Mangosoft Lands Deal with Intel

Mangosoft Lands Deal with Intel

The following is an excerpt from an Internet.com article from March 15, 2000.

Mangosoft Corp. (OTC BB: MGOF), a Westborough software firm, has inked a deal to include its caching technology in an Intel Corp. (Nasdaq: INTC) product targeted at small business buyers.

Mangosoft's "CacheLink" software will be made part of Intel's "InBusiness Internet Station 56K." The software is designed to speed Internet connections of personal computers linked in small networks, as in many small and mid-sized businesses.

CacheLink stores frequently viewed websites in a network "pool," then allows network users to view cached versions of the sites from the pool rather than through the Internet each time. Mangosoft says the product delivers 40 times faster than non-cached 56K modem connections, and scales to work with large numbers of PCs within a network.

Under terms of the deal, Intel will absorb the $7 per-unit cost without raising the price of its InBusiness product.

Lee Cormier, product line manager of Intel's small business networking operation, said "With Mangosoft's CacheLink software, we are able to exponentially enhance the speed at which our small business customers can access the Internet, and therefore increase their productivity and visibility as part of the Internet economy".

Scott Davis, Mangosoft's chief technology officer, said, "The integration offers an ideal solution for small businesses that need higher-speed Internet access to obtain the right information as fast as possible".

In morning trading, Mangosoft's share price was down 6 percent at $20.25, while Intel was up 3 percent at $121.06.

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