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Xircom pledges its business as usual

Xircom pledges its business as usual

It will be business as usual within Xircom's Australian and New Zealand operations despite Intel's announcement last week that it will purchase the PC and networking card vendor in a $US748 million deal.

Intel this week announced it had entered into an agreement to acquire Xircom for $25 per share as approved by Xircom's board of directors. When the deal is completed - believed to be in around eight week's time - Xircom will become a wholly owned subsidiary of the chip giant as part of its network communications group.

Although still early days for the deal, Xircom's newly appointed country manager Jeremy Fox says he remains confident the buyout will strengthen the company's presence in the market.

"As far as the company is concerned, Xircom will continue to be a separate entity even when the deal is consummated," he said. "The issue for our resellers is that Xircom's channel will continue to get the same loyalty and support of its products, and it is going to be business as usual."

It is likely Xircom will retain Xircom staff within Australia. It will also assume all existing vested and unvested employee options under the deal.


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