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Tech Industry

Roaster goes under

The Java development toolmaker closes its doors for good and puts its technological assets up for sale.

Java development toolmaker Roaster Technologies closed its doors for good today, as its weak finances could not keep the Massachusetts-based company afloat.

The company's board of directors said all day-to-day business activities will cease immediately, and the technological assets of the company are for sale. Companies and individuals who show interest in the company's assets are now being interviewed, according to Roaster management.

In a statement, the company's president and CEO, John Dhabolt, said that despite the popularity of Roaster products, "sales alone cannot generate the investment required to continue producing the first-class products our users rightfully demand."

The company's technological assets include the recently released Java-based development tool Roaster 4, the Macintosh Java Virtual Machine source code, the PowerPC JIT technology, and the Macintosh-based Roaster 3.0 and 3.1 product line.

Dhabolt said Roasted Java News, a site with links to news stories about Java, will continue to publish daily.