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 »
As euphemisms go, Sysview Technology (ticker:SYVT.OB) fell back on the dreaded “strategic opportunities” when it announced it had hired investment bank Oppenheimer & Co.
In an 8-k filed on Wednesday, the San Jose-based provider of imaging solutions said it had retained the services of Oppenheimer to:
“explore and evaluate a range of strategic opportunities to enhance shareholder value, including, but not limited to, combinations, partnerships, sales or mergers of its operations or assets with another entity and/or a recapitalization.”
With its stock price barely visible without a microscope (72 cents on Wednesday), the company’s real options may be limited. The days when its stock almost hit $50 per share after its IPO in mid-2000 are but a distant dream.
Still, optimism apparently reigns at Sysview. In the press release for the announcement, CEO Darwin Hu cheerfully predicts the company expects 25 percent annual growth “for the foreseeable future.”
Sounds like a bargain for someone. If the company was for sale. Which it may or may not be.
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