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, Inc. was a Silicon Valley
Silicon Valley is a term which refers to the southern part of the San Francisco Bay Area in Northern California in the United States. The region is home to many of the world's largest technology corporations...
A startup company or startup is a company with a limited operating history. These companies, generally newly created, are in a phase of development and research for markets...
that invented and sold a a GPS-based location technology for cellphones. Founded in 1995 by Steve Poizner
Stephen Leo "Steve" Poizner is an American businessman/entrepreneur and conservative Republican politician, who was elected State Insurance Commissioner of California in November 2006, and concluded the 4 year term in January 2011...
and Norman Krasner, it grew to 65 employees before being bought by Qualcomm
Qualcomm is an American global telecommunication corporation that designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access technology and other technologies. Headquartered in San Diego, CA, USA...
in 2000 for $1 billion in stock.