Posted by Jack Davis on March 18th, 2009 at 8:27 pm | Categorized as Docu-Drama, Silicon Storage Technology | Tagged as Asset impairment, Late filing, Silicon Storage Technology
Silicon Storage Technology, the Sunnyvale supplier of NOR flash memory semiconductor devices used in digital devices, said it’s not able to file its annual financial 10-K filing because it’s in the process of increasing the impairment charge it will be taking related to its investment in Grace Semiconductor Manufacturing, a privately held Cayman Islands company.
The company reported Feb. 4 that it would be taking a Read the rest of this entry »
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Posted by Jack Davis on January 19th, 2009 at 5:32 pm | Categorized as Economic slowdown, Layoffs, plantronics | Tagged as Altec Lansing, Asset impairment, Bluetooth, Layoffs, plantronics
Plantronics, the Santa Cruz maker of headsets said last week that it plans to cut 18 percent of its workforce, or about 900 jobs, “effective immediately”, the same day that it warned that its sales for its fiscal 2009 third quarter would be about $184 million, lower than the guidance range it had previously given of $205-$220 million.
The company blamed the shortfall on Read the rest of this entry »
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