Compaq to spin off OEM group

Finds buyer for $300 million arm

Sources close to Compaq said that the firm will soon sell its OEM division, based in Shrewsbury, MA. The OEM group looks after Compaq PCI, embedded and single board computing products, with turnover of around $300 million. The deal was supposed to happen towards the end of last year but was delayed. There is no information as to who the buyer is, but layoffs are inevitable. ®

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