Intel slots Xircom into acquisition strategy

Intel has agreed a deal to buy mobile computing technology manufacturer Xircom in a deal valued at around $748m.

The acquisition of Xircom is seen as a move to strengthen Intel's presence in the mobile computing arena. Mark Christensen, vice president and general manager of Intel's Network Communications Group, said: "Xircom's strengths in small-form-factor design combined with our silicon expertise will allow us to provide customers with new and innovative solutions for linking mobile computing devices to corporate wired and wireless networks." Intel already held a 6 per cent stake in Xircom before the announcement. Xircom lost $2.46m in the quarter ending 31 December.