Intel Sells Its Media and Signaling Business to Eicon

[Pinnacle]

In another move that is part of the Intel reshuffling of priorities and personnel, the chip giant has cut a deal with Eicon Networks Corporation, with Eicon acquiring Intels' media and signaling business. The business unit contains roughly 600 employees and Intel said in a press release that it expects most of these employees to become full time employees at Eicon. Intel mentioned that it will continue to work with Eicon.

http://www.dailytech.com/article.aspx?newsid=3779

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This means that Intel's Ethernet design group is gonna basically get held back for the next few years