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Technology / AI and automation

TIMEPLEX BUYS CYGNUS

Timeplex Inc will be paying about $14m in shares for Cygnus Computer Corp (CI No 765), which sounds a lot for a firm with sales of just $400,000 last year – but Timeplex looks for the fast Cygnus X25 packet switches to generate $150m to $170m of business over five years.

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CBR Staff Writer

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