Daily Hotspots for 04/19/2002
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Magis Networks, Inc., a fabless 802.11a chipsets maker, today announced it has capped its $40 million Series B round with a strategic investment from AOL Time Warner Ventures. AOL Time Warner Ventures joins strategic investors Hitachi, Motorola, Panasonic, and SANYO in Magis' Series B round of funding. All three of Magis' Series A venture funds including Paul Allen's Vulcan Inc., Bay Partners, and Crescendo Ventures also participated in this current round, along with WK Technology Fund and China Development Industrial Bank. "The ability to deliver video wirelessly is a promising opportunity and supports our objective of making interactive services widely accessible and easy to use. We were attracted by the capabilities of Magis' Air5 system in delivering multimedia and Internet services within the home and office," said Len Leader, President of AOL Time Warner Ventures. Also, be sure to check out our recent feature on Video over 802.11 networks.
Intel Corp.'s President and COO Paul Otellini, speaking at the Windows Hardware Engineering Conference (WINHEC) yesterday, announced the company's vision for the integration and convergence of communications and mobile computing platforms. Intel's Banias platform, which is the current name for its future mobile platform, was demonstrated publicly for the first time. The Banias platform is expected to make its public debut in the first half of 2003. The platform is expected to concretize the paradigm shift envisioned by Intel in the move away from the notion that performance and innovation are measured by sheer processing power. Banias systems will be 802.11-enabled. The new concept is that communications and computing are inseparable, and that the devices built to perform such functions will be optimized for both - including longer battery life, thinner and lighter form factors, and seamless wireless connectivity.
Matthew Peretz is Managing Editor of 802.11-Planet.com