socialmedian: Broadband chip maker MaxLinear files for IPO

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Broadband chip maker MaxLinear files for IPO

Source: VentureBeat

Nov 06, 2009

Summary

Broadband communications chip maker MaxLinear has filed to go public in another indicator that the good times are back for tech stocks and exits.

Carlsbad, Calif.-based MaxLinear makes analog or mixed-signal radio chips that can be manufactured in standard chip factories. The chips enable devices to display broadband video. The chips are sed in a wide array of electronic gear: cable and terrestrial set-top boxes, digital TVs, cell phones, PCs, netbooks and car entertainment systems. The company has more than 35 customers, including Panasonic, Murata, Alps Electric and Sony.

Since the company’s start, it has shipped more than 65 radio chips. For the nine months ended Sept. 30, revenues were $36.1 million, up from $23.6 million a year earlier.

The market for radio frequency, digital signal processors and analog chips used in set-top boxes, mobile phones, autos and TVs was $7.6 billion, according to market researcher iSupplie.

Morgan Stanley and Deutsche Ban Securities are handling the offering. Co-managers include UBS Securities, Thomas Weisel Partners and Needham

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