Intel says it has acquired Rivet Networks [MarketWatch]
Intel Corporation (INTC)
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Source: MarketWatch
Intel Corp. on Wednesday announced it has acquired Rivet Networks to boost WiFi offerings for its PC products. Terms were not disclosed. In making the announcement, Intel executive Chris Walker noted that households, on average, have 11 WiFi-enabled devices. What is more, he said, Comcast Corp. has reported that WiFi-connected video calls and video conferencing have increased over 283% in recent months, and Charter Communications Inc. says more than 90% of the traffic on its ISP network is WiFi-based.
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