Intel sells off Trillium assets

Zardon · Jan 15, 2003, 07:06 PM

INTEL HAS SOLD the rights to software products from its Trillium Digital Systems subsidiary to Continuous Computing for an undisclosed sum, Continuous said in a release Monday. Trilllium makes software for telecommunications and broadband Internet products.

The transaction reflects Intel's recent moves to divest some of the fringe pieces of its business. The company has sold off its LANDesk division and Web hosting business over the last six months in an effort to refocus its activities on chip design and production, which seem to have paid off, based on the company's fourth-quarter results, which exceeded its expectations and were announced Tuesday.

Intel bought Trillium, based in Los Angeles, in August of 2000 for $300 million.

Some of Trillium's software engineers, salespeople and support employees will be offered jobs with Continuous, which is based in San Diego, it said in a statement. Tom Krazit

Jan 15, 2003, 07:06 PM	#1
Zardon DriverHeaven Founder Join Date: May 2002 Posts: 32,480 Rep Power: 177	Intel sells off Trillium assets INTEL HAS SOLD the rights to software products from its Trillium Digital Systems subsidiary to Continuous Computing for an undisclosed sum, Continuous said in a release Monday. Trilllium makes software for telecommunications and broadband Internet products. The transaction reflects Intel's recent moves to divest some of the fringe pieces of its business. The company has sold off its LANDesk division and Web hosting business over the last six months in an effort to refocus its activities on chip design and production, which seem to have paid off, based on the company's fourth-quarter results, which exceeded its expectations and were announced Tuesday. Intel bought Trillium, based in Los Angeles, in August of 2000 for $300 million. Some of Trillium's software engineers, salespeople and support employees will be offered jobs with Continuous, which is based in San Diego, it said in a statement. Tom Krazit