Optical/IP Networks

CSR Dismisses IPO Talk

Anyone expecting an IPO from Bluetooth trailblazer Cambridge Silicon Radio plc (CSR) in the near future shouldn't hold their breath. CSR has dismissed media reports of a public listing before the end of this year as "pure speculation."

"We have no immediate plans," says communications manager Alan Woolhouse, adding that "CSR never comments on market rumors of a possible IPO." [Ed. note: Never say never, Alan. In fact, wasn't that first sentence a comment?]

CSR has been at the forefront of the single-chip Bluetooth market since 1999, and has secured $85 million in funding over four rounds from VC firms LDC and Scottish Equity Partners (see CSR Raises $19M and Funding: Startup Roundup).

Last year the company was listed seventh in Unstrung's Top 25 Startups poll, following successful early deals with Microsoft Corp. (Nasdaq: MSFT) and 3Com Corp. (Nasdaq: COMS).

— Justin Springham, Senior Editor, Europe, Unstrung

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