October 27, 2004 12:55 PM PDT

iPod chipmaker edges toward stock market

PortalPlayer, the company whose chip powers Apple Computer's iPod, has moved a step closer to becoming publicly traded.

Santa Clara, Calif.-based PortalPlayer expects to sell 6.25 million common shares for between $11 and $13 per share, according to documents filed Wednesday with the U.S. Securities and Exchange Commission.

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