Orbit Semiconductor announces purported class action.SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 19, 1995--Orbit Semiconductor Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ORRA ORRA Orlando Regional Realtor Association ORRA Oak Ridge Rowing Association ORRA Off-Road Radio Association ORRA Ontario Road Riders Association ORRA Oriental Rug Retailers of America, Inc. ) today announced the filing of a purported class action against the company and three of its officers and directors in U.S. District Court in Northern California. On Dec. 18, 1995, the company was served with a purported class action filed by Dorothy Wiesel, the alleged owner of 100 shares of common stock. The action alleges that the defendants violated Section 10(b) and Rule 10b-5 and Section 20(a) of the Securities Exchange Act of 1934. Orbit stated that the complaint is without merit and it intends to vigorously defend against the claims made in the complaint. Orbit provides semiconductor design, manufacturing and engineering support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services that allow system designers to manage application specific integrated circuit production, scheduling and inventory control effectively. Through Orbit's ENCORE! program, customers can convert their ASICs into Orbit gate arrays for more cost-effective solutions or accelerated delivery. The ENCORE! program, in conjunction with Orbit's independent manufacturing capability, addresses limitations associated with field programmable gate arrays (FPGAs) as well as mask programmable gate arrays (MPGAs). The advantages of ENCORE! gate arrays include low-volume requirements, low-unit cost, fast turnaround, high performance, design flexibility, programmable power supplies, packaging options and guaranteed functionality. Because Orbit has its own manufacturing facility, it can guarantee customers on-time delivery. A leader in FPGA (Field Programmable Gate Array) A type of gate array that is programmed in the field rather than in a semiconductor fab. Containing up to hundreds of thousands of gates, there are a variety of FPGA architectures on the market. conversion services, Orbit has completed more than 600 design conversions through its ENCORE! program. In June, Orbit acquired KMOS KMOS Kernel of a Multiprocess Operating System (UNIX clone) Semiconductor, a supplier of CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. mixed-signal (analog-digital) ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. designs based on cost-effective gate arrays. The KMOS mixed-signal gate arrays and their low-voltage design methodology provide a significant opportunity in battery-operated products. Orbit also provides high-reliability manufacturing and prototyping services. The company sells its products and services to designers of a wide variety of electronic systems and products for application in the medical, telecommunications, consumer, aerospace and military, computers and peripherals, and other industries. CONTACT: Orbit Semiconductor Inc. Gary Kennedy or Joe Wai, 408/744-1800 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion