Word: intel
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Dates: during 2000-2009
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Emblematic of this trend is Beaverton, Ore., credit union First Technology, whose motto is "Banking outside the box." First Tech's 116,000 members include thousands of young workers from firms such as Microsoft and Intel. On its website, members can do basic banking, apply for a mortgage or learn about insurance. "I probably visit the site every day," says member Erin Mulkins, 25, a manager at a mortgage broker who does all her banking at First Tech. "When I have a question about my account, I call, and I'm told immediately what's going on." Mulkins also earns...
...Brilliant is engaged in his most audacious climb yet. The business plan he wrote for Cometa Networks--a joint venture of AT&T, IBM, Intel and others--is every bit as obstacle filled as trying to cure smallpox or getting people to pay to talk to others via computer. Cometa's goal is to take a technology that is exploding in every major city in the U.S., Europe and the Pacific Rim--grass-roots wireless Internet service that is as accessible as any radio signal, and often as free--and figure out a way to make...
Fourteen months ago, after mulling a list of defunct Wi-Fi start-ups, Schell brought AT&T, IBM and Intel together to discuss a jointly funded $30 million Wi-Fi network blanketing 50 U.S. metropolitan areas. He dubbed the venture Project Rainbow. Each side could see the benefit: IBM sold approximately $1 billion in Wi-Fi services in 2002, Intel was looking for a way to get into the wireless chip game, and AT&T provided the communications backbone for 8 million road warriors. But as IBM's representative John Boutross remembers, the talks were initially very static: "These large...
...enabled. By 2005, analysts believe, that number will be more like 95%. Apple started things rolling in 1999 with its Wi-Fi system, known as AirPort, and in January unveiled a speedier upgrade called AirPort Extreme. Last month, in a bid to boost demand for laptops (and Intel processor chips), Intel released Centrino, a mobile technology that features a new microchip and a built-in Wi-Fi receiver...
Enter Larry Brilliant, who had been doing a little consulting for Intel. Brilliant knew the benefits and pitfalls of Wi-Fi, and he was accustomed to working with start-ups. (In the years since the Well, Brilliant had created 14 networks including his own failed Wi-Fi company, AirZone.) The pace of the discussion frustrated him. "It was harder to negotiate a treaty between these three elephants than between India and Pakistan," he says. Brilliant should know. He once brokered a subcontinental smallpox treaty in six weeks. Talks among Project Rainbow's founders over the nondisclosure agreement alone dragged...