Gamco wants California Micro Devices to eliminate poison pill

By Lisa Kerner

Charlotte, N.C., June 2 - California Micro Devices Corp. shareholder Gamco Asset Management Inc. asked the company's board of directors to redeem the preferred share purchase rights under the Sept. 24, 2001 rights agreement and eliminate its poison pill or submit the issue to a stockholder vote, according to a schedule 13D/A filed on Tuesday with the Securities and Exchange Commission.

Gamco beneficially owns 2,184,950 shares, or 9.28%, of the company's outstanding stock.

California Micro Devices is a Milpitas, Calif.-based maker of application-specific protection devices and display electronics devices for the mobile handset, digital consumer electronics and personal computer markets.

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