Adaptec

(ADPT) - Get Adaptive Biotechnologies Corp. Report

, a computer storage products maker, said its software products unit

Roxio

is withdrawing its filing for an initial public offering.

The company filed for the IPO with the

Securities and Exchange Commission

last September.

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Adaptac said the withdrawal "will provide Roxio with the flexibility to consider a variety of options, including re-entering the public markets when market conditions improve, or pursuing other strategic opportunities.''

On Dec. 1, Adaptec

postponed Roxio's IPO, citing unfavorable market conditions.

Shares of Adaptec closed at $12.13 in

Nasdaq

trading, but fell to $11.81 in after-hours activity on

Island

.