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June 10, 2009
June 10, 2009 - June 16, 2009
Volume XII, Issue 17
In This Issue...
Students Wait for New Classrooms as State Employees Take Furloughs
SV Fire Pins Station Hopes on Stimulus Money
Scotts Valley Library Advocates "Cautiously Optimistic" about Sports Center Deal
Home-Based Business Expo planned for the San Lorenzo Valley this Summer
Watch County Library Board in Action
As County and Others Make Cuts, Scotts Valley Alone Avoids Furloughs
Aviza Files for Chapter 11 Bankruptcy
Supervisors Attempt Compromise with Poor Clares Rezoning in Aptos
Rispin Mansion Fire Investigation Takes a Twist
Digital Television Becomes the Standard June 12
Fire Season has Quiet Start After Last Year's Wildfires
Changes Coming to Local Campaign Financing
Construction Will Close Highway 236
911
McClish to Hear Evidence in Watsonville in August
Crimebeat
Crimebeat 06/10/09
Newsmakers
Newsmakers 06/10/09
Opinions
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The Mid-County Post > News
Aviza Files for Chapter 11 Bankruptcy
Scotts Valley-based Aviza Technology, a supplier of advanced semiconductor capital equipment and process technologies, filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code on June 10.

The company attributed its financial difficulties to falling global demand in its industry. It has laid off and furloughed workers and reduced salaries in an attempt to restructure, and recently entered an agreement to sell certain of its assets and businesses to Sumitomo Precision Products based in Japan.

That plan is still expected to go forward during the bankruptcy proceedings, according to a company statement. Aviza will also continue essential operations, including product support, service and warranty programs.

Its 43-acre Scotts Valley site has been on the market for several years. Initial deals fell through when the city refused to rezone the site for housing. A $13 million offer from commercial Fowler Property Acquisitions in March 2008 looked promising, but that firm backed out after inspections in August.

The company's systems are used in a variety of segments of the semiconductor market, such as advanced silicon for memory devices, advanced 3-D packaging and power integrated circuits for communications. In addition to the Scotts Valley location, Aviza has manufacturing, R&D, sales and customer support facilities in the United Kingdom, Germany, France, Taiwan, China, Japan, Korea, Singapore and Malaysia.
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