THE CUTTING EDGE/TECHNOLOGY NEWS : Intel Agrees to Buy Software Firm NetBoost

Intel said it has agreed to acquire NetBoost Corp., a privately held company whose software is used in devices that manage data traffic in computer networks. Terms of the deal were not disclosed, but Intel had previously invested several million dollars in the 2-year-old Mountain View, Calif., company. Intel is the world’s largest maker of microprocessors for personal computers. But the Santa Clara, Calif., company has also set its sights on the booming market for chips used in switches and routers--the devices that control data traffic on the Internet.