Intel on Prowl for New Investment, Acquisition Target

In the Asia-Pacific region, Bolt revealed that Intel is evaluating a number of proposals for investments and acquisitions in Australia.

Intel also believes India and China are key markets for investment opportunities, Bolt said.

A key investment criteria is whether companies can be competitive globally said Bolt.

Bolt also said that Intel is planning to extend its corporate business development division in the region, and may implement such a division in its Australian operations.

Intel has been working on expanding its product offering over the last five years, adding system components, PC motherboards and high speed communications hardware and software to its microprocessors and integrated circuits.

In his keynote speech at the Intel Developer Forum in Palm Springs, California last week, company President and CEO Craig Barrett said Intel in 1999 will add security features to its hardware to spur Internet-commerce applications.

This is a logical step, according to Nathan Brookwood, principal analyst at Dataquest Inc. Intel needs to promote applications that demand faster CPUs (central processing units) to persuade buyers to look at new machines, he noted.

"They are demonstrating lots of things to make PCs faster," Brookwood pointed out. However, applications that demand faster PCs are still lacking, he added.

As a result, Intel's effort to move users to faster PCs "is like pushing on a rope," Brookwood said.

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