Wednesday, September 10, 2008

MathStar Signs Investment Bank

Core Capital Group, an investment bank based in Colorado, said Wednesday that it has signed an agreement with Hillsboro, Oregon-based MathStar to complete a strategic analysis of the firm's technology and intellectual property. According to Core Capital Group, it will evaluate MathStar's FPOA products and technology for "strategic options and marketing strategies." MathStar develops semiconductors used for processing arithmetic and logic operations. The move comes a few months after the firm said it would shut down its programmable object array chip development and board-level systems development businesses. MathStar said in May that it was discontinuing those operations to preserve the company's assets.