Mr. Rogers: Microtune is a Radio Frequency semiconductor and systems company. We concentrate solely on RF- (radio frequency) based products. Our focus has really been in the RF broadband communications and automotive markets, although we have recently entered the wireless connectivity market. And while we have the expertise to develop any type of RF products, we have focused on these defined markets, and we have continually expanded the product line to serve them. We started the company in 1996 and are well-known in the industry as the inventor of the world's first single chip silicon tuner. We launched our first product in 1999, and to date, we believe that we're still the only company in the world shipping a true single chip tuner today and have been doing so for quite some time. We ship our products to multiple sectors across our markets, including cable modem, set top box, TVs and digital TVs, and also in PC/TV applications, as well as in automotive entertainment and telematics. The company has 350 employees worldwide, 250 of those are RF experts, many of them RF silicon design engineers. The history of the company is that it was an authorized spinout from Cirrus Logic in 1996. Doug Bartek, who was the President of the graphics division of Cirrus Logic at that time, asked permission to take this piece of RF technology out of the company and was given that permission. As part of the agreement with the seed funding that he got from the Soros Group ' George Soros and the Quantum Fund and his management team ' Doug was required to go with that piece of the business. Doug continues to be active with the company. He is the CEO and Chairman. I am the CFO. I have been with the company for four years and three months now. Some of the milestones of the company, in addition to the first silicon tuner, includes three acquisitions. One of them was pre-IPO and that acquisition was of Temic Telefunken in Ingolstadt, Germany. Temic was an established and respected company that's been around for many, many years, and it really was the first to build an electromechanical tuner subsystem some 30 years ago. We acquired their systems expertise, sales and marketing infrastructure and extensive customer knowledge and we have since integrated our tuner technology with theirs to create complete systems solutions for our customers. That acquisition was completed in January of 2000. In August of 2000, we went public with a very successful public offering with Goldman Sachs as our lead investment banker. Just this last October, we acquired a company called SPaSE, a group focused on DVB-T silicon products. It was a design center in Nijmegen, Holland with about 25 employees. On November 28, 2001, we acquired Transilica. Transilica is a company that we paid about 20% of our market cap for, so a significant transaction. Transilica brought to us approximately 130 employees, 100 of them, again, RF technologists, basically doubling the size of our company in terms of technologists, while adding new RF products and capabilities. It brought wireless connectivity technology to Microtune, including products based on the Bluetooth and 802.11 standards. And that brings you up to where we're at today. I have 23 years in the industry, 10 years with Texas Instruments, and an MBA from Huron University in London. I spent four years in London, both going to school and working in the cable industry and then spent many years in the semiconductor industry both with Crystal, a division of Cirrus Logic and Cypress and then was asked by Doug to join Microtune. I knew Doug from my Cirrus Logic days.
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