Intel to buy Compaq's Alpha chip operations

Compaq Computer on Monday will sell its Alpha processor operation to Intel.The deal, to be announced Monday morning, comes as Compaq looks to consolidate its operations.

Compaq Computer on Monday will sell its Alpha processor operation to Intel.

The deal, to be announced Monday morning, comes as Compaq looks to consolidate its operations. Intel gains valuable intellectual property from Compaq for use in its chips, while eliminating a potential competitive threat to its Itanium processor.

Details to follow. --Joe Wilcox, Special to ZDNet News