Business Services Industry
Fremont, Calif.-Based Computer Hardware Firm to Acquire Compaq Division.
Knight Ridder/Tribune Business News, August, 1999 by Hoffman, Bryce G.
Knight Ridder/Tribune Business News
Aug. 20 -- FREMONT, Calif. -- How do you celebrate a 57 percent increase in earnings? Well, if you're SMART Modular Technologies Inc., you buy Compaq Computer Corp.'s embedded chip division for a start.
The Fremont-based manufacturer of computer memory modules and other hardware components will acquire Compaq's embedded and real-time product division for an undisclosed sum. The deal covers the division's hardware and software products, proprietary technologies and global team of engineering talent.
"This addition will launch SMART into a leadership position within the fast-growing market for embedded computing solutions," said Ajay Shah, the company's chief executive officer. "We will offer a broader range...
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