Organization: Gennum Corp

Two home-grown tech firms sold to US companies

The hollowing out of Canada’s high technology sector is gathering momentum as scale, lax takeover legislation and low share prices contributed to the sale this month of two medium-sized, publicly traded firms. Gennum Corp, established 1987 as a subsidiary of Linear Technology Inc (established 1973), has been acquired by Camarillo CA-based Semtech Corp for $500…

Tundra favours IDT offer as Gennum drops bid

Tundra Semiconductor Corp will likely become foreign-owned after receiving a superior bid to the sweetened offer made by Burlington-ON based Gennum Corp (R$, Match 30/09). San Jose CA-based Integrated Device Technology (IDT) has offered $120.8 million to acquire Tundra, an Ottawa-based fabless semiconductor firm. Gennum, which had already sweetened its original $86-million bid to $112…

Gennum Corp hikes R&D spending by 20%

Gennum Corp has reported an increase in R&D spending of nearly 20% for FY00 ended November 20, according to year-end results released last week. The Burlington ON-based developer of silicon integrated circuits and modules and thin film hybrid circuits has R&D expenditures of $18 million (16.9% of sales), up from $15 million the year before.…