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Report: Adaptec Closing Foothill Ranch Site

Milpitas-based Adaptec Inc., a devolving maker of data storage networking gear, has closed its Foothill Ranch operation, according to a report on a technology news site.

Socaltech.com cited a source close to the company and didn’t have other details on the move.

Adaptec is selling off operations after activist investor Steel Partners LLC of New York gained control of the company a few months ago.

Earlier this week, Adaptec said it was selling chips, circuit boards and software used with data storage computers to Santa Clara-based PMC-Sierra Inc. for $34 million.

Adaptec acquired the Foothill Ranch facility with its 2008 buy of Aristos Logic Corp., a maker of controller chips for storage networks, for $41 million.

Aristos Logic, which made chips and circuit boards for data storage computers, was based in Foothill Ranch.

Despite the Foothill Ranch closure, what’s left of Aristos appears to be largely what’s left of Adaptec.

The company said Aristos chips, along with real estate, patents and about $400 million in cash, are what remain of Adaptec.

Adaptec said earlier this week it “plans to explore all strategic alternatives to deploy the proceeds of the sale” of its remaining holdings.

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