Intel Reports Progress On Xircom Acquisition

SANTA CLARA, Calif., March 2, 2001 — Intel Corporation today announced that Xircom, Inc. has met the financial obligations that were conditions for closing Intel’s acquisition of Xircom. Intel expects to close the acquisition promptly after the expiration of the tender offer as scheduled at 5 p.m. EST today. This assumes that 90 percent of the outstanding shares of Xircom common stock are tendered and other standard closing conditions are satisfied.

Read News Release

About Intel

Intel (NASDAQ: INTC), a leader in the semiconductor industry, is shaping the data-centric future with computing and communications technology that is the foundation of the world’s innovations. The company’s engineering expertise is helping address the world’s greatest challenges as well as helping secure, power and connect billions of devices and the infrastructure of the smart, connected world – from the cloud to the network to the edge and everything in between. Find more information about Intel at newsroom.intel.com and intel.com.

Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.

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