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FOR MORE INFORMATION:
CENTILLIUM TECHNOLOGY CLOSES $38 MILLION IN THIRD-ROUND FINANCING
"Centillium has identified the right solution for an explosive market," said Roger McNamee, General Partner, Integral Capital Partners. "Centillium's management team has the unique depth of semiconductor and telecommunications experience, the right strategy, and the focus on execution required to be successful in this fast growing market. Centillium truly combines the experience of an established player with the responsiveness of a startup." "This is our third investment in Centillium since 1997," said Lip-Bu Tan, Chairman, Walden International Investment Group. "At every stage, we re-evaluate Centillium's progress in product development and engineering, manufacturing agreements, sales and marketing efforts, and staffing. And each time, we find that Centillium has exceeded our expectations both in terms of executing their overall strategy and staying focused on day-to-day tactics." "The strength of the management team and the high quality of Centillium's first to market and industry leading G.Lite chip sets for both the CO and CPE markets led to an overwhelming demand for the securities," according to Dan Myers, Vice President and Senior Semiconductor Analyst in the Equity Research Group at Lehman Brothers Inc. "Investors realized early on in the process that Centillium is the industry trailblazer in all major areas: port density; power dissipation, programmability, product roadmap and overall business plan performance; they continue to under promise and over deliver in every respect." "Our goal is to enhance Centillium's leadership position in broadband communication solutions," said Travis White, President and CEO. "The DSL market is growing fast and we want to be at the forefront of both technological innovation and customer service and support. This financing will allow us to expand our product lines and accelerate the time-to-market for key products, which will enable us to capture critical early market share and establish powerful barriers of entry to our competitors." About Centillium Technology Centillium Technology is a communication solutions company dedicated to delivering high-speed Internet access to bandwidth-hungry businesses and consumers. The company designs and markets Digital Subscriber Line (DSL) chipset solutions for central office equipment, DLC line cards, and customer premises equipment. Centillium's chipset family is the industry's highest port density, lowest power dissipation solution available to networking equipment manufacturers today. Additional information is available at http://www.centillium.com. For sales information, contact Al Gharakhanian at (510) 360-5054. © 1999 Centillium Technology Corp. CopperLite is a trademark of Centillium Technology Corp. AFC, the AFC logo, Universal Modular Carrier, and UMC 1000 are registered trademarks of Advanced Fibre Communications, Inc. All of products or service names mentioned herein are the property of their respective owners. |
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