Monday, January 29, 2007
Data Evolution Holdings Inc. (DEC) has completed the acquisition of Advanced Micro Devices Inc.'s Personal Internet Communicator (PIC) device technology assets.
Last year, AMD dropped its line of low-cost PCs that were geared for developing nations, according to a filing by the company. AMD (Sunnyvale, Calif.) dropped the PIC, a device that cost $249 for the computer and a 15-inch monitor.
''This is an exciting acquisition for DEC,'' said Robert Sowah, DEC's chief executive, in a statement. ''We are aggressively pursuing our thin client strategy, part of which calls for expansion into high-growth markets. Adding the PIC product design to our portfolio of products is a significant step in that direction.''
Combined with the company's existing line of mobile computer offerings, the addition of the PIC product design, which is a low-cost, low-power desktop computer, makes DEC (New Orleans, Louisiana) a bigger supplier of thin client products.
By: DocMemory
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