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August 31st, 2005
Passave Prepares IPO – Revenue on Fast Track to $40 Million
Passave Inc. has filed a registration statement with the Securities
and Exchange Commission for an initial public offering (IPO) of its common stock. Merrill Lynch & Co will be manager for
the offering. According to the IPO, Passave recorded $19.0 million in sales for the first six months of 2005. For all of 2004,
revenue was reported at $21.1 million and increase over 20 fold from 2003 levels of $0.897 million. Major customers for the
company’s chips include UTStarcom, Mitsubishi Electric and Electronics USA and Sumitoma Electric.
Passave
designs and markets chips for the Ethernet Passive Optical Network (EPON) market, a high-speed solution to the last mile Internet
problem. Passave solution effectively brings an Internet freeway on-ramp to the door of residential users, effectively bypassing
the local slow-speed DSL and dial-up internet streets. Passive optical network solutions obtain communications speeds in the
order of 2.5 Gbps over a distance of 20 kilometers.
August 24th, 2005
Broadcom Ships 75 Million Gigabit Ethernet Controller Chips
Broadcom Corporation (NASDAQ: BRCM), has reported that it has shipped
its 75 millionth Gigabit Ethernet (GbE) controller chip during the third quarter of 2005. Broadcom’s GbE controller
chips include its line of NetXtreme I and NetXtreme II chips. The chips are used in desktops, notebooks and workstations.
August 18th, 2005
Huawai-3Com selects Passave’s
EPON Solution
As a sign that Fiber-to-the-Home (FTTH) will soon appear in China,
Passave has reported that Huawai-3Com has selected Passave’s Ethernet Passive Optical Network (EPON) chips for use in
its Quidway S6500 Series Switch products - a line of products designed to provide data, voice and voice over fiber Gbps transmission.
The Quidway is expected to lower EPON based broadband service costs.
Passave’s EPON chip solution is credited with permitting Huawai-3Com
to expedite product development time. According to Xiang Ying Cao, vice president of Huawei-3Com, "We view gigabit-EPON technology
as one of the most advanced and mature solutions for delivery of access networks. By cooperating with Passave, we are able
to develop mature gigabit-EPON solutions for the Quidway switch product line in a very short time frame. This move has allowed
Huawei-3Com to maintain a leadership position within the industry and to drive down costs."
Passave, an EPON chip company, since its founding in 2001 has shipped
over five million ports of FTTH silicon. The company with 100 employees has deployed optical line terminal and optical network
unit devices in volume in Japan through the country’s major carriers.
August 12th, 2005
Cortina Ports $30 Million in Series
C Financing
Cortina Systems, a fabless semiconductor company that offers multi-service,
multi-rate port processors based on analog and digital technology, has secured $30 million in a Series C round of financing.
Lead funding participants included Canaan Partners and JAFCO Ventures. Cortina’s existing investors also contributed
to the round.
Differentiating Cortina’s product from other integrated circuit
solutions is that its port processors can be programmed to support different communications rates and protocols. Cortina indicates
that this gives equipment vendors the capability to easily adapt the processor for different equipment for different applications,
enabling network equipment companies to reduce engineering costs and reduce time to market. The port processors support different
types of Ethernet and SONET (Synchronous Optical Network) network standards, which can help shrink the number of line cards
needed to support network infrastructure needs. According to Eric Young, general partner of Canaan Partners, "We believe Cortina
Systems stands alone as an innovator in its category. As equipment makers try to meet the market's demand for systems that
support various types of network interfaces, we think they will increasingly turn to Cortina for flexible and cost-effective
solutions."
JULY 20th, 2005
Broadcom to Acquire Fabless Siliquent for $76 Million
Broadcom Corporation (NASDAQ:BRCM) has entered into a definitive agreement to acquire Siliquent
Technologies, Inc., a fabless company known for its 10 Gbps network interface controllers (NIC) chips. Siliquent with operations
in Tel Aviv, Israel and headquarters in the Silicon Valley, has technology that is specifically targeted to improve server
performance. The closing date of the acquisition is anticipated before the end of Broadcom’s third fiscal quarter, which
ends September 30, 2005.
Siliquent, founded in 2001, presently has 59 employees.
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