SiliconBeat

Equinix, the Foster City supplier of data-center hosting,  said today in a regulatory filing that it “is not aware of any undisclosed accounting
matters affecting the company.

Several investors had contacted the company to inquire about a rumor in the market regarding Read the rest of this entry »

Immersion, the San Jose provider of hardware and software “touch” technologies used in digital devices said in a filing today that its audit committee has begun an internal investigation into “certain previous revenue transactions in its Medical line of business. The company said the investigation is being conducted “with the assistance of outside counsel”.

The company did not rule out the possibility of Read the rest of this entry »

A deal reached last month in which the former Silicon Valley software company Borland agreed to be acquired by the British business software developer for $1 a share is now on hold as Borland’s board now entertains a $1.25 per share bid from an undisclosed “Company A,” according to a filing Borland made Thursday with the SEC.

Representatives of Read the rest of this entry »

IPass, the Redwood City developer of business-mobility software whose board has spent much of the last two years struggling with large and disgruntled investors, has agreed to “take steps to return to shareholders” up to $40 million, according to a deal it has reached with Foxhill Master Fund. Foxhill, which owns about 7 percent of iPass’s outstanding shares, had launched a proxy battle to declassify the iPass board, forcing all directors to stand for re-election each year rather than serving in various overlapping terms. It also nominated three people of its own choosing to serve on the iPass board.

One of the three, Kenneth Traub, has been Read the rest of this entry »

Two of the nine directors on the board at Leadis Technology resigned Wednesday and, as a result, the remaining board voted to approve reducing the number of directors on the board to seven, according to a regulatory filing today.

That move effectively put the kabbash on Read the rest of this entry »

Actel, the Mountain View chip maker, extended the deadline for director nominations a second time at the request of one of its largest shareholders, Ramius, a New York-based “alternative” investment firm that offered a detailed critique of Actel’s business back in November,

Actel first extended the deadline on Feb. 13 by a week to Feb. 20 but the day before that deadline Read the rest of this entry »

Starbucks, which wants to enact a “one-time stock option exchange” in light of its shares losing about three-quarters of their value over the last couple of years, decided to delete one sentence from its 2005 stock plan following “discussions with (shareholder advisor) RiskMetrics Group in connection with its review” of the shareholder approval it is seeking at the coffee retailer’s annual meeting next month.

You can read the offending sentence for yourself, but the gist is, Read the rest of this entry »

For the first time since the company went public in 1990, Xilinx has an independent chairman of its board of directors, now that Philip Gianos has been elected to the position to replace former chief executive Willem Roelandts, who will remain on the board. Read the rest of this entry »

Intel will be the first Silicon Valley company among the vanguard of public companies in the United States that will ask shareholders this year to express their approval or disapproval of the way the company compensates its top executives.

The announcement came via Read the rest of this entry »

The board of directors at Satyam Computer Services evidently wanted investors and customers to know that they’ve been busy in the wake of the disclosure earlier this month by the company’s chairman and co-founder that the Indian outsourcing company had significantly inflated its earnings and assets for years.

The board completed its third meeting in thirteen days Friday, according to a release filed with the SEC Friday headlined “Satyam Board announces Decisive action on Key issues”.

What “decisive” moves were announced? Well, Read the rest of this entry »