Tuesday, June 22, 2010

Phoenix Technologies Announces Strategic Sale of HyperSpace Assets to HP

http://investor.phoenix.com/releasedetail.cfm?ReleaseID=478233

Phoenix Technologies Ltd. (Nasdaq: PTEC), the global leader in core systems software (CSS), today announced that HP has agreed to purchase the assets related to Phoenix's HyperSpace(R), HyperCore(R) and Phoenix Flip(TM) instant-on and client virtualization products. The consideration for the transaction is $12 million in cash and the closing is expected to occur in June 2010.

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