Audiovox chief rides wave of technological change
Long Island Business News, Jul 9, 2004 by Ken Schachter
In June, the company made one of its biggest moves ever, agreeing to sell its 75 percent-owned mobile phone handset unit to Alameda, Calif-based UTStarcom Inc. The sale gets Audiovox out of the crowded cellular phone field and nets it about $90 million in cash.
Even though I'm 70, I still feel I have a lot of productive years, Shalam said. I love coming to work. At this point, I can go on a holiday. But, at the same time, I contribute to the development of the company.
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