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Virata Corp

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BUSINESS
September 9, 1999 | Bloomberg News
Virata Corp., which supplies semiconductors and software to makers of digital subscriber line equipment, plans to raise as much as $50 million through an initial stock sale, according to its filing with the Securities and Exchange Commission. Backers of the Santa Clara-based company include Oracle Corp., which holds a 13.4% stake. The number of shares to be sold and their estimated price range will be disclosed in a subsequent filing.
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BUSINESS
September 9, 1999 | Bloomberg News
Virata Corp., which supplies semiconductors and software to makers of digital subscriber line equipment, plans to raise as much as $50 million through an initial stock sale, according to its filing with the Securities and Exchange Commission. Backers of the Santa Clara-based company include Oracle Corp., which holds a 13.4% stake. The number of shares to be sold and their estimated price range will be disclosed in a subsequent filing.
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BUSINESS
January 25, 2000 | Bloomberg News
Virata Corp., a semiconductor and software supplier, agreed to buy closely held D2 Technologies Inc. for $90 million in stock. Santa Barbara-based D2 develops voice software used by global telecommunications equipment suppliers. Virata develops software that helps customers enhance products they already make, including modems for high-speed Internet access. Santa Clara, Calif.-based Virata will add D2's voice software to its existing digital subscriber-line products. Virata shares rose $2.
BUSINESS
June 22, 2000 | Bloomberg News
Virata Corp., a maker of chips for Internet-access equipment, said it agreed to buy closely held Excess Bandwidth Corp. for about $315 million in stock to enhance its product line. Virata also said it expects revenue of $25 million to $27 million for its first quarter ending July 2, as shipments of communications processors have tripled in the last three months. That would be more than double its fiscal fourth-quarter revenue of $12 million and at least a ninefold increase over the $2.
BUSINESS
November 18, 1999 | Reuters
Those looking for speculative investments aren't limiting themselves to China. Spain's Terra Networks (ticker symbol: TRRA) and Korea Thrunet Co. (KOREA) led Wednesday's Wall Street debuts higher as U.S. investors clamored for foreign Internet offerings, hoping to ride the online wave as it swells overseas. "Foreign markets aren't heavily penetrated by any major U.S. [Internet] players," said Ned Brines, co-manager of Phoenix Engeremann Aggressive Growth fund and Phoenix Engeremann Growth fund.
BUSINESS
October 8, 2002 | From a Times Staff Writer
Shares of UnionBanCal Corp. surged Monday after the San Francisco-based company said it expected third-quarter profit to come in above Wall Street's estimates. The forecast from the parent company of Union Bank of California came as welcome news in the banking sector, which was hit last week by warnings from a string of national and regional banks. Some institutions, struggling amid the weak U.S.
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