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TI acquires Luminary Micro

5/14/2009 10:00 PM EDT
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danlutes
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re: TI acquires Luminary Micro
danlutes   5/16/2009 6:36:24 PM
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Well, being acquired by TI may not be the "dream come true IPO everyone gets rich" scenario. However, it beats the heck out of fuming or having VC's shut you down even with money still in the bank. Both have happened to promising startups in Austin recently.

EmbeddedFlyer
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re: TI acquires Luminary Micro
EmbeddedFlyer   5/15/2009 7:57:00 PM
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This is horrible news! It's like Wal Mart buying Nordstroms! Luminary is a great entrepreneurial company that stands well above *any* of the other ARM chip vendors in terms of innovation, ease of doing business, customer support, etc. Being owned by TI is almost certain to destroy that great entrepeneurial spirit in a dozen different ways like tighter budgets, lay offs, less creativity, lack of freedom, and other typical big company Dilbert-style "merger synergies". I believe Luminary only had around 100 employees. I hope each and every one of them receives a fat bonus out of the deal rather than having all the profits from the sale go into just a few pockets at the top. And if TI messes up Luminary I'll go out of my way to keep their parts out of any designs I have anything to do with.

svdave
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re: TI acquires Luminary Micro
svdave   5/15/2009 4:39:17 AM
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I feel sorry for the engineers at Luminary. TI has a horrible track record when it comes to acquisitions. TI has been reducing its investment in digital design and SoC development for sometime now. When the folks at Luminary try to explain why they need 20 engineers on a complex design, the management at TI will balk and cut Luminary's development budget. TI exec management is so risk averse that the most complex design they can commit to is a voltage regulator. And why should the mgmt at TI take any risks? If they take a risk and fail, they're out. If they do nothing except design more voltage regulators, they keep their fat salaries, bonuses, and stock options a little longer. Luminary was acquired because it has a product TI wants right now. Let's see if the folks from Luminary ever develop anything else.

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