Adaptec cancels AGM
Beleaguered Adaptec has cancelled its November 10 annual general meeting and legacy board chairman Joe Kennedy has apparently resigned. It appears Steel Partners has won the proxy war and has sufficient shareholder consents to carry out its plans of removing Adaptec CEO Sundi Sundaresh and Robert Loarie from the board, reducing …
Back to the articleThis topic is closed for new posts.
Posted Monday 9th November 2009 11:24 GMT
Either way.. #
It's the end.
It will just be faster now.
last one out turn off the lights.
It's a commodity market out there now with big multi-product companies. Likely no future for Niche companies like Adaptec any more.
If Logitech had stuck to selling Modula-2 and Mouses and Creative to Sound cards, they would be gone already. As it is the future is gloomy for them. Is Genius a brand owned by someone bigger now?
This topic is closed for new posts.
Most read
Popular Whitepapers
- Transforming IT culture
to assure business service quality and improve IT operational efficiency - The Register Webcast: Storage Virtualization
An introduction to the implications for enterprise IT - The Register Webcast - Desktop Support : The Hub of IT
Watch the webcast of The Register's recent desktop support seminar - The Great Virtualization Debate
Practitioner insights into the where, why and how - The Register Guide to managing spam
A primer on the implications for enterprise IT - The Register Guide to iSCSI
A primer on Internet SCSI, a protocol to transport SCSI commands over IP
Driving Situational Awareness:
Reshaping IT
Assuring application service quality
Application Performance Management:
