Lantronix
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| Lantronix, Inc. | |
| Type | Public (NYSE: LTRX) |
|---|---|
| Founded | 1989 |
| Headquarters | Irvine, California, USA |
| Industry | Computer hardware |
| Employees | 150 (World-wide) |
| Website | www.lantronix.com |
Lantronix is an Irvine, California based manufacturer of LAN-attached serial and parallel access devices, print-servers and terminal server products. Early products included the P4000 terminal server capable of communicating with LAT and TELNET protocols.
[edit] Lawsuit
A lawsuit was filed in 2002 after the company restated its revenue for 18 months in 2000 and 2001 which sent the stock price from $10 to 36 cents a share by removing $7.4 million from the sales numbers. The restatement was followed by the CFO, CEO and founder being dismissed from the company. In 2006 Lantronix announced a $15.2 million settlement of a class action lawsuit filed by shareholders who lost money.[1]
[edit] References
- ^ "Lantronix settles investors' lawsuit" - The Orange County Register - December 28, 2006
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