Mindspeed Technologies Inc. announced that it has retained Morgan Stanley & Co. LLC as financial advisor to assist the board of directors in evaluating various strategic alternatives available to the company.

Mindspeed Technologies Inc. (NasdaqGS:MSPD) said that it hired Morgan Stanley & Co. LLC as financial advisor to assist the company’s Board of Directors in “evaluating various strategic alternatives available to the company.” Mindspeed did not disclose on what alternatives it may be considering.

Mood Media Corporation hires Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC to consider strategic alternatives. Mood Media Corp.'s Board of Directors and senior management have initiated a process to identify and consider a range of operational, financial and strategic alternatives to enhance shareholder value which could include, among other things, enhancing the company's existing strategic plan, a strategic combination with a third party or a potential sale of the company. The board has formed a strategic review committee comprising independent directors Harvey Solursh (committee Chairman), Justin Beckett and Richard Weil to oversee the review process.