MILPITAS, Calif., Sept. 20 /PRNewswire-FirstCall/ -- Sipex (OTC:
SIPX.PK) today announced that it has received a notification from the Staff
of the U.S. Securities and Exchange Commission that the investigation into
matters related to the Company's historical financial reports and revenue
recognition practices has been terminated, and no enforcement has been
recommended to the SEC with respect to the Company.
"Now that this matter is behind us, we can focus our full attention on
improving our company and growing our business," said Ralph Schmitt, CEO of
Sipex.
About Sipex Corporation Sipex Corporation is an analog semiconductor
company that addresses standard linear and application specific standard
products (ASSP) for customer systems that are primarily targeted at the
consumer, networking and industrial markets. The products are categorized
into three synergistic areas of power management, interface and optical
storage. Sipex is a global company with operations in Asia, Europe and
North America. It is the mission of the Company to create innovative analog
products that enable customers to produce differentiated products.
Ralph Schmitt, CEO and Member of the Board of Directors
Phone: 408-934-7500
Fax: 408-935-7678
Email: RSchmitt@sipex.com
SOURCE Sipex Corporation
 back to top
Related links:
http://www.sipex.com/
http://www.prnewswire.com/comp/111683.html/
CONTACT:
Ralph Schmitt, CEO and Member of the Board of
Directors of Sipex, +1-408-934-7500, or fax, +1-408-935-7678, or
RSchmitt@sipex.com
|
