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: 3-D printing innovation capable of making stronger, lighter metal works for auto, aerospace industries

add to favorites email to friend print save as pdf

Related Stories

Recommended for you

How to keep the world's eyes out of your webcam

19 minutes ago

There are concerns that thousands of private webcams around the world could be streaming live images to anybody who wishes to view them – without their owner knowing – thanks to a Russian website provi ...

Japan orders air bag maker to conduct probe

45 minutes ago

Japan's transport ministry has told air bag maker Takata to conduct an internal investigation after cases of its air bags exploding triggered safety concerns in the U.S. and other countries.

Algorithm, not live committee, performs author ranking

2 hours ago

Thousands of authors' works enter the public domain each year, but only a small number of them end up being widely available. So how to choose the ones taking center-stage? And how well can a machine-learning ...

Senators get no clear answers on air bag safety

12 hours ago

There were apologies and long-winded explanations, but after nearly four hours of testimony about exploding air bags, senators never got a clear answer to the question most people have: whether or not their ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.