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Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Bulldozer who wrote (2536)	5/24/1999 9:25:00 AM
From: Beltropolis Boy	Read Replies (1) \| Respond to of 4710

thanks once again for your timely feedback, 'dozer. it's duly appreciated. speaking of acquisitions, we got another one; this one's in stock. ----- Vitesse Semiconductor Corp. to Acquire XaQti Corp. Business Wire - May 24, 1999 09:15 CAMARILLO, Calif.--(BUSINESS WIRE)--May 24, 1999--Vitesse Semiconductor Corp. (Nasdaq:VTSS) Monday announced that it has agreed to acquire all of the equity interests of XaQti Corp. ("XaQti," or "the company") for $65 million in common stock. The transaction, which will be accounted for as a pooling of interests, is expected to have no material impact on Vitesse's financial results. The transaction is expected to be completed before the end of July. Founded in September 1995, XaQti, the Network-on-a-CHIP(tm) company, is a leading-edge supplier of Active-Flow Processors to drive the Internet. The company's unique Active-Flow Processors enable the construction of universal network system platforms for user-driven customization of networks and the rapid deployment of end-to-end IP services such as IP QoS, Ipv6, IP multicast, IP Sec, Mobile IP and Policy management. XaQti is delivering Gigabit Ethernet chips and system design tools to leading networking OEMs today. XaQti has headquarters in Santa Clara, Calif., and currently has 35 employees. "The Vitesse-XaQti combination will enable us to provide our customers with a complete Layer 3 Switch solution," said Lou Tomasetta, president and CEO of Vitesse. "The addition of XaQti GigaPower and TeraPower chips to the Vitesse CrossStream chipset provides a very powerful, flexible and cost-effective solution for enterprise-class Ethernet and IP routers and switches. "We believe that this acquisition positions Vitesse as a major player in high-end switching and processing. The XaQti team brings years of experience in communication processing that enhances and complements Vitesse's existing strengths," continued Tomasetta. "The XaQti acquisition is a continuation of Vitesse's product expansion into higher layers of network processing, which positions us to offer extensive chipsets to new and existing customers." Henry Wong, president and CEO of XaQti, added: "The combination of our companies will result in powerful solutions for driving the Internet of the future. Systems OEMs will find a one-stop shop for their switching solutions." Alak Deb, co-founder and chief technology officer of XaQti, said: "There is a great deal of synergy in technology between Vitesse and XaQti. The merged companies will bring together complementary core competencies to develop high-performance and cost-effective data communications solutions." Samba Murthy, co-founder and vice president of Marketing and Business Development of XaQti, added: "Together, Vitesse and XaQti will enable convergence on IP networks with the complementary products that will result from this union. We are very excited about adding value and strength to the Vitesse team."

To: Bulldozer who wrote (2536)	5/26/1999 1:35:00 PM
From: Beltropolis Boy	Read Replies (2) \| Respond to of 4710

for those who may be interested, i did a bit of digging on XaQti (shäk tí -- pronounced "shock-tee"). following's a wee bit on their product line. also, fwiw, appears they got a second influx of cash from a number of VC firms a few months ago: Leading Venture Capital Firms Invest Additional $9.1 Million in Packet Processing Leader, XaQti February 17, 1999 p3p.com ----- GigaPOWER and TerraPOWER GigaPOWER is the Industry's first Active Flow Processor™ with an integrated Multi-Speed Ethernet Media Access Controller. GigaPOWER is designed for use in switches and routers implementing IP QoS and other functions which require packet processing. TeraPOWER is XaQti's flagship product family consisting of multiple chips that form the building-blocks of any switching or routing system. The first chip from the family is the TeraPOWER-CL, which contains multiple Active Flow Processors. XMACII The XMAC II is the industry's first Half Duplex and Full Duplex Gigabit Ethernet Media Access Controller. The XMAC II meets the requirements of the IEEE 802.3z Gigabit Ethernet standard and is in full production. Gigabit Ethernet Tools GDKII, AFP Tools The GDK II is a PCI-based tester for Gigabit Ethernet ports. This tester has features that are comparable to a full-priced, full-featured tester, yet is a fraction of the cost. The GigaPOWER Reference Design Kit is an integrated environment consisting of a PCI-based evaluation board, and a Win'95 GUI for rapid code development. The GigaPOWER RDK is capable of generating traffic at various speeds - 10Mb, 100Mb, and 1Gb. The GigaPOWER System Design Kit is a Win'95 development environment for developing the firmware for GigaPOWER applications. This free tool includes examples for parsing IPv4, IPX, VLAN, ToS, and other protocol types.