Intel, GE Form Health-Care Alliance

Intel Corp. and General Electric Co. announced an alliance to develop and sell technology to help care for the elderly and chronically ill in their homes.

Intel Chief Executive Paul Otellini and GE Chief Jeffrey Immelt Thursday pledged to invest more than $250 million over five years on research and development associated with the effort.

Among other things, GE will sell and market a system called the Intel Health Guide, which is designed to help patients to track their health and provide data about their conditions over the Internet to doctors

To read more, surf on to The Wall Street Journal

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