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Examples
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I think as that hits higher attach rate, that's more early innings for us and then there's some technologies like NFC, we just acquired a technology, that technology a company called Innovision in the U.K.
Broadcom Q3 2010 Earnings Call Transcript -- Seeking Alpha 2010
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In early June of 2010, Innovision announced it had created a way to greatly lower the cost of implementing NFC.
unknown title 2011
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But the acquisition of Innovision is already reaping benefits, as Broadcom officially entered the NFC chip market and already has a head start on the competition.
unknown title 2011
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Broadcom International Ltd. is buying Innovision, which makes products that send information across distances as short as a few millimeters.
R&D Mag - News 2010
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Stockholders of Innovision will get 35 pence per share (52 cents) for each Innovision shares they hold, or a total of 32 million pounds.
R&D Mag - News 2010
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Innovision's board, the firm's shareholders will receive £0.35 (approximately $0.52) in cash for each Innovision share held, representing a total equity value of approximately $47.5 million, based on current exchange rates.
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Broadcom's directors, the company reported, "believe that the acquisition of Innovision will generate shareholder value by accelerating Broadcom's efforts to bring next-generation NFC products to market, allowing Broadcom to offer its customers more mature and feature-rich NFC products sooner."
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The offer is 84 percent above the closing price of Innovision on Thursday.
R&D Mag - News 2010
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In a release detailing the offer, Broadcom said it believes the acquisition of Innovision will provide it with important technology and engineering talent to further its leading wireless connectivity business, and that NFC will become increasingly adopted in smart phones and other mobile devices.
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Innovision is a leader in RFID smart tags and near-field communication (NFC) technology, which Broadcom said would be increasingly important as mobile device use increases.
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