Intel To Acquire Shiva Corporation

HILLSBORO, Ore. and BEDFORD, Mass., Oct. 19, 1998 – Intel Corporation and Shiva Corporation today announced they have entered into a definitive merger agreement. The acquisition is aimed at rapidly expanding Intel’s networking product line with remote access and virtual private networking (VPN) solutions for the small to medium enterprise market segment and the remote needs of campuses and branch offices. The agreement states that each share of Shiva stock, other than shares held by stockholders who exercise statutory appraisal rights, will be converted into the right to receive $6 per share in cash.

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