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Technology Stocks : ESST-the new beginning.

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To: SemiBull who wrote (3469)	8/20/2003 11:12:58 PM
From: SemiBull	Read Replies (1) of 3493

ESS Technology acquires Divio for $27 million By Silicon Strategies 08/18/2003 8:30 AM EST URL: siliconstrategies.com FREMONT, Calif. -- Consumer-chip maker ESS Technology Inc. today (Aug. 18, 2003) announced that it has acquired Divio Inc. for $27.1 million in cash. Divio, based in Sunnyvale, Calif., designs, manufactures and markets digital video and imaging semiconductor products. The acquisition will expand ESS's product lines in the digital consumer electronics market with advanced MPEG-1,2,4 encoders and DV codecs for digital video recorders, digital still cameras and solid state digital camcorders. "These technologies complement ESS's current consumer digital entertainment offerings," Robert Blair, president and chief executive officer of Fremont-based ESS, in a statement.

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