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Level One Communications Inc

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BUSINESS
November 10, 1998 | Bloomberg News
Level One Communications Inc., a maker of computer networking chips, agreed to buy closely held Jato Technologies Inc. for $80 million in stock for its products that send data via phone wires at high speed. Level One said it will issue new shares for all the outstanding shares of Austin, Texas-based Jato and expects to close the transaction this month. The purchase will boost "slightly" the 1999 earnings of Sacramento-based Level One, the company said. It had been expected to earn $1.
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BUSINESS
March 5, 1999
* Moving In: @Home Corp. (ticker: ATHM) will become a component of the Nasdaq 100 index the close of trading Tuesday, Nasdaq said Thursday. The stock, which rose $2.13 to $115.25, will replace Tele-Communications Inc. The index has soared 72% in the last year. * Really Bad Timing Award: Timothy Kellis, an analyst at Adams, Harkness & Hill in Boston, cut his investment rating on Level One on Thursday and said a takeover bid from Intel was unlikely--just hours before Intel announced its offer.
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BUSINESS
March 5, 1999 | CHARLES PILLER, TIMES STAFF WRITER
Intel Corp. said Thursday that it would acquire Level One Communications Inc., a leading maker of microprocessors for high-speed communications, in a stock-swap valued at about $2.2 billion. The acquisition would give Intel a foothold in a new arena--supplying the silicon chips for equipment that manages Internet and intranet traffic.
BUSINESS
March 5, 1999 | CHARLES PILLER, TIMES STAFF WRITER
Intel Corp. said Thursday that it would acquire Level One Communications Inc., a leading maker of microprocessors for high-speed communications, in a stock-swap valued at about $2.2 billion. The acquisition would give Intel a foothold in a new arena--supplying the silicon chips for equipment that manages Internet and intranet traffic.
BUSINESS
March 5, 1999
* Moving In: @Home Corp. (ticker: ATHM) will become a component of the Nasdaq 100 index the close of trading Tuesday, Nasdaq said Thursday. The stock, which rose $2.13 to $115.25, will replace Tele-Communications Inc. The index has soared 72% in the last year. * Really Bad Timing Award: Timothy Kellis, an analyst at Adams, Harkness & Hill in Boston, cut his investment rating on Level One on Thursday and said a takeover bid from Intel was unlikely--just hours before Intel announced its offer.
BUSINESS
January 5, 1999 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Conexant Systems Inc., the Newport Beach-based communications semiconductor business recently spun off by Rockwell International Corp., enjoyed a 12% jump in its stock price in its first day of trading on Wall Street. Amid brisk trading, Conexant's stock rose $2.06 a share from its when-issued price last week, closing at $18.81 on the Nasdaq market. More than 3.7 million shares were traded. Rockwell's stock price, adjusted for the spinoff, rose 94 cents to $41.13 a share in light trading.
BUSINESS
August 31, 2000 | KAREN ALEXANDER, TIMES STAFF WRITER
Giant computer chip maker Intel Corp. filed a sweeping federal lawsuit Wednesday against rival Broadcom Corp. charging that "nearly every aspect" of the Irvine firm's business violates Intel patents. Intel alleges in the suit, filed in Delaware, that Broadcom has constructed a "carefully crafted plan" to build its business using Intel technology.
BUSINESS
August 30, 1999 | From Bloomberg News
Intel Corp., the world's largest computer-chip maker, will outline plans for using new memory technology and unveil details about its new Merced chip and network processors at a conference in Palm Springs this week. Chief Executive Craig Barrett will kick off the Intel Developers Forum on Tuesday. Other executives scheduled to speak include Mark Christensen, head of Intel's networking group, Patrick Gelsinger of the business products group and John Miner, head of the server business.
BUSINESS
November 6, 2000 | KAREN ALEXANDER, TIMES STAFF WRITER
After seven years at Intel Corp., software engineer Steve Lindsay found it hard to resist the overtures from Broadcom Corp. The 30-year-old was a chief software architect for Intel's high-speed communications group--an increasingly important arena for the world's largest chip maker. Despite some successes, Lindsay had become frustrated by his unit's inability to create a chip necessary to run some of the highest-speed networks. Broadcom already had introduced the elusive semiconductor.
BUSINESS
November 10, 1998 | Bloomberg News
Level One Communications Inc., a maker of computer networking chips, agreed to buy closely held Jato Technologies Inc. for $80 million in stock for its products that send data via phone wires at high speed. Level One said it will issue new shares for all the outstanding shares of Austin, Texas-based Jato and expects to close the transaction this month. The purchase will boost "slightly" the 1999 earnings of Sacramento-based Level One, the company said. It had been expected to earn $1.
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