Agilent Technologies' Venture Unit Invests in Sirific Wireless Corp.'s Series B Round of Funding.Business Editors/High-Tech Writers PALO ALTO, Calif.--(BUSINESS WIRE)--May 18, 2004 Agilent Technologies Inc. (NYSE NYSE See: New York Stock Exchange :A) today announced that Agilent Ventures has participated in the Series B Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. funding round for Sirific Wireless Corp., a fabless semiconductor RFIC RFIC Radio Frequency Integrated Circuit RFIC Radio Frequency Interface Chip (radio frequency integrated circuit) company whose tunable RF technology is the platform for innovative multistandard RF products. Agilent Ventures' investment is part of the Series B round, led by TD Capital, which raised $17 million in equity. Agilent Ventures initially invested as part of the Series A funding round, completed in 2003. Joining TD Capital are existing investors Celtic House, BDC (Backup Domain Controller) In a Windows NT server, a copy of the Primary Domain Controller (PDC). The BDC is periodically synchronized with the PDC. See PDC. BDC - Backup Domain Controller Venture Capital and GrowthWorks WV Funds. Founded in 2000, Sirific Wireless Corp.'s multiband and multistandard RF transceivers are designed to enable new levels of performance and integration for direct-conversion CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. architectures. "Agilent's latest investment in Sirific Wireless represents our ongoing commitment to our portfolio companies," said Maximilian Schroeck, managing director of Agilent Ventures. "Agilent Ventures will continue to invest in innovative and dynamic technologies in the RF semiconductor market." "Sirific Wireless is proud to continue our relationship with Agilent as a result of the Series B financing event," said Michael Hogan, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Sirific Wireless. "A relationship with a major supplier of RF front-end technology allows us to understand the demands of RF CMOS transceiver solutions for the EDGE and WCDMA (Wideband CDMA) A 3G high-speed digital data service provided by cellular carriers that use the TDMA or GSM technology worldwide, including AT&T (formerly Cingular) and T-Mobile in the U.S. markets." About Sirific Wireless Corporation Sirific Wireless Corp. is a fabless RF semiconductor company that develops and markets a family of multistandard and multiband RF transceivers for GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. , EDGE, WCDMA and WLAN See wireless LAN. WLAN - wireless local area network . Virtual LO(TM), Sirific's patented technology, enables unparalleled levels of performance and integration for the company's single-chip Direct Conversion CMOS transceivers, dramatically reducing the cost, form factor and power consumption of mobile handsets, laptops and PDAs. Sirific is based in Santa Rosa, Calif., and Waterloo, Ontario, Canada. More information is available at www.sirific.com. About Agilent Ventures Agilent Ventures is a business unit of Agilent Technologies Inc. dedicated to investing globally in groundbreaking, privately held, early-stage technology companies. Additional information about Agilent Ventures, as well as investment proposal forms, is available at www.agilentventures.com. About Agilent Technologies Agilent Technologies Inc. (NYSE:A) is a global technology leader in communications, electronics, life sciences and chemical analysis. The company's 28,000 employees serve customers in more than 110 countries. Agilent had net revenue of $6.1 billion in fiscal year 2003. Information about Agilent is available on the Web at www.agilent.com. Note to Editors: Further technology, corporate citizenship and executive news are available on the Agilent news site at www.agilent.com/go/news. |
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