Bellboy,
I too am an Amati stockholder. I am disappointed with the $20 cash tender offer, but what can we do? Anyway, I heard of SSPIF through the Amati thread. I rarely posted on the thread. I would just browse through and absorb as much info as I could. I was upset when I got in SSPIF because I had the chance to get in at 5 3/8, but I had to then chase the stock as it soared to 6 15/16, which is where I utlimately got in. So good luck to all SSPIF shareholders. Hope we can make some nice money like AMTX.
-Steve
I also found this pretty interesting, if anyone is interested:
Tuesday December 2, 1:34 pm Eastern Time
Company Press Release
HotHaus Receives Investments from Texas Instruments, Working Opportunity Fund
RICHMOND, British Columbia--(BUSINESS WIRE)--Dec. 2, 1997-- HotHaus Technologies, Inc., the leading supplier of DSP Frameworks, today announced it has received equity investments from Texas Instruments Inc. (NYSE:TXN - news), the Digital Signal Processor (DSP) market leader, and Vancouver-based Working Opportunity Fund.
The investment will fund HotHaus' international sales and marketing programs and accelerate HotHaus product development in data modems, fax modems, and speech compression algorithms.
HotHaus has a strategic focus on DSPs from Texas Instruments, the processors of choice for high-volume applications, such as cellular phones, internet access modems, fax machines, business phones, and telecommunication infrastructure equipment. As the market and technology leader in DSP solutions, Texas Instruments offers a wide range of devices to match the performance and cost objectives of diverse telecommunications products. HotHaus' software solutions enable telecommunications equipment designers to rapidly integrate Texas Instruments DSPs into products, providing new capabilities and expediting time to market.
''Texas Instruments has enabled an array of telecommunication products with their advancements in DSPs. Now customers are faced with the challenge of creating and maintaining the DSP software necessary to exploit these advancements,'' said Ross Mitchell, HotHaus founder and president. ''HotHaus delivers the necessary DSP telecommunications software in the form of algorithms that plug into a framework, allowing developers to rapidly deploy DSP-based equipment.''
''HotHaus has demonstrated its ability to conceive innovative solutions, engineer a portfolio of products, and successfully bring our mutual customers to market,'' said Michael Hames, Semiconductor Group Vice President and Worldwide DSP manager, Texas Instruments. ''Our customers need software and hardware DSP solutions. This investment is an example of our commitment to deliver these solutions.''
''As a seed investor, Working Opportunity Fund has played a pivotal role in the development and growth of HotHaus,'' said Mitchell. ''This second round of financing from WOF confirms their commitment and belief in HotHaus.''
''We believe that HotHaus has a unique value proposition in an exciting high growth market,'' said David Levi, President, WOF. ''We are particularly impressed by the strategic relationships and customer relationships with industry leaders that the company has developed.''
HotHaus recently expanded operations into the United States with sales offices in Boston and San Jose. The company also expanded its British Columbia headquarters in Richmond. HotHaus' new 7500 square foot facility in the Frasierwood Industrial Park is ideally located in Greater Vancouver for attracting key engineering staff and supporting expected growth. Since 1995, the company has grown from three to 35 employees, and has added John Cooper as Vice President of Sales and Marketing. He brings more than 10 years of DSP and semiconductor sales and marketing expertise to HotHaus and has held senior sales and marketing positions at S3, Synopsys, and Texas Instruments.
HotHaus, founded in 1994, has a mandate to understand the complex and dynamic requirements of the telecommunications marketplace, and engineer superior DSP software solutions for product designers. The company specifically targets telecommunications OEMs with an emphasis on fixed and wireless network voice and data access, computer telephony, telecommunications appliances, feature phones, and telephony switching systems. HotHaus' flagship product, HausWare, provides an object-oriented architecture consisting of DSP algorithms and a unique system software Framework providing a high level API, DSP Resource Management, Media Management and Multi-channel processing.
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Contact:
IPR
Editor contact: Dick Davies, 415/777-4161
or
HotHaus Technologies
Company contact: John Cooper, 408/879-6270
or
WOF Contact:
Jim Charlton, 604/688-9631 |
