Intel is investing $US30.5 million in PictureTel, and the two companies also have signed a worldwide videoconferencing distribution and production development deal.
The companies will work on PC-based products incorporating a range of technologies and markets, including DSL (digital subscriber line) technologies, broadband, cable modems and next-generation Internet, companies' officials said this week. The two also will work on videoconferencing and collaboration products using PC-based technology. The technology will allow collaboration over LANs (local area networks), real-time conferencing and streaming audio and video.
PictureTel will sell the Intel ProShare Video System 500 and have exclusive global distribution rights to sell and support the Intel TeamStation System as part of the deal. PictureTel will offer maintenance support for the Intel offerings.