CEO: CSwitch halted operations, seeks buyer
(07/03/2009 1:29 PM EDT)
SAN FRANCISCO -- As had been rumored, programmable logic startup CSwitch Corp. has ceased operations and is looking to be acquired, the company's top executive confirmed Friday (July 3).
CSwitch President and CEO Doug Laird told EE Times that investors made the decision to temporarily halt operations sometime within the last few weeks. The move was made to conserve cash as investors initiated efforts to sell the company, Laird said.
Laird said CSwitch (Santa Clara, Calif.) is in negotiations with multiple companies interested in acquiring the firm. Because the negotiations are ongoing, Laird said he could not provide further details at this time.
E-mail This Article | Printer-Friendly Page |
|
Related News
- Logic Fruit Technologies Inc. Excitedly Welcomes Mr. Akshaya Sharma as the new CEO of US Operations
- Intel CEO's Departure Leaves Top U.S. Chipmaker Adrift
- Intel Announces Retirement of CEO Pat Gelsinger
- Sondrel announces CEO transition to lead next phase of growth
- Expedera Appoints Siyad Ma as New CEO to Drive Expansion, Innovation
Breaking News
- Micon Global and Silvaco Announce New Partnership
- Arm loses out in Qualcomm court case, wants a re-trial
- Jury is out in the Arm vs Qualcomm trial
- Ceva Seeks To Exploit Synergies in Portfolio with Nano NPU
- Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys Acquisition