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Investor reports Jazz Technologies stake


Published : Thu, 05 Apr 2007 20:50
By : Agencies
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NEW YORK (AP) - Silver Point Capital LP reported a 22 percent stake in semiconductor foundry Jazz Technologies Inc., formerly known as Acquicor Technology Inc., according to a regulatory filing Thursday with the Securities and Exchange Commission.

Silver Point Capital reported beneficial ownership of 7.1 million shares. The Greenwich, Conn.-based investor said it acquired the stock for investment purposes only.

Shares of Jazz Technologies, which is based in Newport Beach, Calif., dipped 2 cents to $4.10 in afternoon trading on the American Stock Exchange.

Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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