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September 6, 2000 | KAREN ALEXANDER, TIMES STAFF WRITER
Intersil Corp., an Irvine maker of semiconductors for wireless computer networks, said on Tuesday it has agreed to acquire an Arizona maker of high-speed wireless network products for about $191 million in stock. Intersil, which recently moved its headquarters to Orange County from Florida, said in a press release that it would issue 3.7 million shares to buy SiCom Inc., a privately held firm in Scottsdale. Intersil's stock closed Tuesday at $51.63 a share, down $1.38 in Nasdaq trading.
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BUSINESS
September 6, 2000 | KAREN ALEXANDER, TIMES STAFF WRITER
Intersil Corp., an Irvine maker of semiconductors for wireless computer networks, said on Tuesday it has agreed to acquire an Arizona maker of high-speed wireless network products for about $191 million in stock. Intersil, which recently moved its headquarters to Orange County from Florida, said in a press release that it would issue 3.7 million shares to buy SiCom Inc., a privately held firm in Scottsdale. Intersil's stock closed Tuesday at $51.63 a share, down $1.38 in Nasdaq trading.
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BUSINESS
September 6, 2000
* Irvine-based Intersil Holding Corp. agreed to buy rival semiconductor maker SiCom Inc. for about $191 million in stock. Closely held SiCOM, based in Scottsdale, Ariz., designs chips that let equipment makers build broadband wireless networks.
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