GALILEO TECHNOLOGY

Galileo Technology is a fabless semiconductor company that designs and markets complex semiconductor devices which solve important problems in high-performance embedded control systems, principally in the area of data communications. Galileo is focused on the mid-to-high-end of the embedded control market, as represented by systems that typically sell for more than $500 and predominantly use high-performance RISC microprocessors. The largest segments of this market are data communications and... imaging, areas in which Galileo excels. Over the past year, most of Galileo's new product and new customer efforts have been focused on data communications. Galileo's products are divided into three areas: high-performance core logic, data communications controllers, and WAN interface devices, all of which are key building blocks of embedded systems. Galileo Technology Ltd. was founded in Karmiel, Israel in January 1993 with the charter of providing advanced semiconductor devices to the embedded control market. Galileo opened its marketing and business development group, Galileo Technology Inc., in San Jose, California, in March 1994. Galileo today employs more than 100 people and has sites in San Jose, Boston, London, and Israel. Galileo is a public company, traded on NASDAQ under the symbol GALTF. The Israeli operation is responsible for the architecture and design of all chip and board-level products offered by Galileo, as well as product engineering, test engineering, and quality control. The responsibilities of the U.S. organization include sales, marketing, technical support, operational logistics, and customer service for all customers worldwide. The U.S. and Israeli operations work closely with customers to define new products and provide technical support.More