By January 1999, Acorn Computers Ltd. had renamed to Element 14 Limited to reflect the changed focus of the business and to distance itself from the education market that Acorn Computers was most known for.[5][6][7] Other names had been considered by the company, but the domain name e-14.com had been registered before the official announcement.[8]
During this time the ARM Holdings share value had increased to a point where the capital value of Acorn Group was worth less than the value of its 24% holding in ARM.[9] This situation led shareholders to press Acorn to sell its stake in ARM Holdings to provide a return on their investment.[9]
In May 1999, a deal was offered to Acorn Group plc shareholders by MSDW Investment Holdings Limited, a newly incorporated subsidiary of Morgan Stanley Dean Witter Group, in which the MSDW subsidiary would acquire Acorn by giving Acorn shareholders two ARM Holdings shares in exchange for every five Acorn Group shares being held.[10]
As part of the disposal of Acorn's assets, an independent company "owned by Stan Boland and certain senior management" were granted the option to purchase Acorn's silicon and software design activity for £1 million subject to obtaining external financing. This company was effectively the independent Element 14 entity,[11] which set about raising venture capital and subsequently secured £8.25 million in first-round funding from Bessemer Venture Partners,[12] Atlas Ventures[13] and Herman Hauser's Amadeus Capital Partners.[14]
In February 2000, Element 14 successfully head-hunted Alcatel's top digital subscriber line (DSL) engineers, including designers of analogue front-end and digital ICs, xDSL modem software and specialists in asymmetric DSL (ADSL) and very high rate DSL (VDSL) systems, and thereby acquired an engineering centre in Mechelen, Belgium. This reflected a shift towards the companies targeting of the DSP technology away from Media and towards DSL markets.[15]
Element 14 developed IPTV over standard phone lines and worked with telcos such as Canada's NBTel.[16] It continued to develop its DSP products until it was purchased by Broadcom Corporation in November 2000 for £366 million[17] and Element 14 became Broadcom's DSL business unit.[18][19]
Referencesedit
^ ab"Financial Statements for the Year Ended 31 December 1998". Companies House. p. 24. Retrieved 25 July 2021.
^Gain, Bruce (4 October 2000). "Broadcom to pay $594M for European DSL supplier". EE Times. Retrieved 11 May 2012.
^Wilson, Dave (4 October 2000). "Broadcom acquires Element 14". The Engineer. Retrieved 11 May 2012.
^Fairbairn, Douglas (31 January 2012). "Oral History of Sophie Wilson 2012 Computer History Museum Fellow" (PDF). Computer History Museum. Retrieved 6 December 2022.
^. 6 May 1999. Archived from the original on 6 May 1999.
^Clarke, Peter (14 January 1999). . EE Times. EE Times. Archived from the original on 3 October 2012. Retrieved 8 June 2011. Acorn Computers Ltd. has changed its name to Element 14 Ltd. as part of its conversion from a computer designer and manufacturer to a developer of software and silicon intellectual property (IP).
^Santarini, Mike (25 January 1999). . EE Times. EE Times. Archived from the original on 3 October 2012. Retrieved 8 June 2011. Acorn Computers Ltd. (Cambridge, England) has changed its name to Element 14 Ltd. as part of its conversion from a computer designer and manufacturer to a developer of software and silicon intellectual property (IP).
^. Computergram International. 5 January 1999. Archived from the original on 10 June 2014. Retrieved 3 December 2013.
^ ab"Ailing Acorn agrees to pounds 270m US takeover". independent.co.uk. 28 April 1999. from the original on 21 March 2016.
^(PDF). marutan.net. Archived from the original (PDF) on 23 July 2011. Retrieved 14 January 2011.
^(PDF). marutan.net. Archived from the original (PDF) on 18 July 2011. Retrieved 14 January 2011.
^. www.bvp.com. Archived from the original on 15 January 2011.
^"Atlas coughs up $13m for Acorn spin-out". theregister.co.uk. from the original on 10 August 2017.
^. www.amadeuscapital.com. Archived from the original on 18 December 2010.
^Swift, Caroline (13 April 1999). . Personal Computer World. Archived from the original on 8 December 2012. Retrieved 10 April 2012.
^Broadcom buys Element 14 27 September 2007 at the Wayback Machine, Electronic News, 9 October 2000
^"Broadcom acquires Element 14 - The Engineer The Engineer". theengineer.co.uk. from the original on 14 March 2012.
^Gain, Bruce (10 April 2000). . EE Times. EE Times. Archived from the original on 3 October 2012. Retrieved 8 June 2011. Broadcom Corp. [...] agreeing to offer $594 million in stock [...] to purchase Element 14 Ltd. [...]
