Shares of Integrated Circuit Systems closed down more than 14 percent today following the departure of the company's chief executive. A provider of Ethernet circuits and frequency timing generators, Integrated Circuit issued a terse statement on Friday announcing that Stavro Prodromou had resigned. In a separate press release issued today, the company said it expects its earnings for the quarter to be in line with analysts' forecasts.
Short Take: President and CEO of Integrated Circuit Systems resigns
Shares of Integrated Circuit Systems closed down more than 14 percent today following the departure of the company's chief executive. A provider of Ethernet circuits and frequency timing generators, Integrated Circuit issued a terse statement on Friday announcing that Stavro Prodromou had resigned. In a separate press release issued today, the company said it expects its earnings for the quarter to be in line with analysts' forecasts.
Discuss: Short Take: President and CEO of Integrated Circuit Systems resigns
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