Applied Materials Ventures Invests in Wireless Venture; Firm Extends Presence to Israeli Market.Business Editors/High-Tech Writers MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif.--(BUSINESS WIRE)--March 5, 2003 Applied Materials Applied Materials, Inc. NASDAQ: AMAT (HKSE: 4336 ) is the global leader in nanomanufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel solar displays, solar Ventures, a venture capital partnership that focuses on early stage communications companies Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. , today announced an investment in M-Stream Inc. At its R&D center in Kfar-Saba, Israel, M-Stream develops technologies that enhance cellular communications. The investment is part of a $1.5 million Series A funding round that includes Broadcom Corporation (Nasdaq:BRCM BRCM Broadcom Corporation (stock abbreviation, AMEX) BRCM Master Chief Boilermaker (USN rating) ). Applied Materials Ventures will have a seat on M-Stream's Board of Directors. "Applied Materials Ventures is an attractive investment partner for us because of the entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. backgrounds of the firm's principals," said Arie Heiman, 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. , M-Stream. "Having built businesses of their own, they clearly understand the challenges we face as a young company. Their perspective as entrepreneurs is a valuable asset to this relationship." "We are very pleased to add M-Stream to our portfolio as the first of many international investments," said Julien Nguyen Julien Nguyen is Managing Director of Concept Ventures[1]. Mr. Nguyen has 25 years of operational, entrepreneur and early stage information technology investment experience. , a General Partner at Applied Materials Ventures. "All over the world, innovative companies like M-Stream are developing new technologies with global applications. We intend to seek them out. Our international perspective provides us with a better understanding of emerging technology trends and enhances the overall value of our portfolio." As part of this strategy, Applied Materials Ventures recently established a presence in Israel. The company now employs a full-time professional to identify promising investment opportunities in the burgeoning Israeli technology sector. The firm intends to extend its presence to other international markets as well. About Applied Materials Ventures Applied Materials Ventures is a venture capital fund focused on early-stage communications companies. Applied Materials Ventures' general partners are experienced entrepreneurs and technology leaders with prior experience in founding and growing successful companies. Applied Materials Ventures' current portfolio includes Infinera, GlimmerGlass Networks, Grandis and Instant 802 Networks. For more information, visit www.appliedvc.com. |
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