Fairlawn, Ohio, Technology Company Abruptly Closes.

Akron Beacon Journal, Ohio Knight Ridder/Tribune Business News

May 7--Accelent Systems Inc., once one of the area's hottest technology companies, has closed abruptly after a proposed acquisition fell through.

At its peak three years ago, the company had 73 employees worldwide and worked closely with Microsoft and Intel in designing Internet appliances and portable hand-held devices.

But on Wednesday, the struggling company sent 19 employees home from the Fairlawn headquarters and said there is no money to pay them.

Former Chief Oper