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"I'm not dead yet"

Intel's Itanium processor had been written off as a failure in the marketplace many times over. Last year, Dell and IBM dropped their Itanium based servers and the processor has been facing stiffer competition from Sun Microsystems' UltraSparc, HP's own PA-RISC and IBM's Power.

Well, Itanium is now getting a new lease on life in the form of a $10 billion cash infusion from Intel, HP and various other "friends." 

Intel has already invested billions of dollars in Itanium, and the company declined to say what percentage of the latest $10 billion investment it would be providing. The investment is worthwhile, the company believes, because the mission-critical server market addressed by Itanium represents a $140 billion hardware opportunity over the next five years, and nearly 60% of the installed hardware in the segment is three years old or greater.





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