Monday, July 27, 2009

Soapstone Completes Liquidation and Dissolution by Stockholders

The stockholders of Soapstone Networks voted to approve the liquidation and dissolution of the company. In connection with the approval of the company's Plan of Liquidation, the company's Board of Directors has approved an extraordinary cash dividend of $3.75 per share of the company's common stock. A certificate of dissolution has been filed with the Delaware Secretary of State.
http://www.soapstonenetworks.comSoapstone Networks, which was the company created when Avici Systems decided to exit the core router business, developed control plane software to help automate service provider networks. One of its main capabilities was PBB-TE module for the PNC which includes the dynamic provisioning, monitoring and repair of services across a multi-vendor Carrier Ethernet network as well as network operations support.