Efficient Networks, Inc. to be acquired by Siemens for $1.5 billion

Siemens will offer $23.50 per share, which values Efficient Networks at approximately $1.5 billion. The transaction will enable Siemens Information and Communications Networks Group (ICN) to strengthen its global leadership position in the DSL broadband access market.

GOLDEN, COLO., Feb. 23, 2001 – The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) today announced the addition of six incubators to the National Alliance of Clean Energy Business Incubators, formed by NREL in April 2000.

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