San Diego chipmaker Entropic Communications Inc. said on Sept. 16 that it hired an investment bank to help it evaluate “strategic options to enhance shareholder value.”
“The board intends to consider a wide range of alternatives available to the company,” Entropic (Nasdaq: ENTR) said in a statement. “The company has engaged investment bank Barclays in connection with its efforts.” Entropic gave no date for announcing its decision.
In some cases, businesses speak of strategic options while exploring the sale of a company.
Entropic, which is restructuring and closing some of its facilities, also said Sept. 16 that it was lowering its revenue forecast to $43 million in its third quarter.
The business makes chips used in set-top boxes and other places in the connected home. Patrick Henry is the company’s CEO.