Financial Announcement from Intel

Intel Corp. (NASDAQ: INTC) has formed a wholly-owned subsidiary called Intel Federal LLC to pursue new business opportunities with the U.S. government. The company appointed Dave Patterson,  former president and CEO of Siemens Government Services (NYSE: SI), as Intel Federal’s president. Patterson most recently was president and CEO of fiber optic and IP firm Optelecom-NKF. Intel Federal will focus on high

Intel (NASDAQ: INTC) has invested $30 million to build two science and technology centers that will expand its cloud computing capabilities. Researchers will explore built-in application optimization, big online data analytics and cloud distribution and localization. The centers are part of a five-year $100 million program designed to increase university research and accelerate innovation in certain “key” business areas.

A slate of top IT firms, including Eucalyptus Systems of HP’s Eucalyptus Systems (NYSE: HPQ), IBM (NYSE: IBM), Intel (NASDAQ: INTC), Red Hat Inc. (NYSE: RHT) and BMC Software (NASDAQ: BMC) have joined forces to promote the Open Virtualization Alliance, a consortium devoted to the adoption of open virtualization technologies including Kernel-based Virtual Machine. KVM,