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DESPITE THE sale of intellectual property and equipment for $2.3 million, former staff of Xsil are still waiting for wages and other money owed to them when the company suddenly ceased trading last October.

As creditors of Xsil, some staff are now considering an attempt to have the company placed into liquidation. In a conference call with investors earlier this week, Paul Oldham, chief financial officer of the Nasdaq-quoted Electro Scientific Industries, said: “We paid $2.3 million to purchase intellectual property and related capital assets of Xsil.”