Homeplug semiconductor company, Intellon, reached a difficult milestone last week, pricing their Initial Public Offering around $6/share and joining NASDAQ as ticker ITLN. That is a significant accomplishment for any company, but even more impressive as an Ocala, FL-based chip company — a space dominated by west coast and international firms. In related news, Intellon recently announced they may move HQ to Orlando, Toronto or San Jose — keeping core R&D in Florida.
Their stock price has moved around a bit so far and I’m hoping they see a steady climb through 2008. The home networking space is brutal, but Intellon’s bet on AV and HomePlug could pay dividends, particularly overseas. Wireless and coax are formidable alternatives in the US as carriers and cable companies fight to provide all digital services to the home: internet, phone, and TV.
I’m proud to know many from the Intellon team and wish them continued success. Congrats guys!