|
Article Excerpt
Soapstone seeks sale Network support vendor Soapstone Networks Inc. is exploring strategic alternatives in the midst of a severe industry slowdown. The company posted a $30.27 million operating loss in 2008, and also announced a reorganization in February that curtailed discretionary spending, eliminated much of its contract labor force and trimmed the permanent headcount by roughly 10 percent.
The Billerica, Mass.-based company hired Morgan Stanley & Co. as an adviser as it considers its options, which may involve partnership agreements, the sale or spin off of business lines, or an outright sale of the company.
Soapstone, formerly known as Avici Systems, provides high-speed data networking equipment and routing solutions. As of early March, the company's shares were trading in the low $3.00 range, representing a market cap of $45 million. The company was founded by Larry Dennison, who left last year.
Another biopharma company seeks sale CuraGen Corporation, a Branford, Conn.-based biopharmaceutical company, has put itself on the block. In...
|
|
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
