Plastic Logic dumps QUE; moves to next generation product; thanks patient investors
Plastic Logic Ltd said it is revising its product strategy and will shift its focus to bring to market a second-generation ProReader plastic electronics-based product.
The company said it has cancelled its QUE product, which it debuted in January and had planned to ship earlier this year.
CEO Richard Archuleta said: "We recognize the market has dramatically changed, and with the product delays...
Legal & General buys 3 more buildings in Cambridge Science Park
Legal & General Property has bought the long leasehold interest in 194, 196 and 198 Cambridge Science Park from the University of Cambridge's Trinity College for £35.0m, reflecting a net initial yield of 6.62%.
The property comprises three A grade office buildings completed in February 2009 and arranged over three floors. Occupying a 6.5 acre...
News Briefs: Major new investor for Plastic Logic? CSR chip powers Sennheiser; new talent for 42 Technology
Russian Corporation of Nanotechnologies (Rusnano), a non-profit state-owned company, is considering acquiring a controlling stake in Plastic Logic Ltd, one of Cambridge's leading high-tech companies, according to European Plastic News.
Sources in Rusnano have declined to comment, however a source close to the potential deal said the Russian company has not yet received approval from its Board, the web site reported.
CSR expands audio skills with acquisition of APT
CSR plc has acquired Belfast-based APT Licensing Ltd for an undisclosed sum, following a successful three year collaboration under the CSR eXtension Partner Programme, which saw APT's professional quality audio compression brought to consumers on CSR's wireless audio platforms.
The acquisition enables a tighter integration of the apt-x low latency audio compression...
ARM results power ahead on chip design wins, new markets
Chip designers ARM Holdings plc said multiple design wins that took it further into new markets powered a strong financial performance in the first half of the financial year ended in June.
Revenue increased 54% to £100.0m and pre-tax profits jumped from £6.4m to £29.6m.
CEO Warren East said: ""We are pleased to report strong underlying revenue and profit performance in the...