This article about an English company is a stub. You can help Wikipedia by expanding it.
element, company, other, uses, element, disambiguation, element, british, developer, digital, subscriber, line, equipment, created, july, 1999, from, disposal, assets, acorn, computers, three, site, startup, combined, teams, from, acorn, inmos, stmicroelectron. For other uses see Element 14 disambiguation Element 14 Ltd was a British developer of digital subscriber line DSL equipment created in July 1999 from the disposal of the assets of Acorn Computers 1 3 As a three site startup it combined teams from Acorn Inmos STMicroelectronics and Alcatel 4 Element 14 LtdCompany typePrivateIndustryDigital subscriber linePredecessorAcorn ComputersFounded28 July 1999 1999 07 28 1 Defunct4 October 2000 2000 10 04 2 FateAcquiredSuccessorBroadcomKey peopleStan BolandHistory editBy January 1999 Acorn Computers Ltd had renamed to Element 14 Limited to reflect the changed focus of the business and to distance itself from the education market that Acorn Computers was most known for 5 6 7 Other names had been considered by the company but the domain name e 14 com had been registered before the official announcement 8 During this time the ARM Holdings share value had increased to a point where the capital value of Acorn Group was worth less than the value of its 24 holding in ARM 9 This situation led shareholders to press Acorn to sell its stake in ARM Holdings to provide a return on their investment 9 In May 1999 a deal was offered to Acorn Group plc shareholders by MSDW Investment Holdings Limited a newly incorporated subsidiary of Morgan Stanley Dean Witter Group in which the MSDW subsidiary would acquire Acorn by giving Acorn shareholders two ARM Holdings shares in exchange for every five Acorn Group shares being held 10 As part of the disposal of Acorn s assets an independent company owned by Stan Boland and certain senior management were granted the option to purchase Acorn s silicon and software design activity for 1 million subject to obtaining external financing This company was effectively the independent Element 14 entity 11 which set about raising venture capital and subsequently secured 8 25 million in first round funding from Bessemer Venture Partners 12 Atlas Ventures 13 and Herman Hauser s Amadeus Capital Partners 14 nbsp Broadcom Corporation s offices at Cambridge Science Park in 2011In February 2000 Element 14 successfully head hunted Alcatel s top digital subscriber line DSL engineers including designers of analogue front end and digital ICs xDSL modem software and specialists in asymmetric DSL ADSL and very high rate DSL VDSL systems and thereby acquired an engineering centre in Mechelen Belgium This reflected a shift towards the companies targeting of the DSP technology away from Media and towards DSL markets 15 Element 14 developed IPTV over standard phone lines and worked with telcos such as Canada s NBTel 16 It continued to develop its DSP products until it was purchased by Broadcom Corporation in November 2000 for 366 million 17 and Element 14 became Broadcom s DSL business unit 18 19 References edit a b Financial Statements for the Year Ended 31 December 1998 Companies House p 24 Retrieved 25 July 2021 Gain Bruce 4 October 2000 Broadcom to pay 594M for European DSL supplier EE Times Retrieved 11 May 2012 Wilson Dave 4 October 2000 Broadcom acquires Element 14 The Engineer Retrieved 11 May 2012 Fairbairn Douglas 31 January 2012 Oral History of Sophie Wilson 2012 Computer History Museum Fellow PDF Computer History Museum Retrieved 6 December 2022 Acorn Acorn and Element 14 Questions and Answers 6 May 1999 Archived from the original on 6 May 1999 Clarke Peter 14 January 1999 Acorn renamed refocused as Element 14 EE Times EE Times Archived from the original on 3 October 2012 Retrieved 8 June 2011 Acorn Computers Ltd has changed its name to Element 14 Ltd as part of its conversion from a computer designer and manufacturer to a developer of software and silicon intellectual property IP Santarini Mike 25 January 1999 Acorn reinvents itself as IP vendor Element 14 EE Times EE Times Archived from the original on 3 October 2012 Retrieved 8 June 2011 Acorn Computers Ltd Cambridge England has changed its name to Element 14 Ltd as part of its conversion from a computer designer and manufacturer to a developer of software and silicon intellectual property IP Acorn plans name change to reflect new ambitions Computergram International 5 January 1999 Archived from the original on 10 June 2014 Retrieved 3 December 2013 a b Ailing Acorn agrees to pounds 270m US takeover independent co uk 28 April 1999 Archived from the original on 21 March 2016 Recommended Offer by Morgan Stanley amp Co Limited on behalf MSDW Investment Holdings Limited for the entire ordinary share capital of Acorn Group plc PDF marutan net Archived from the original PDF on 23 July 2011 Retrieved 14 January 2011 Acorn Group PLC Preliminary Announcement of Audited Results for the Year Ended 31 December 1998 PDF marutan net Archived from the original PDF on 18 July 2011 Retrieved 14 January 2011 Companies www bvp com Archived from the original on 15 January 2011 Atlas coughs up 13m for Acorn spin out theregister co uk Archived from the original on 10 August 2017 Element 14 www amadeuscapital com Archived from the original on 18 December 2010 Element 14 snatches Alcatel DSL designers Electronics Weekly 9 February 2000 Swift Caroline 13 April 1999 From little Acorns Element 14 grows Personal Computer World Archived from the original on 8 December 2012 Retrieved 10 April 2012 Broadcom buys Element 14 Archived 27 September 2007 at the Wayback Machine Electronic News 9 October 2000 Broadcom acquires Element 14 The Engineer The Engineer theengineer co uk Archived from the original on 14 March 2012 Gain Bruce 10 April 2000 Broadcom to pay 594M for European DSL supplier EE Times EE Times Archived from the original on 3 October 2012 Retrieved 8 June 2011 Broadcom Corp agreeing to offer 594 million in stock to purchase Element 14 Ltd nbsp This article about an English company is a stub You can help Wikipedia by expanding it vte nbsp This article about a telecommunications company is a stub You can help Wikipedia by expanding it vte nbsp This article about an IT related or software related company or corporation is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Element 14 company amp oldid 1181283190, wikipedia, wiki, book, books, library,
