IRVINE, Calif., May 30, 2000 (PRIMEZONE) -- IBC reported today that Gateway (NYSE:GTW) said it would use a processor from chip maker Transmeta to run Web appliances it is making with America Online (NYSE:AOL). Gateway said it tapped Transmeta to provide the operating system for the products, turning away from the combination of Intel (INTC:Nasdaq) hardware and Microsoft (Nasdaq:MSFT) software.
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IBC Inc.'s business model is an innovative twist on traditional venture capital companies. Similar to Idealabs!, IBC is an e-business development bank that consults, incubates, develops, and grows global emerging growth companies in exchange for equity. IBC provides turnkey operational solutions to deriving revenues and enhancing public awareness for its partners by implementing advertising, marketing, media placement, strategic partnerships, and branding strategies.