Simtek Corp (SMTK)

[Setonian]

SmokingUSA, DM didn't get a better offer, he's still with SRAM....................

Mitchell, who will remain as a consultant to Simtek for a certain period and receive certain benefits and payments, has served in executive positions with Simtek since 1997. Blomquist said, "I would like to thank Doug for his many contributions to Simtek over the years. Under his leadership the Company weathered a difficult period when fab capacity and lack of access to advanced processes limited Simtek's growth. He was also instrumental in engaging with Cypress Semiconductor in advanced product and process development as announced last week," Blomquist said.

I wouldn't be surprised if Cypress eventually buys all of Simtek if their product pans out in the coming Qs.

Maybe Doug heard those rumors and was not for it and step down to consult in lieu of quitting.

Just my conjectures and I do feel Simtek is now poised to do well in the coming Qs.

Good luck to you and gooooooooooo SRAM!