$10-Million Stock Sale Will Help Aspeon Unit
Dow Jones
Aspeon Inc., an Irvine manufacturer of point-of-sale computers, said Thursday that it has sold $10 million in preferred stock to Marshall Capital Management Inc.
The stock can be converted later to common shares.
Aspeon said in a press release that it plans to use the funds to expand operations of Aspeon Solutions Inc., its application service provider unit.
Marshall is an affiliate of Credit Suisse First Boston Corp.
