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30 lose jobs in RidgeRun closure
The Idaho Statesman
covers the closure of RidgeRun, a company that was working on
Linux-based smart phones.
"The board of directors unanimously agreed not to accept some funding terms presented to us and rather than encumber the company on what we saw as difficult terms, we decided to shut down, Prince said.
In the midst of the shutdown, however, Prince remained hopeful some part of the company could be resurrected in the future.
I think a fair number of people here are looking at regrouping and attacking the same markets, said Prince, who blamed a soft technology market for the company´s troubles."
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