Ikanos Communications

Ikanos Communications, Incorporated, was a provider of semiconductor and software products for use in homes. It was headquartered in Fremont, California. The company’s digital subscriber line, communications processors and other products were used in customer premises equipment from network equipment manufacturers and telecommunications service providers.

Ikanos Communications
TypePublic
NASDAQ: IKAN
IndustrySemiconductors
FateAcquired by Qualcomm Atheros
Founded1999
HeadquartersFremont, California, USA
Key people
Dado Banatao, CEO

History

On December 10, 2001, the founder and chief technology officer of Ikanos, Behrooz Rezvani, announced he was editor of the Institute of Electrical and Electronics Engineers (IEEE) draft standard for Ethernet in the first mile over copper.[1]

On August 24, 2009 Ikanos acquired Conexant's Broadband Access product line for about $54 million in cash. It also announced an investment of $42 million from Tallwood Venture Capital.[2]

In June 2010, John Quigley replaced Michael Gulett as chief executive (who left in April). He was the fifth CEO in six years.[3]

A U.S. appeals court on May 25, 2012 revived a shareholder lawsuit accusing Ikanos of failing to properly disclose known defects in its semiconductor chips at the time it was conducting a 2006 stock offering.[4]

In August 2015, Ikanos was acquired[5] by Qualcomm Atheros in a deal worth around $47 million, with Qualcomm taking on $20 million of liabilities from Ikanos.[6] In August 2016 Qualcomm Atheros has closed its recently acquired Ikanos operations.[7]

References
  1. "Ikanos Founder Gets IEEE Task". Press release. December 10, 2001. Retrieved October 23, 2013.
  2. "Ikanos Communications Completes Acquisition of Broadband Access Product Line from Conexant Systems, Inc". Press release. Ikanos. August 24, 2009. Archived from the original on October 28, 2013. Retrieved October 23, 2013.
  3. Craig Matsumoto (June 8, 2010). "Ikanos Names Sixth CEO". Light Reading.
  4. Reuters (May 25, 2012). "U.S. court revives shareholder case against Ikanos". Retrieved October 23, 2013.
  5. "Qualcomm to Acquire xDSL and G.fast Networking Technology Provider Ikanos". Press release. Qualcomm. Aug 6, 2015.
  6. "Qualcomm acquires G.fast chip company Ikanos for $47 million". Aug 6, 2015.
  7. "Qualcomm Closes Ikanos & Its G.fast Operations". Aug 3, 2016.
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