SiliconBeat

Sunrise Telecom, the San Jose maker of test and measurement gear for the telecommunications, cable and wireless industries, is “exploring its strategic alternatives in order to enhance stockholder value,” according to a filing it made with the SEC Friday.

Alternatives being considered include asale to either a strategic buyer or a private equity fund, or a merger with a “similarly sized” company. Sunrise has retained Cabrillo Advisors as a financial advisor in the matter.

The company’s sales fell seven percent in the first half of fiscal 2009 to $40.1 million compared with the same period the year before.

“Although the Company has made substantial progress in its restructuring efforts and expects to demonstrate significant improvement in 2009,” stated Lyron Bentovim, Director and Chair of the Board’s Strategy Committee in a release, “management and the Board believe that the interests of shareholders are best served by considering strategic alternatives.”