Business Services Industry
Two Tempe, Ariz., Technology Companies Hurt by Economic Downturn.
Knight Ridder/Tribune Business News, August, 2002
By Ed Taylor, The Tribune, Mesa, Ariz. Knight Ridder/Tribune Business News
Aug. 16--A pair of small Tempe, Ariz., technology companies have announced actions that reflect the continuing struggles of the high-tech sector. Prodeo Technologies Inc., a producer of manufacturing equipment for the semiconductor industry, said Thursday it filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. And Integrated Information Systems Inc., a Tempe-based technology consulting business, said it faces delisting next week from the Nasdaq SmallCap market because it fails to meet the exchange's minimum bid price per share.
Prodeo filed for Chapter 11 reorganization in the U.S. Bankruptcy Court in Phoenix "as part of an ongoing effort to work out...
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