Capella designs, develops, and markets high-speed, high-performance analog and analog/digital mixed signal integrated circuits (ICs) for optical systems. In other words, we turn light into analog and digital signals. Currently we are focused on the optical storage arena with DVD and related front-end products. Capella is a fabless design company with solid, established relationships to several foundries for its wafer requirements, including a strategic alliance with one of the major foundry companies in Taiwan. Catching light is what Capella Microsystems, Inc. (CMI) is all about. Fittingly, 2001 is also the year Capella will go on our greatest odyssey–popularizing the CMOS PDIC. With a unique approach to development that leverages our optical expertise, we plan to enter other areas including fiber optic communications, power electronics, and virtually anywhere a photonic IC can be utilized.