Google (GOOG) has confirmed the acquisition of a mysterious start-up called Agnilux which was launched by a group of former employees of P.A. Semi, a chip company acquired by Apple for $278 million in 2008.
The web site peHUB, which first reported the acquisition, says San Jose-based Agnilux has held strategic investment talks with “companies like Cisco, Microsoft and Texas Instruments.” The peHUB story points out that the New York TImes in February reported that Agnilux might be working on some kind of server.
One of the few facts on the company’s Web site – the cached version, since the acutal site seems to be out of commission – is that the name Agnilux is derived from “agni,” the Sanskrit world for fire, and “lux,” the Latin word for light.
Article courtesy of BARRONS.com: Tech Trader Daily