Wednesday, June 10, 2009

CallWave: Private Again

CallWave, once one of Southern California's heralded technology successing, is going private and voluntarily delisting its stock, putting an end to the public era of the firm's existence. CallWave--which moved its executive team and headquarters to San Francisco in September of last year--said Wednesday that it will delist its stock from the Nasdaq, to try to reduce the expenses associated with the firm's listing and corresponding SEC filing requirements. The move follows the sale of its hallmark FAX business in February to j2, and turmoil and layoffs over the last two years as the firm's Internet call waiting service declined with the rise of broadband connectivity and corresponding drop in dial up usage. CallWave debuted back in 2004, and was one of Santa Barbara's most prominent technology firms to come out of the Internet era.