TITLE

Cirrus closes Caretta China subsidiary, posts $13.7M loss

AUTHOR(S)
Deffree, Suzanne
PUB. DATE
May 2008
SOURCE
Electronic News;5/5/2008, Vol. 54 Issue 18, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Cirrus Logic Inc. to close its Caretta Integrated Circuits, a subsidiary based in Shanghai, China. Cirrus purchased all of the outstanding stock of Caretta for $10.5 million last January 2008. Jason Rhode, chief executive officer (CEO) of the high-precision analog and digital signal processing components maker, Caretta's products no longer fit in with plans for growth.
ACCESSION #
31981822

 

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