Computer tech pioneer Max Palevsky dies

Financier, philanthropist was Intel founder, director

Computer technology pioneer and venture capitalist Max Palevsky, perhaps best-known for funding then-startup chipmaker Intel Corp., has died. He was 85.

His wife, Jodie Evans, said Mr. Palevsky died of heart failure Wednesday at his Beverly Hills home.

The early high-tech pioneer turned mainframe computer builder Scientific Data Systems into an industry powerhouse that he sold to Xerox for $1 billion in 1969.

The billionaire financier and philanthropist then became a founder and director of chipmaker Intel.

Over the years, Mr. Palevsky helped finance then-fledgling Rolling Stone magazine, bankrolled movies, was a political activist and built a renowned art collection that transformed the Los Angeles County Museum of Art.