"Intel is not partnering"??? That's a funny (read: wrong) way of saying "Intel not participating in the latest round of funding, but reserves the right to do so at a later date, and in the event it does choose not to participate it's current 50% stake is reduced to 30%"
This is it's stake/right to the output of IMFlash. It says nothing about the other aspects of the partnership (e.g. R&D, IP) - all of which remain intact... unless of course you are referencing insider information the public is not yet privy to. Are you??? I doubt it very much.
Thanks for coming out.