March 2, 2007
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Sold… again!
Barely two years after my company was sold to Cypress, we’re being sold again.
Cypress Announces Sale of Automotive Image Sensor Business to Sensata TechnologiesPosted: March 1st, 2007 12:33 PM PDT
Cypress Semiconductor Corp. (NYSE:CY) today announced that it has
entered into a definitive agreement to sell its SMaL Camera
Technologies, Inc. subsidiary to Sensata Technologies, Inc. The
transaction is expected to close later this quarter.SMaL Camera provides cameras and camera subsystems to automotive
advanced driver assistance systems for such customers as Bosch and
Delphi. The company has approximately 25 employees.“Cypress acquired SMaL Camera in February 2005 and with it came
great technology to supplement our image sensor business and achieve a
stronger position in the market,” said Cliff Drowley, vice president of
Cypress’s image sensor group. “Our decision to divest the business is
based on a strategic shift to focus resources onto our custom image
sensor business. We believe that SMaL Camera’s automotive imaging
technology will complement Sensata’s existing strengths in automotive
applications.”In my 11-year work career I’ve only changed jobs once, but now I’ll have worked for five companies. That’s a lot of acquisitions, an average of about once every two years. So I guess it was right on schedule for another one.
The previous acquisition was very messy, botched badly on both sides. About a third of the people left. I didn’t handle it well myself, threatening to quit and actually handing in a resignation letter. But then my group manager decided to stay and convinced me to stay on also. I think I’m glad I stayed, as I later recruited lcshih and then became group manager myself.
If there’s anything I’ve learned through these acquisitions, it’s that there’s both a lot of danger and a lot of opportunity. I’ve seen people laid off, and I’ve seen people get big promotions. Things get shaken up, and it’s a good time to play your cards right and bring on your A-game. This acquisition seems to be going much more smoothly than the last one, which means less shake-up. But you never know…
Comments (8)
going once, going twice…sold…i assume you’ll be staying there?
whoah. good luck!
A-game = WoW game?
Oooooh… best wishes… hopefully soon I’ll call you President or CEO Ed! =)
The drama continues… but so far with good results each time! I hope it gets even better from here! Does Sensata have any need for a full-time WoW researcher/tester?
I say, yay for lots more vacation time! =)
I wish you the best, give me a call just to comisurate or somthing. Let’s see for me… In ten years here it’s been 9 jobs, 5 aquisitions/selloffs, fired (terminated) twice, quit once, and 1 early retirement. Change is constant.
Who knew there would be so much drama in that field?!?!