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“But just two weeks before VESA was planning to announce what it came up with, Intel floored the VESA local bus committee by saying it won’t support the technology after all.”

Ernie Smithspectrum.ieee.org ↗

Virtually everyone expected VESA’s VL-Bus to become the local bus standard. Then Intel wrote that supporting it “was no longer in Intel’s best interest.” Its Intel Architecture Labs had been developing PCI since 1990, two years before the rejection. A standard still inside PCs three decades later started as a double cross.