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| Divio is acquired by ESS
Technology. (Nasdaq:ESST) |
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08/18/2003 |
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ESS Technology (Nasdaq: ESST), a
leading supplier of silicon
solutions for digital video and
digital audio consumer
electronics, announced that it
has acquired Divio, Inc. for
$27.1 million in cash. Divio's
technologies include advanced
digital video encoding, video
compression and image
processing. The acquisition will
expand ESS's product lines in
the digital consumer electronics
market with advanced MPEG-1,2,4
encoders and DV codecs for
digital video recorders, digital
still cameras and solid state
digital camcorders. |
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