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Integrated Telecom begins its liquidation.
Byline: Greg Johnson
Bankrupt Integrated Telecom Express Inc. began to officially liquidate Friday, May 2.
But the maker of integrated circuits and software for broadband service providers still faces the prospect of paying $26 million to the landlord of its San Jose, Calif., headquarters.
ITE's liquidation plan was confirmed by the U.S. Bankruptcy Court for the District of Delaware in Wilmington back on April 7.
The landlord, NMSBPCSLDHB LP, charges that ITE still owes it about $26 million in back rent. ITE fought the claim, arguing that the landlord never made court filings on time.
ITE said that if its landlord is allowed a …
