Intel sells media, signaling business

Dragging its spring cleaning well into the summer, Intel has sold its media and signaling business to Canadian communications company Eicon Networks. Based in Montreal, Quebec, Eicon develops hardware and software aimed at applications like voice over IP, fax, and conferencing. Intel's sale to Eicon will include product lines Intel acquired from Dialogic in 1999, as well as Host Media Processing software and blade servers, and Intel's Signaling System 7, Private Branch Exchange integration, and gateway solutions. Intel's media and signaling business currently employs a staff of around 600, a "significant number" of whom are expected to find jobs at Eicon. The sale will complete in four to six weeks, but neither Intel nor Eicon have decided to reveal financial details behind the transaction just yet. This move follows Intel's sale of its XScale communications and applications processor business to Marvell for $600 million.
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