SiliconBeat

Ampex, the long-time, once-venerable Silicon Valley company that pioneered recording media, got the OK Friday from the U.S. Bankruptcy Court for the Southern District of New York on the its reorganization plan. Not a surprise, of course, as those creditors “entitled” to vote on the plan approved it “overwhelmingly” back in July, according to the press release Ampex put out this morning. ) No word on what those creditors who weren’t entitled to vote think about the plan. Or the stockholders of the pre-bankruptcy Ampex, who are out of luck.

The company also reported receiving $5 million in new funding from Read the rest of this entry »