Last October, iReady unveiled its target software suite that it said would allow OEMs to bring Fibre-Channel-to-iSCSI adapters to market sooner, but it seems the product had little success (see Can iReady Hit Its Targets?).
An iReady spokeswoman said CEO Ryo Koyama would not comment for this story, and National Semiconductor did not return calls for comment by press time.
What companies may be interested in picking up whats left? According to at least one source, National Semiconductor is an unlikely buyer because it has already paid for the technology. Further, iReadys value to National Semiconductor is diminished because its design center in Hawaii would be expensive to maintain, and key engineers have already left.
Several sources says LSI Logic Corp. (NYSE: LSI) is the most likely candidate, because it already has ties to iReady. LSI Logic licenses iReadys TOE engine in its accelerator chip. LSI has a strong relationship to iReady one analyst says. Another insider agrees LSI Logic would likely get the first shot at buying iReadys assets.
"We dont comment on rumors or speculation, LSI Logic spokesman Kevin Brett says.
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