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April 6, 1988

CALIFORNIA MICRO DEVICES TAKES POWERFUL ALLY ON BOARD

By CBR Staff Writer

California Micro Devices Corp, Milpitas, California is taking a powerful ally on board in the shape of Compania Telefonica Nacional de Espana: the Spanish phone company’s wholly-owned Compania Espanola de Tecnologia SA subsidiary is to buy about 600,000 California Micro shares at $8.25 a shot, subject to the completion of continuing negotiations on terms of the agreement.

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