raymondo.
for what it's worth, here's the local take, via the Ottawa Sun, on one of yesterday's acquisitions. i particularly enjoyed this news-to-me jewel as i was kinda under the assumption that Rickey's design "centre" was already inside Nortel. i mean, i'm sure he's still got an ol' coffee mug in there somewheres.
"AMCC plans to transform pBaud into its Canadian design centre, where it will have better access to key customers such as Nortel and Alcatel."
attempted two seconds of due dilly on pBaud to no avail; pbaudlogic.com already hops you to the AMCC site. i guess that's good news if you're the worrying type; no cybersquatters with this mega-merger.
(mewonders if that Exxon-Mobil/Mobil-Exxon.com kid ever made out.)
if i unearth any other lumps o' coal, i'll unload them over here.
-chris.
----
Thursday, April 20, 2000
No peace in the Valley
Hot hi-tech newcomers join Ottawa-area Silicon base
By KEVIN BELL
Ottawa Sun
canoe.ca
THE parade of hot hi-tech companies marching into the Ottawa area just got longer.
Applied Micro Circuits Corp., a Silicon Valley firm specializing in high-capacity connections for optical networks, is the newest arrival on the local scene with its announcement yesterday that it is buying a tiny Kanata firm called pBaud Logic Inc. for an undisclosed sum.
Although it is staffed by only six ex-Nortel Networks employees, pBaud gives the San Diego firm access to a crack engineering staff that is developing chips to correct errors in optical networks, said Ram Sudireddy, CMCC's [sic] vice-president for digital products.
"There is a big pool of talent in the Kanata area," Sudireddy said. "Very few people are developing these chips. That is a very specialized technology."
AMCC joins a host of other sizzling tech companies that have made acquisitions in the national capital area to get access to customers and potential employees. They include PMC-Sierra Inc. which bought Extreme Packet Devices, Conexant which bought Philsar Electronics last week, and Business Objects, which boldly issued a threat to arch-rival Cognos on its home turf with the acquisition of OLAP@Work.
Other major companies that have recently landed in Ottawa are Research In Motion, Cisco Systems and Alcatel SA, which is buying Newbridge Networks.
AMCC plans to transform pBaud into its Canadian design centre, where it will have better access to key customers such as Nortel and Alcatel.
TO EXPAND
The centre will be run by former pBaud CEO John Carr, who said yesterday he expects the centre will expand to about 30 employees by the end of the year.
Sandy Harrison, an analyst with Pacific Growth Equities in San Francisco, said AMCC has emerged as one of the major players in the high-speed connectivity market, so it's no surprise that it is looking to the Ottawa region, where it can tap into a rich talent pool at Nortel, Newbridge and Mitel Corp.
"It's easy to understand why there are some opportunities out there in Ottawa," he said. "There's a real demand for engineering talent. You've got to go where the fish are biting and they're biting at Newbridge, Mitel and Mosaid."
A second acquisition announced yesterday is also expected to create local jobs.
Ottawa-based Sybridge Technologies Inc. announced it expects to hire an additional 50 people as a result of its acquisition of the DataComm Products Group assets from BAE Systems Canada Inc., former known as Canadian Marconi Co. |
