Computer Business Review
Ross Technology Inc, the failed Austin, Texas-based Sparc chip maker, said on Friday that the board has adopted a plan of complete liquidation and dissolution as the preferred option for the already announced orderly shutdown of its operations. But the company's BridgePoint business unit, created last quarter to house Ross's sales, service and operations employees, is to survive under the control of Ross's former vice president of operations, Joe Jones. Jones has formed a new holding company which will buy-out BridgePoint's business for $5.66m in cash plus debts. Ross will sell off the remainder of its assets, but the company does not predict that funds will remain for a shareholder distribution after the company has paid off its creditors.
CommentsPost a comment
Comments may be moderated for spam, obscenities or defamation.
Trending on CBR
Planning for Improved Email Availability
This Osterman Research white paper, sponsored by Neverfail, discusses the problem of email availability based on the results of a survey conducted...
The Critical Need for Encrypted Email and File Transfer Solutions
This white paper discusses key issues around encryption for both email and file transfer systems, some of the leading statues that require...
Aberdeen Group Field Service 2011 Report
The explosion of mobility in both the consumer and enterprise arenas is undeniable. Download this free white paper to find out more about mobility...
Practical Fundamentals for Master Data Management
In this paper we look at the levels of maturity and capability necessary for deploying enterprisewide initiatives, such as MDM, and ponder why...
Mimecast is a rapidly expanding Software as a Service (SAAS) company. We provide an online technology platform that radically improves the way...
ClickSoftware - Consulting Services, Implementation Services and Training
ClickSoftware is engaged in service and workforce management software solutions and products.
BCS - Enabling the Information Society
Established in 1957, BCS, The Chartered Institute for IT, promotes wider social and economic progress through the advancement of information...
Hitachi Data Systems - Storage Economics
Storage economics presents a major shift in the way companies assess their storage requirements and investment returns, from one focused on capital...