Hillsboro tech company raises $17.9M

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Thursday, March 20, 2014

Radisys Corp. sold 5.7 million shares of additional stock at $3.40 per share.

That's below Wedneday's closing price of $3.89. Shares fell 16 cents at the open this morning -- 4.2 percent -- to $3.74. In the past year, Radisys has traded between $2.02 and $5.20.

Radisys makes components that other companies use in their electronics. The business has been on shaky footing for years, and Radisys has been trying to downsize by shifting into smaller, more profitable niches. Early results, though, have been disappointing.

Read more at OregonLive.com

 

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