MOUNTAIN VIEW, Calif.-InterWAVE said it is trying to fine-tune and boost its finances as it undergoes discussions to be acquired.
“While we have historically managed well with our limited cash balances, our ability to continue to grow has been hampered, and those limited cash balances can make our operating difficult should we have an ‘off’ quarter,” said Erwin Leichtle, chief executive officer of the company, adding the company raised $5.3 million during the past year.
