Intel Successfully Completes Xircom Tender Offer

SANTA CLARA, Calif., March 8, 2001 — Intel Corporation today announced the successful completion of its tender offer for all outstanding shares of common stock of Xircom, Inc. As of the expiration of the tender offer at 5 p.m. EST yesterday, the shares tendered, together with those already owned by Intel, totaled 27,343,805, representing approximately 91 percent of the outstanding shares of Xircom common stock. This total, together with 2,264,879 shares subject to guaranteed delivery, equal approximately 98 percent of the outstanding shares.

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