Briefs: Pegasus buys China wireless manufacturer

Dec 29, 2005

Pegasus Wireless took another step in its globalization plan Friday by taking controlling interest in Chinese wireless manufacturer CNet Technology.

The $1 million deal gave California-based Pegasus a 51-percent share of CNet, giving Pegasus a manufacturing presence in the booming Chinese wireless market.

Pegasus will now be able to base its wireless-device production closer to the market and consolidate operations currently scattered around the world. The deal comes on the heels of Pegasus acquisition of Amax Technology and its U.S. distribution network.

Pegasus CEO Jasper Knabb said the purchase moves his company closer to its goal of becoming an end-to-end provider of communication networks solutions and technology.

Copyright 2005 by United Press International

Explore further: Researchers discover low-grade nonwoven cotton picks up 50 times own weight of oil

add to favorites email to friend print save as pdf

Related Stories

Recommended for you

Taking great ideas from the lab to the fab

1 hour ago

A "valley of death" is well-known to entrepreneurs—the lull between government funding for research and industry support for prototypes and products. To confront this problem, in 2013 the National Science ...

SR Labs research to expose BadUSB next week in Vegas

2 hours ago

A Berlin-based security research and consulting company will reveal how USB devices can do damage that can conduct two-way malice, from computer to USB or from USB to computer, and can survive traditional ...

US warns retailers on data-stealing malware

3 hours ago

US government cybersecurity watchdogs warned retailers Thursday about malware being circulated that allows hackers to get into computer networks and steal customer data.

User comments : 0