SiliconBeat

Tvia, the troubled fabless chip company that filed for bankruptcy back in October days after its directors voted themselves $20,000 for past services and then promptly quit, evidently had a face-to-face meeting with a committee of its shareholders on Jan. 14 at which time it explained that its goal is to  liquidate the company, and that it viewed bankruptcy court as Read the rest of this entry »

A day after voting themselves $20,000 in cash for “past services” and a day before their company filed for bankruptcy, three directors of Tvia, a fabless — and profitless — Santa Clara company focused on chips for digital displays, called it quits Tuesday, according to a filing Thursday.

Among those resigning was Read the rest of this entry »

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 »

Focus Enhancement’s board of directors did a mass exodus Monday after they voted to approve filing for bankruptcy. Six of the board’s seven directors resigned leaving the company’s chief executive, Brett Moyer, as the sole board member, according to a filing the company  made with the SEC Wednesday.

That would mean that Carl Berg, the Silicon Valley venture investor and commercial real estate mogul who personally guaranteed Read the rest of this entry »