e.Digital Corporation (fka EDIG)

[Tenderloin]

Intel Fund invests in two Wi-Fi firms
20 Dec 2002

Intel Corp. has announced that the Intel Communications Fund has invested in two companies involved in Wi-Fi technology: STSN, a visitor-based network access company, and TeleSym, an IP telephony software company.
To date, the Fund has completed three investments in Wi-Fi companies since October when Intel announced its 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," said John Hull, director of the 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."