Asia Pulse, Tuesday, April 3, 2001, by Staff Writer

SAN FRANCISCO, April 3 Asia Pulse - Global venture capital firm Walden International has announced that it will provide start-up capital for promsing high-growth technology enterprises located primarily in Asia and the United States.

It will target the communications, software, internet, semiconductors, electronics, implementation service and life science sectors, the company said in a statement.

This announcement follows Walden International's successful year in 2000, with more than 20 portfolio companies completing IPOs or acquisitions, including Centillium, iAsiaWorks, Accelerated Networks, EndWave, MediaRing, Promatory, SINA.com, Sonoma Systems, WebEx, Tsqware and Transmeta.

"Today's economic slowdown creates excellent opportunities for early investing," said Walden International's Executive Chairman, Lip-Bu Tan, who will lead the fund's management team.

"We expect to see a return to more reasonable valuations within realistic timeframes, making this the ideal environment to identify and invest in solid companies with long-term growth potential," he added.