Financial Accounting Blog

Saturday, November 29, 2003

Atheros files for an IPO. Private wireless chipmaker that competes with Intel plans to go public.. IPOs are making a comeback, displaying further evidence of a strengthening U.S. economy.

""Atheros Communications, a privately held maker of wireless chips that competes with Intel, has filed to go public. Atheros, which has been the subject of a fair amount of buzz in the tech world, is planning to raise as much as $100 million through an initial public offering. The Sunnyvale, Calif.-based company makes the Super G line of chipsets, which help enable devices to connect to the Internet wirelessly. Atheros said that it intends to use proceeds from its offering for capital expenditures and to pay off debt. The filing caps off a busy month for the IPO market, which has been picking up steam following a more than two-year drought. "

Rich Muny