Intersil Acquires BitBlitz for SerDes Devices

Intersil has acquired BitBlitz Communications, a start-up that supplies high-speed serializer-deserializers (SerDes), retimers and transponders, for $2.5 million in cash. In addition, Intersil has agreed to pay contingent consideration of up to $5 million if certain performance milestones are met in 2004 and 2005. BitBlitz is based in Milpitas, California. http://www.intersil.com