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Rubric Capital Management is urging US technology company Xperi Inc. to cut costs and evaluate strategic alternatives for its artificial intelligence unit, people with knowledge of the matter said.
The New York-based investment group has told Xperi that it intends to nominate two directors to the company's five-person board, according to the people, who asked not to be identified discussing confidential informations. They are Thomas Lacey, who was chief executive officer of Xperi's predecessor company, and Deborah Conrad, a former Intel Corp. executive, they said.
Posted In: XPER
