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IKAN - Ikanos Communications, Inc.
Ikanos
Communications, Inc. (IKAN) was a semiconductor company that designed
and manufactured advanced broadband semiconductor and software
products for the digital home. The company's products enabled carriers
and service providers to deliver advanced broadband services to their
customers, including high-speed internet, voice, and video. Ikanos
Communications was based in Fremont, California.
Ikanos
Communications is no longer a publicly traded company. In February
2016, Ikanos Communications was acquired by Qualcomm Atheros, a
subsidiary of Qualcomm Incorporated, in a cash tender offer for all
outstanding shares of the company's common stock. The acquisition was
completed for $2.75 per share in cash, representing a total
transaction value of approximately $47 million.
Prior to its
acquisition, Ikanos Communications faced a number of challenges,
including declining revenue and increasing competition in the
semiconductor industry. The company had undertaken a number of
initiatives to improve its financial position, including restructuring
and cost-cutting measures.
The semiconductor industry is
subject to various risks, including rapid technological change and
increasing competition. However, Ikanos Communications' focus on
advanced broadband semiconductor and software products for the digital
home may have positioned it well for success in the future.
Prior to its acquisition, Ikanos Communications' stock was traded on
the NASDAQ stock exchange under the ticker symbol IKAN. Investors
should carefully consider their investment objectives, risk tolerance,
and other factors before investing in any company in the semiconductor
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