SiliconSystems makes its L.A.-O.C. move.SiliconSystems Inc., a maker of computer memory storage devices, has outgrown Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County. The Hawthorne-based business, founded in Michael Hajeck's San Juan Capistrano San Juan Capistrano (săn wän kăpĭsträ`nō), city (1990 pop. 26,183), Orange co., S Calif.; inc. 1961. San Juan Capistrano has some manufactures, including aircraft parts, medical apparatus, and boats, but the economy is home in September 2002, is leaving for a larger space closer to Orange County's bustling technology trade. "This has been in the playbook from Day One," said Hajeck, "So it's not like anyone who came on didn't know ultimately where the headquarters would be." The company, which employs 12 people in a 4,000-square-foot Hawthorne building and eight engineers in Marlboro, Mass., will consolidate its entire staff in 11,000 square feet in Aliso Viejo. "The motivation is space," Hajeck said. "And the type of individual we need to recruit is in Orange County, which is more technology based. There is the inherent skill set for the type of people we're looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ." The company recently landed a small round of venture funding from Corona del Mar-based Miramar Venture Partners LP. Hajeck declined to say how much money Silicon Systems raised, but said last year he was looking to drum up $3 million to $5 million. The company's product looks like a 2.5-inch disk drive. Instead of the platters and heads found in disk drives, SiliconSystems' devices are full of memory chips. (The company has no relation to Silicon Systems Inc., a Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. Inc. unit that used to be based in Tustin.) SiliconSystems' "solid state" storage devices are designed to hold small amounts of data, sometimes in hot, cold, dusty or otherwise tough settings. They are used in medical instruments, video poker Video poker is a casino game based on five-card draw poker. It is played on a computerized console which is a similar size to a slot machine. History Video poker first became commercially viable when it became economical to combine a television-like monitor with a machines, electronic voting Electronic voting (also known as e-voting) is a term encompassing several different types of voting, embracing both electronic means of casting a vote and electronic means of counting votes. gear, corporate voice mail systems and military equipment. SiliconSystems' customers include General Dynamics General Dynamics Corporation (NYSE: GD) is a defense conglomerate formed by mergers and divestitures, and as of 2006 it is the sixth largest defense contractor in the world[1]. The company has changed markedly in the post-Cold War era of defense consolidation. Corp., Lucent Technologies Inc., CardioNet Inc. and Diebold Inc., who pay as much as $20,000 for the devices, depending on the design and use. "There's a nice market opportunity for SiliconSystems to focus on high performance applications," said Bob Holman Bob Holman is a poet and poetry activist in the United States. Career After graduating from Columbia University in 1970, Bob Holman founded, with Sara Miles and Susie Timmons, the NYC Poetry Calendar, a free monthly publication with all the readings and poets "on the , a partner at Miramar Venture Partners. The pending move will be a breath of fresh air for SiliconSystems California employees, all but two of whom already live in Orange County. Nevertheless, the move puts another--albeit small--dent in L.A. County's manufacturing base. The company moved to Hawthorne to take advantage of an offer by another business to share shipping, receiving, receptionists, phone systems, conference space and information technologies as an enticement for distribution rights to SiliconSystems' products. "They incubated us," Hajeck said. Citing industry estimates, Hajeck predicted the market for SiliconSystems' products could grow from $350 million this year to more than $1 billion by 2006. "We expect 2006 will be the breakout year for us," he said. |
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