Hi Wiz: GREAT Post! Speaking of people of "Gold Plated Caliber",
getting involved with an emerging technology company, check the
following article from yesterday, 7/26/98...
cypress.com
It announces that Pierre Lamond, founder of National Semiconducter
and currently a general partner in the Sequoia Par venture fund,has
stepped down as chairman of Cypress Semiconducter Corp.
Why?
"He was called on to become the temporary president of a small
venture company."
Guess what industry the "small venture company" is in?
The INTRANET industry!
The name of the small company is Plumtree Software. They
recently raised funds as the following article points out...
pathfinder.com
From the article....
"This is a great investment for us because we see companies
everywhere struggling to bring together different types of information
on the Intranet," said Hambrecht & Quist Rupen Dolasia.
"Sequoia Capital, Plumtree's original investor, is a leading venture
capital firm with a history of high technology investments in
Apple, Atari, Oracle, Informix, Cisco Systems, and Yahoo!"
So, there you have it...the Chairman of Cypress, a general partner
in Sequoia Capital, senses the need and opportunity and challenge
in the INTRANET sector.
Not to worry of direct competition from Plumtree... seems to be
in the nature of a component, rather than the complete CONVERGED solution FNTN is offering. plumtree.com
Also, the NEW Chairman of Cypress, is the CEO of 3Com, which is
in a strategic alliance with SIEMENS to promote convergence of
voice, video, and data. Maybe, FNTN will utilize Plumtree tech in
the future?
Streetwise |
