There's a report on The Register website that Broadcom - described on their website as "provider of highly integrated silicon solutions that enable broadband digital transmission of voice, video, and data" - has bought Element 14.

Described as a "leading developer of High Port Density, Low-Power DSL Chipsets", Element 14 was bought for $594 million in shares. This gives Broadcom access to E14's skills in designing ADSL and DSP chips, and E14's 68 employees a large chunk of change "very similar to what we would have recieved in an IPO" according to Stan Boland.