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Aviza Technology to be delisted from NASDAQ Friday
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As of June 19, 2009, Aviza Technology will be delisted from the NASDAQ Stock Market. The move comes after Aviza filed for Chapter 11 bankruptcy in the U.S. on June 9, 2009. Aviza would have been delisted at some stage this year, without the bankruptcy, due to its prolonged period of trading below US$1.0 on the exchange.
Sumitomo Precision Products is said to be considering a partial purchase of Aviza’s technology. Aviza is hoping to remain partially operational during the Chapter 11 process.
However, other companies have started to offer services to Aviza customers. Beacon Engineering Support Technicians LLC claimed last week that it had started the the ‘Beacon Engineering's Watkins-Johnson Rescue Initiative’ after the sudden influx of Watkins-Johnson product line customers to Beacon.
Beacon Engineering is also asking current and former Aviza staff to submit their CV’s as the demand from customers of Aviza is increasing.