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O.C. BUSINESS PLUS | HEARD ON THE BEAT / HIGH-TECH

Broadcom Gets Behind Israeli Network

April 06, 2001|KAREN ALEXANDER

Speaking of Broadcom, the company was among the top investors in a $40-million first round of financing for Argoquest Holdings LLC.

The private U.S. holding company funds and helps manage a network of more than 60 Israeli-based technology companies. Other investors include HSBC Holdings plc, the international banking and financial services group, and Shamrock Holdings of California Inc. Broadcom would not disclose how much it had invested in the fund.

This wasn't Broadcom's first foray into the Israeli technology market. In November, the Irvine high-speed communications chip maker bought VisionTech, an Israeli compression technology developer.

"With technology moving so rapidly in high-growth regions like Israel, Broadcom realizes the need to establish closer ties to the Israeli start-up community," Samueli said recently in a press release.

Argoquest is based in West Los Angeles, and has offices in Israel, Taiwan and Tokyo.

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Karen Alexander covers high technology for The Times. She can be reached at (714) 966-5637 or at karen.alexander@latimes.com.

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