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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST
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To: Patriarch who wrote (2300)7/21/1999 12:29:00 AM
From: Geof Hollingsworth  Read Replies (2) of 6531
 
From today's Venture Wire (FWIW):

IRVINE, Calif.--Broadcom, a provider of integrated circuits
for high-speed broadband communications, said it signed a
definitive agreement to acquire HotHaus Technologies, a
Vancouver, B.C.-based provider of embedded digital signal
processing software for voice, fax relay, data relay, and
telephony signaling voice-over-IP applications. Under the
agreement, a Canadian subsidiary of Broadcom will issue
exchangeable preferred stock for all outstanding shares of
HotHaus's common stock. The deal is valued at about $280
million (C$414 million). HotHaus has received funding from
Texas Instruments and Working Opportunity Fund, a venture
capital firm managed by Growth Works Capital.
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