Intel Communications Fund Invests In Two Wi-Fi Companies

SANTA CLARA, Calif., Dec. 18, 2002 - Intel Corporation today 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 announced plans to invest $150 million in companies pursuing Wi-Fi technology. The first investment was in Cometa Networks, which announced its initial round of financing Dec. 5.

"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."

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 120,000 guestrooms and 4,000 hotel meeting rooms worldwide. Intel Capital first invested in STSN in 1999. For more information about STSN, visit www.stsn.com.

TeleSym, based in Bellevue, Wash., 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. For more information about TeleSym, visit www.telesym.com.

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. For more information about the fund, visit www.intel.com/capital/portfolio/funds/icf.htm.

Intel is a registered trademark of Intel Corporation or its subsidiaries in the United States and other countries.

* Other names and brands may be claimed as the property of others.