Taking The Pulse Of The Texas Technology Industry
|
Taking The Pulse Of The Texas Technology Industry |
|
Wednesday, September 3, 2008
RF Monolithics Gets Credit FacilityDallas-based RF Monolithics, a developer of components for the wireless M2M market, said Wednesday that it has received an updated credit facility from Wells Fargo Bank. According to the firm, the new credit facility keeps in place its existing loans, including $3M in a term loan and $11M in a revolving credit line. According to RF Monolithics, the credit facility expires in December of 2010. RF Monolithics has been slashing jobs and selling off or discontinuing businesses, in a bid to return to profitability, and the credit facility indicates the firm's lenders appear to be comfortable with the firm's moves. The firm cut a software subsidiary in early August, and laid off 17 percent of its workforce, on top of employee cuts in April. posted on Wednesday, September 3, 2008
|
 RSS Feed  Newsletter
TwitterPrevious Issues Tuesday, November 18, 2008 Monday, November 17, 2008 Thursday, November 13, 2008 Wednesday, November 12, 2008 Tuesday, November 11, 2008 |