“Eicon”) and Intel Corporation today announced that they have signed an agreement for Intel to sell the assets of its media and signaling business to Eicon.
The acquisition is expected to allow Eicon to become a leading player in the media processing and signaling market segment. The sale will enable Intel to focus its investments on its core communications and embedded businesses, including IntelÂ® Architecture and network processors, modular communications platforms and optical modules. The transaction is expected to close in approximately four to six weeks and is subject to regulatory review and normal closing conditions. Financial terms are not being disclosed.