LogMeIn Files for $86M IPO; Gets Money from Intel

Remote computer access service provider LogMeIn has filed to raise up to $86.3 million through an initial public offering, according to a filing late last week with the SEC. The Woburn, Mass.-based company reported a loss of $6.5 million on sales of a mere $18.1 million for the nine months ending Sept. 2007, but its growth is strong, with sales increasing 151 percent in the same time period.
As it uses a peer-to-peer data transfer model after it makes the connection between the home computer and the remote user, LogMeIn faces less of an infrastructure burden as it grows. It has filed to trade on the Nasdaq under the symbol LOGM. Read More about LogMeIn Files for $86M IPO; Gets Money from Intel

AST Co-founder’s Venture to Bridge the PC-TV Gap

qureshey.gifA chance meeting with Safi Qureshey, one of the early pioneers of PC revolution, took me on a trip down memory lane, back to the go-go days of early 1990s when PC stocks generated as much enthusiasm amongst investors as Google (GOOG) does today.

Qureshey was one of the three co-founders of AST Research, a PC hardware company whose star shined as brightly as the established brands such as IBM (IBM), Compaq and Hewlett Packard (HPQ). In 11 years it went from a startup to a Fortune 500 company, only to vanish in the mists of time, as the direct sales model of Dell (DELL) took over the PC industry.

A soft-spoken man, Qureshey knew that Intel’s decision to standardize the PC business around its motherboards would eventually turn the business into box-making exercise, one that left little room for innovation and profits for anyone other than Intel (INTC) and Microsoft (MSFT).

With the passing years, Qureshey and AST faded from my memory. All I remembered was that he was one of the first tech entrepreneurs I interviewed for a small New York-based weekly newspaper. The generosity of time he accorded this lowly scribe was a memory that stayed with me.

quartics_logo.gifToday, we reminisced about the go-go years of PC industry when we got together to discuss his new company, Quartics. The naiveté of my youth has been replaced by gray in the temples and the cynicism of middle age. The PC has matured as well, but Qureshey is out to prove that there is life in the aging platform.

His Irvine, Calif.-based chip maker has come up with a range of media co-processing chips that do one simple task – take video signals from your personal computer and make them play back on any television. “Your PC is your IP set top box,” he says.

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