Intel to Sell Verizon its Web TV Project

Oct 30 2013, 10:28am CDT | by , in News | Technology News

Intel to Sell Verizon its Web TV Project
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Intel is planning to sell off its Web TV project called OnCue IPTV to Verizon. It has had enough of the television business which didn't particularly suit Intel in the first place.

Intel is about to scrap its OnCue IPTV project. And the remainder left over after the partial death wish will get sold to Verizon. The wait for the Web TV seemed to last forever. Finally, the whole venture was left in the lurch. Currently, Intel which manufactures some very fine microchips is in parleys with Verizon. It wants to rid itself of this Frankenstein’s Monster of sorts. 

As a giant red hub, Verizon is interested in the deal. Intel meanwhile was the kind of its castle once upon a time. But today it is a different story. The vanishing of economic influence and paucity of CEO facilitation has left Intel in the dumps. That may be one reason it is so desperate to be rid of the white elephant that is its Web TV project. 

The deal of handing over OnCue IPTV to Verizon may  prove to be a success after all. The network may benefit from the research and development that is a part of Web TV. Intel Media is the package that Verizon has shown enthusiasm for. And although the talks are ending on a positive note, one never knows what the future holds in store for Intel. The sale of this project will mark a milestone in Intel’s journey. In fact, it may as well prove to be a turning point in the company’s history.

Source: AllThingsD

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