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Opti Inc.'s board of directors last week voted unanimously to dissolve the company subject to approval at a Nov. 12 annual meeting of shareholders. The Milpitas, Calif., fabless semiconductor company, founded in 1989, stopped developing core-logic products in 1999 to focus its efforts on developing controllers for LCD, 1394, and USB applications. Opti posted earnings of $400,000 on sales of $2.1 million for its most recent quarter, compared with a profit of $12.6 million on sales of $15.4 million during the same period in 2000, which included a one-time $13.3 million licensing fee. In a statement, the company said it decided to close after reviewing its business prospects and failing to find a buyer. Assets include about $31 million in cash and approximately 2 million shares of common stock in chip maker Tripath Technology Inc., Santa Clara, Calif.