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COM DEV International offers up RF components business for sale or merger

News | 09/04/2001 4:00 am EDT

COM DEV International Ltd plans to sell or merge its wireless components business and focus on operations that promise better returns, particularly its space and wireless Internet systems businesses. In a conference call with analysts last week following the release of the company's third-quarter results, president and CEO Keith Ainsworth explained that the global market for RF components has deteriorated significantly, resulting in fewer orders from its largest customers.

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