Unstrung reports that another WiFi chip company is bucks-up and ready to ship:
Bermai’s first round of funding, for $21 million, came in March 2002. “We sized our ‘A’ [round] just about perfectly. We got orders just before we ran out of ‘A’ money,” Sanguinetti says.
As the line at the trough gets longer and more of the spaces are taken by companies like Atheros and Bermai with actual products and customers, we’re wondering why anybody would invest in the chip companies with no chips and no customers at this late date.
Megachipcos Intel and Broadcom have created opportunities for quick-strike, CMOS startups by building crappy parts, but not for the slow, lax, and arrogant.