On May 10, 1999 Intel announced the formation of the Intel 64 Fund.

The Intel 64 Fund is an approximately $250 million dollar equity fund investing in technology companies developing innovative enterprise solutions for IA64-based servers and workstations beginning with the Merced processor. Co-investors in the Intel 64 Fund include Compaq, Dell, HP, Intel, NEC, and SGI with Intel coordinating the Fund activities. The Fund_s other investors, managed by Morgan Stanley Dean Witter, include SunAmerica, Bank of America, Circuit City, Ford Motor Company, General Electric, McKesson/HBOC, Morgan Stanley Dean Witter, Reuters, Sabre, SmithKline Beecham, Sumitomo Corporation and Telmex. Intel will work closely with the other investors to identify potential portfolio companies and actively support their product development activities once an investment is completed. The Intel 64 Fund will invest in innovative companies developing tools and technologies for Internet, enterprise and workstation solutions. Example application areas include e-commerce, Internet infrastructure, advanced enterprise resource planning, design automation, financial applications and services. Fund investments require a commitment to develop optimized products for IA64 starting with the Merced processor running on shrink-wrap operating systems such as Win64, Modesto, Monterey UNIX and Linux. As part of this investment program, the Intel 64 Fund creates regular opportunities for high-level interaction between portfolio companies and Fund investors. This interaction is intended to foster dialogue as to how portfolio company products can better meet the requirements of tomorrow_s demanding IT environment utilizing IA64-based platforms. The Intel 64 Fund has also established an advisory committee including leading venture capitalists Jim Breyer of Accel Partners and Rick Kimball of Technology Crossover Ventures. They will provide regular feedback and guidance on the Fund_s direction as this unique investment program moves forward.