LSI Logic buys Seeq Technology in $100m comms silicon deal

LSI Logic buys Seeq Technology in $100m comms silicon deal
Richard Wilson
LSI Logic has agreed to buy Seeq Technology, Inc in a share deal which values the communications chip firm firm at approximately $100m at the present LSI Logic stock price.
LSI Logic anticipates completing the acquisition in its second quarter ending June 30. The acquisition is subject to the customary closing conditions, including approval by Seeq Technology shareholders and is subject to regulatory review.
Seeq Technology, which reported 1998 revenues of $28.1m, has a range of data communications products for the Internet-driven networking market. Products include Ethernet MAC (media access controllers) and PHY (physical layer) transceivers.


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