Broadcom Purchases Israeli Provigent For $350 Million

[JStone]

Broadcom Gains Microwave Transmission Technology with Acquisition of Israeli Provigent for $350 Million

Broadcom Corporation (Nasdaq: BRCM), a global leader in semiconductors for wired and wireless communications, today announced that it has signed a definitive agreement to acquire Provigent, a privately-held leading provider of highly integrated, high performance, mixed signal semiconductors for microwave backhaul systems, with offices in Israel and Santa Clara, Calif. Broadcom provides one of the industry's broadest portfolios of Ethernet networking solutions for service provider infrastructure including the mobile backhaul. With the addition of Provigent's engineering expertise in microwave radio products, the company expands its robust portfolio to more thoroughly address the $5B microwave backhaul equipment business

Provigent is a unique asset with world-class microwave backhaul technology and strong engineering talent developing innovative and highly integrated semiconductor solutions for the microwave segment," said Rajiv Ramaswami, Executive Vice President and General Manager of Broadcom's Infrastructure and Networking Group. "Combining their microwave backhaul solutions with our industry leading network infrastructure and wireless solutions allows us to better serve our customers and expand our addressable market."
"Provigent's System-on-Chip (SoC) solutions are used to solve a crucial problem in the infrastructure of cellular networks, which is the backhaul bottleneck," said Dan Charash, Chief Executive Officer, Provigent. "The many synergies with Broadcom's broad portfolio of wireline and wireless SoC technologies and capabilities will accelerate product development and provide our customers with a compelling offering."

Broadcom.com - Broadcom Gains Microwave Transmission Technology with Acquisition of Provigent.

 

[Mr. H.]

Why is Isreal constantly selling out their application technology?
Can't they hold on to a single piece of intellectual property?

 

[JStone]

Why is Isreal constantly selling out their application technology?
Can't they hold on to a single piece of intellectual property?

You post on the internet in your underwear from your parents' house

 

[Mr. H.]

Jew talkin' to ME?

 

[JStone]

Warren Buffett

We believe generally in the United States, we believe in ourselves and what a young country can achieve. Israel, since 1948, now a major factor in commerce and in the world. It's a smaller replica of what has been accomplished here and I think Americans admire that. They feel good about societies that are on the move.

[ame=http://www.youtube.com/watch?v=zaN_2nFqFtI]Warren Buffet Supports the U.S.-Israel Relationship - YouTube[/ame]