Intel beams $11.5 million to mobile carrier VMAX
Taiwanese mobile carrier VMAX has nabbed $11.5 million investment from Intel Capital (the venture capital branch of Intel). The money has yet to change hands, but should give VMAX the push it needs to launch the country’s first mobile WiMAX network in early 2009. It also represents a 20 percent stake in the company for Intel.
Concurrently, Intel has struck a deal with the Taiwan Ministry of Economic affairs to build a laboratory facility for the… Continue Reading
Roundup: Google stealing? Goog-411, Sansa Connect and more
Here’s the latest action:
Sam Zell, soon one of the largest U.S. newspaper publishers, says Google “steals” — The magnate, who recently agreed to acquire the Tribune Co., told a gathering at Stanford University Thursday: “If all the newspapers in America did not allow Google to steal their content for nothing, what would Google do, and how profitable would Google be?” This is remarkable, and could foreshadow a legal showdown, especially when Zell begins to realize how… Continue Reading
Intel Capital appoints leaders of its consumer and manufacturing, memory and health units
Intel Capital, Intel’s venture capital organization and one of the largest investors in private companies, ha appointed two new vice presidents.
Angela Biever becomes vice president, Intel Capital and managing director of the consumer internet investment unit. She has worldwide responsibility for Intel Capital’s venture capital investments in consumer-related Internet businesses and technologies and is a member of Intel Capital’s investment committee, the company said.
Keith Larson, meanwhile, is vice president, Intel Capital and managing director… Continue Reading