TECHNOLOGY / MORE ON TECH : Intel to Buy Stanford Unit

Intel Corp. agreed to buy the telecommunications components unit of Stanford Telecommunications Inc. for an undisclosed cash price to supply more parts for high-speed Internet access. The Stanford unit, which provides silicon components for cable modems and television set-top boxes, has about 30 employees. Separately, ITT Industries Inc. agreed to buy Stanford’s space and defense business for $191 million in cash. The unit had 1998 sales of $121 million and employs 800. White Plains, N.Y.-based ITT Industries said the acquisition will allow it to design satellites as well as operate them following the purchase.

Sunnyvale, Calif.-based Stanford is selling assets as part of its $490-million agreement to be purchased by Canadian networking-equipment maker Newbridge Networks Corp.