SiliconBeat

Leadis Technology, the Sunnyvale chip maker that has been selling itself off bit by bit, said today that Integrated Device Technology has agreed to buy assets related to Leadis’s touch sensor business. The deal, which closed Wednesday, calls for IDT to pay Leadis $6.25 million. IDT offered employment “to certain employees” affiliated with the business.

Several investors have 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 »

In what should be music to the ears of at least some of its investors, Leadis Technology, said Monday that it last week sold some of its development-stage intellectual property to a “publicly-traded supplier of analog and mixed-signal” semiconductors for $2.3 million.

Leadis  received $2 million of the total at the close Read the rest of this entry »

Leadis Technology, the Sunnyvale supplier of analog and mixed-signal semiconductors used in portable and consumer electronics devices, slashed its sales forecast for its current quarter by more than half from its previous target of $5.2 million in revenue, to from $2-$2.5 million. The lowered outlook fell as a result of “customer order pushouts” on the company’s two largest display-driver products built into high-end smart phones, according to  chief executive Tony Alvarez in a statement.

The news won’t be music to two of Leadis’s largest investors, Read the rest of this entry »

Dialectic Capital Management boosted the stake their funds hold in Leadis Technology, the Sunnyvale maker of mixed-signal chips used in flat-panel displays, to 10.3 percent. In the last 60 days the firm has acquired 169,093 shares that it paid $128,515 for, at an average price of 76 cents per share.

Dialectic reported the holdings on a form 13-D, along with the disclaimer that its investment managers, John and Luke Fichthorn “have been and may continue to be” in touch with Leadis’s board, other “significant shareholders and others regarding alternatives” the company could employ to increase shareholder value.

Among the “alternatives” Dialectic suggests Read the rest of this entry »