Vyyo, loosely translated, means “air” in Hindi. And air is what the Norcross, Ga.-based cable broadband equipment maker with that name might have run out of. The company, which used to trade on Nasdaq under the ticker VYYO, is down to some $5.3 million in cash and cash equivalents, according to an SEC filing. The sad turn of events for the company comes a year after it received a big cash infusion — $35 million — from Goldman Sachs. It now has a market capitalization of around $3 million and trades on the Pink Sheets OTC market.
Vyyo makes spectrum-overlay technology that allows cable providers to give big boosts to both upstream and downstream bandwidth. Unfortunately, with the exception of a handful of buyers, the company couldn’t get its technologies widely deployed. And according to Cable Digital News, Vyyo has been fighting a losing battle with vendors that make switched digital video and 1 GHz bandwidth expansion gear.