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                                                     Filing by Intel Corporation
                           Pursuant to Rule 425 under the Securities Act of 1933
                             Subject Company: Excalibur Technologies Corporation
                                                     Commission File No.: 0-9747


The following material was used in connection with a meeting with certain
stockholders of Excalibur Technologies Corporation on May 10, 2000.


QUESTION AND ANSWER:


Q1    WHAT IS THE REVENUE FOR THE INTERACTIVE MEDIA SERVICES DIVISION? WHAT IS
THE REVENUE PROJECTION FOR THE NEW COMPANY? IS EXCALIBUR'S CURRENT REVENUE
PROJECTION OF $50M ON TRACK?

A1    Fees and revenues for Interactive Media Services for the past 12 months
were approximately $2 million. Excalibur's revenues for the last fiscal year
were approximately $38 million. It is Excalibur's policy not to comment on any
revenue projections. It is too early to give revenue projections for the
combined company. We are working with current Intel customers to get these
accounts and contracts transferred to the new company. If successful, these
contracts will provide a material contribution to the combined company's
revenues.

Q2    HOW DOES INTEL JUSTIFY THE VALUE OF THE INTERACTIVE MEDIA SERVICES
DIVISION?

Q2    RON - The Interactive Media Services business is home to a number of
valuable assets including people, technology, intellectual property, resources,
customers, and associations. Therefore, the value is really a function of the
capabilities that these assets provide.

      PAT INTERJECT - Ron is exactly right. Excalibur's strengths are in
multimedia content management. Intel's Interactive Media Services business
provides the capabilities for protecting high value content in an internet
setting. In considering this transaction we looked at the relationships,
resources, types of customers and cash needed to gain market segment share, and
looking at similar companies in this market segment, we could not identify
anyone else who could fulfill all our needs and a complete set of complementary
solutions as does Intel.

Q3    WHY DIDN'T INTEL JUST ACQUIRE EXCALIBUR?

A3    We felt that keeping the new business a separate public entity allowed us
the flexibility to move at a much faster pace. Time to market is key in this
market segment. Plus we felt that this structure was optimal for employee
motivation and retention.

Q4    DOES THE INTERACTIVE MEDIA SERVICES BUSINESS HAVE A WEBSITE?

A4    No. This business was formed only about a month ago by combining 3
separate business units. We expect to have a website in the near future.

Q5    WHAT'S BEEN THE RESPONSE FROM OTHERS IN THE INDUSTRY?

A5    So far we have talked with a number of customers, downstream distributors
and infrastructure players and the input has been positive to date. We are
continuing to engage in these discussions to derive maximum support for the new
company.

Q6    WHAT DO YOU PLAN TO DO WITH YOUR CASH, INCLUDING INTEL'S $150M?

A6    We are working on finalizing our business plan so it is too early to
speculate on specific uses of this cash. It is our intention to be the market
leader in the interactive media services market segment and we will use this
cash to best meet this objective.

Q7    WHEN DO YOU EXPECT TO BE PROFITABLE?


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A7    It is too early to tell; our focus will be to use the combined assets of
the new company to try and become the market leader in this exciting and fast
growing market segment. Keep in mind that because this transaction will be
accounted for using the purchase accounting method, we will have significant
goodwill associated with the deal that will be amortized over time. Also the
company intends to grant options to employees at attractive prices in order to
attract and retain key employees. This will result in incremental expenses.

Q8    HOW WILL YOU BE PROFITABLE?

A8    The business model going forward in the interactive media services area is
rapidly changing and we feel we have time to market advantages with the
combination of Intel's Media Services division and Excalibur. This is expected
to be a $16 billion market in 2004 and our goal is to be the market leader. We
believe no other company is currently positioned to provide as comprehensive a
set of solutions and products in this area. In the short term most of the new
company's revenues will derived from product licenses, however over time
services, both fee and revenue sharing, are expected to become a more
significant part of our business.

Q9    WILL INTEL SALES FORCE HELP THE NEW COMPANY ATTRACT ADDITIONAL CUSTOMERS?

A9    Yes, although we have no formal arrangements with the Intel sales force,
we hope to maintain a cooperative working relationship with them, which could
provide customer leads.


      Intel and Excalibur plan to file a joint proxy statement/prospectus and
other relevant documents concerning the merger with the Securities and Exchange
Commission (the "Commission"). WE URGE INVESTORS AND STOCKHOLDERS TO READ THE
JOINT PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED
WITH THE COMMISSION BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors
and stockholders will be able to obtain free copies of these documents at the
Commission's website at www.sec.gov.

      INVESTORS AND STOCKHOLDERS SHOULD READ THE JOINT PROXY
STATEMENT/PROSPECTUS CAREFULLY BEFORE MAKING A DECISION CONCERNING THE MERGER.

      Intel, Excalibur and their respective officers and directors may be deemed
to be participants in the solicitation of proxies from their stockholders with
respect to the transactions contemplated by the agreement and plan of
reorganization. Information concerning the participants in the solicitation will
be set forth in the joint proxy statement/prospectus when it is filed with the
Commission.

      This release contains forward-looking statements, which are based upon
current expectations or beliefs, as well as a number of assumptions about future
events. The reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to numerous factors
and uncertainties, including without limitation, business and economic
conditions and growth in the computing industry, continued success in
technological advances, costs related to the proposed merger, the inability to
obtain governmental approval of the proposed merger, substantial delay in the
expected closing of the merger and the risk that Intel's and Excalibur's
businesses will not be integrated successfully, any of which may cause actual
results to differ materially from those described in the statements. In addition
to the factors discussed above, other factors


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that could cause actual results to differ materially are discussed in Intel's
and Excalibur's most recent Form 10-Q and Form 10-K filings with the Commission.