SiliconBeat

Xtent, the Menlo Park development-stage medical device company whose board decided to throw in the towel and liquidate its assets, postponed a special meeting it had called to obtain approval from shareholders over its “plan of dissolution”.

The meeting, which was to take place on Thursday, July 9, has been rescheduled for Aug. 3 to give the company Read the rest of this entry »

Integrated Device Technology, which last week announced the closing of its purchase of the Canadian chip maker, Tundra Semiconductor, said today it would reduce its workforce by about 4.1 percent after assessing its “ongoing personnel needs in light of the acquisition.”

Based on the most recent figures we could find, Read the rest of this entry »

The former Silicon Valley software company Borland has gotten the price offered for it by the British business software developer Micro Focus increased 50 percent. The increase came about thanks to the emergence of a rival bidder Borland identified in a filing last week only as “Company A” k that offered to pay $1.25 a shares, 25 percent above the original Micro Focus offer.

Representatives of “Company A” began Read the rest of this entry »

Maxygen, the Redwood City biotech company that hired Lazard last October to help it explore “strategic options” about the same time it laid off 30 percent of its staff, announced plans today for a deal with Astellas Pharma of Japan that will transfer most of its research and development operations and personnel to the a new joint venture funded by $10 million co-payments by both companies.

Maxygen will contribute substantially all of its Read the rest of this entry »

A deal reached last month in which the former Silicon Valley software company Borland agreed to be acquired by the British business software developer for $1 a share is now on hold as Borland’s board now entertains a $1.25 per share bid from an undisclosed “Company A,” according to a filing Borland made Thursday with the SEC.

Representatives of Read the rest of this entry »

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 »

During his keynote address to the audience at this year’s JavaOne conference last week, Sun Microsystems co-founder Scott McNealy took time to introduce a special guest to the stage, saying “there’s kind of a big pink elephant, uh, in the room”, according to a transcript of that portion of the talk Sun filed with the SEC.

The metaphorical elephant was none other than Read the rest of this entry »

Oclaro, the San Jose fiber optics component supplier formed by the April merger of Bookham and Avanex has a new largest shareholder: LeRoy Kopp. According to a regulatory filing Tuesday, Kopp and his Minnesota investment firm, Kopp Investment Advisors, have acquired 9.3 million shares of Oclaro, or about 5 percent of its outstanding shares.

As of May 26, Kopp and his firm owned about Read the rest of this entry »

How long would Ken Klein (pictured), the chief executive at Wind River Systems, stick around should the Alameda supplier of embedded software become a division of the world’s largest chip maker? No one can say for sure, but two years would seem to be a relatively safe bet. That’s how long Klein needs to remain with the company in order to receive all of a $5 million retention bonus promised him as part of the merger agreement with Intel, which offered to buy Wind River last week for $11.50 a share in a deal it valued at $884 million.

Details of Klein’s hiring agreement were filed Monday with the Securities and Exchange Commission along with Read the rest of this entry »

SumTotal Systems, the object of competing private equity firm’s affections, said today in a filing that it had received yet another counter offer from Vista Equity, although it did not disclose the price.

Vista originally sought to buy the company in early April for Read the rest of this entry »