Atheros decides u-Nav is worth $1 million per employee
December 14th, 2007, 7:42 am · Post a Comment · posted by Colin Stewart
THE PRICE OF INNOVATION
The 54 employees of Irvine-based u-Nav Microelectronics can keep improving their location-sensitive GPS chips, but they’ll be reporting to Santa Clara chip maker Atheros Communications, which announced Dec. 13 that it’s buying u-Nav for $54 million in cash and stock. Hmm, that’s a value of $1 million per employee.
For more info, see:
- Coverage in the Register’s breaking-news business section.
- The company press release.
- My “Inside Innovation” column on u-Nav from June 2006.
- Graphic on “The ABCs of GPS”
