Amati Overview (posted for convenience of new readers) ... source Edgar Database.
OVERVIEW
On November 28, 1995, ICOT Corporation, based in San Jose, California, and
Amati Communications Corporation ("Old Amati"), a privately held Mountain View,
California based company, completed a merger by which Old Amati became a
wholly-owned subsidiary of ICOT Corporation. Effective as of the merger, the
name of the surviving company was changed to Amati Communications Corporation
(the "Company") and its common stock began trading on the Nasdaq National Market
under the symbol "AMTX" on November 29, 1995.
Under the terms of the merger agreement with Old Amati, the shareholders,
warrant holders and option holders of Old Amati acquired 6,788,924 newly issued
shares of the Company's stock, representing approximately 35% of the fully
diluted shares of the Company. As of the merger date, Old Amati employed
twenty-four full time employees, including four in manufacturing, two in sales
and customer support, fifteen in engineering and three in finance and
administration. Old Amati was a development stage company that developed and
marketed advanced transmission systems utilizing Discrete Multi-tone ("DMT")
technology to provide high speed transmission over copper and cable media. Old
Amati's DMT technology has been selected as the ANSI and ETSI standard for
Asymmetric Digital Subscriber Line ("ADSL") products.
The Company is a leading developer of advanced transmission equipment
utilizing Discrete Multi-tone (DMT) technology for the ADSL, Very high-speed
Digital Subscriber Line (VDSL) and cable modem markets. The Company is the
holder of ADSL/DMT patents and has licensed the technology to companies such as
Nortel, Motorola and NEC. The Company is also a provider of network connectivity
systems for the internetworking and OEM marketplaces
HIGHLIGHTS OF THE FISCAL YEAR
- Announced key strategic technology development partnerships with Motorola
and NEC for the next generation xDSL technologies.
- Delivered a new family of Overture 8 ADSL/DMT modems for field testing,
further increasing the Company's leadership position in the technology.
These new modems are the first to provide data transmission rates as high
as 8 Mbps downstream and 500 kbps upstream.
- Introduced an 8 Mbps ADSL modem which provides direct Ethernet
connectivity.
- Selected to participate in a significant number of new ADSL market trials
including the GTE-Microsoft ADSL trial in Redmond, WA, the GTE Internet
access trial in Dallas, TX, the Bezeq (Israel Telecom) Video on Demand
("VOD") trial in Israel, the Swiss Telecom PTT interactive video trial in
Switzerland and the Telstra broadcast quality video trial in Australia.
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