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BUSINESS
September 30, 1997
Vertex Networks Inc., a developer and marketer of components for computer network switching applications, said Monday that four investment companies and new and existing investors have given it $3.6 million in new funding. The financing will be used for increasing production of the company's chips for local area network switches and for future product development.
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BUSINESS
September 9, 1999 | Bloomberg News
TDK Corp., the world's largest maker of audio and video tapes, said it has acquired more than a fourth of privately held Vertex Networks Inc., an Irvine-based semiconductor company, for $25 million in cash. The purchase makes Tustin-based TDK Semiconductor Corp., a wholly owned unit of TDK, the largest shareholder of Vertex, said spokesman Nobuyuki Koike. Vertex, which has 50 employees and annual sales of $14 million, makes advanced integrated circuits known as controller ICs.
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BUSINESS
September 9, 1999 | Bloomberg News
TDK Corp., the world's largest maker of audio and video tapes, said it has acquired more than a fourth of privately held Vertex Networks Inc., an Irvine-based semiconductor company, for $25 million in cash. The purchase makes Tustin-based TDK Semiconductor Corp., a wholly owned unit of TDK, the largest shareholder of Vertex, said spokesman Nobuyuki Koike. Vertex, which has 50 employees and annual sales of $14 million, makes advanced integrated circuits known as controller ICs.
BUSINESS
September 30, 1997
Vertex Networks Inc., a developer and marketer of components for computer network switching applications, said Monday that four investment companies and new and existing investors have given it $3.6 million in new funding. The financing will be used for increasing production of the company's chips for local area network switches and for future product development.
BUSINESS
June 8, 2000 | Bloomberg News
A Canadian semiconductor maker said Wednesday that it has agreed to buy closely held Vertex Networks Inc. in Irvine for stock worth about $202.9 million to gain technology that cuts data-transmission delays. Mitel Corp. in Kanata, Ontario, said in a press release that it will pay 11 million shares for Vertex. It plans to keep Vertex's 75-person staff. Vertex makes semiconductors that reduce delays in sending telephone calls and other voice transmissions over the Internet by as much as 75%.
BUSINESS
November 23, 1997
Bruce Fetter has been appointed chief operating officer of St. John Knits Inc., an Irvine designer, manufacturer and marketer of women's clothing and accessories. Fetter joined St. John in January, after 2 1/2 years at Bob's Stores, a division of Melville, and 17 1/2 years in the Dayton Hudson organization. In addition, the company said that Diane Griffiths, assistant designer to Marie Gray, resigned to spend more time at home with her family. She was with the company for 25 years.
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