Intel Capital has cut by a third the number of its listed portfolio companies, according to a regulatory filing covering the first three months of the year.
Out of more than 400 portfolio companies at Intel Capital, eight are listed, down from 12 in the final quarter of last year, with the three largest holdings still remaining as Micron Technology, VMWare and Clearwire, according to corporate venturing unit’s parent company’s regulatory filing last month.
Intel Capital still owns 45 million shares in Micron now valued at $516.2m compared to $360.9m at the end of the fourth quarter, 2.375 million worth $193.7m (as against $211.2m in Q4) in VMWare and 36.7 million in Clearwire worth $205m (versus $188.8m at the end of 2010). Clearwire has been one of the biggest venture investments after Intel Capital invested $600m in July 2006 as part of a $900m round but Intel said it was selling part of its holding.
The others are:
ASM INTERNATIONAL worth $10.9m;
HARMONIC worth $2.8m;
HISOFT TECHNOLOGY INTERNATIONAL worth $17m;
PACIFIC BIOSCIENCES worth $23.7m; and
PHOTRONICS, valued at $5m.
The four exits were:
LIMELIGHT NETWORKS previously worth $558,000;
LOGMEIN ($19.7m);
MOTRICITY ($5m); and
OPNEXT ($359,000);
The company has also listed China-based BCD Semiconductor in the first quarter but filed an amended 13F form excluding its 1.8 million shareholding worth $2.6m after "it was inadvertently included in the initial Form 13F for the quarter ended March 31, 2011".