Friday, June 27, 2008

Crisis at Asyst Technologies

By Chris Thompson
Fri, Jun 27, 2008 at 9:11 AM

Looks like Fremont tech company Asyst Technologies has made some investors very unhappy. The East Bay Biz Times reports that the hedge fund Riley Investment Partners Master Fund is going to try to seize control of the board of directors and sell the company at auction. Last quarter, Asyst racked up a $900,000 loss, compared with $500,000 in profits for the same period a year ago.

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