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News Archive for April 12 to April 18, 1999
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Tuesday, April 13Zoom Telephonics has acquired many of the assets of Hayes Corporation, including many of their brand names, physical assets, and all the assets of Hayes Europe. The cost of the purchase was reported to be US$ 5.3 million. Hayes went bankrupt and ceased operations in March. AOL CEO Steve Case will speak to Congress next week in an attempt to encourage laws that would allow AOL and other Internet service providers to sell Internet access over cable networks owned by other companies. Freeserve, the free UK Internet service provider, may take its stock public. Intelliquis is giving away Lucent 56K modems with the purchase of its TotalFax software. The software has a suggested retail price of $69.95. Next Generation looks at the essential elements to making online console gaming a success. Ericsson is purchasing router manufacturer Torrent Networking Technologies for US$ 450 million. Cisco will pay US$ 2 billion for GeoTel, a company that makes call routing software.
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