Intel Communications Fund invests in two Wi-Fi companies

Intel Corporation recently announced that its Intel Communications Fund has

invested in two companies involved in Wi-Fi technology. The Intel Communications

Fund provided follow-on funding for STSN, a visitor-based network access

company, and provided funding for TeleSym, an IP telephony software company.

The Fund now has completed three investments in Wi-Fi companies since October

when Intel first announced plans to invest $150 million in companies pursuing

Wi-Fi technology. The first investment was in Cometa Networks.

"These investments are part of Intel's efforts to help accelerate the

deployment of high-speed wireless networks worldwide," says John Hull,

Director, Intel Communications Fund. "STSN's and TeleSym's solutions will

complement Intel's next generation mobile technology, codenamed Banias, which

will be introduced in the first half of 2003. Mobile computer users will have

real-time wireless Internet access from STSN-enabled hotel rooms and will be

able to do innovative things like turn their laptops into wireless speaker

phones with TeleSym's software."

STSN, based in Salt Lake City, Utah, is the leading provider of wired and

wireless high-speed data communications to hotels and conference centers

worldwide.

STSN's products enable high-speed data communications connections in more

than 1,20,000 guestrooms and 4,000 hotel meeting rooms worldwide.

TeleSym, based in Bellevue, Washington, develops software that delivers

high-quality, cost-effective voice communications over wireless enterprise

networks, enhancing the ways mobile workers communicate. The company's software

can be used on mobile PCs and personal digital assistants.

However, financial terms of the investments were not disclosed.

The Intel Communications Fund, managed by Intel Capital, was established in

September 1999 and focuses on accelerating Intel voice and data communications

initiatives. The $500 million fund will devote $150 million specifically for

investment in Wi-Fi companies worldwide. The Intel Communications Fund has made

more than 80 investments in 17 countries on five



continents.

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