Wednesday, September 5, 2007
Mindspeed Technologies Buys Ethernet MAC Line
Newport Beach-based Mindspeed Technologies said today that it is in a deal to acquire the product portfolio and intellectual property assets of Ample Communications, a developer of Ethernet media access controller (MAC) products for the Ethernet aggregation market. Mindspeed said it will pay $4.6M for the assets of Ample Communications, which was in private foreclosure by its senior creditor. Mindspeed said it expects the acquired products to contribute approximately $3M to its fiscal 2008 year.