Compaq spins off PAIX
Sells it for $70m cash+considerations
Posted in Business, 24th May 1999 14:13 GMT
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Compaq has started spinning off its acquired companies barely ten minutes in IT terms after it bought them. The latest to go is Palo Alto Internet Exchange (PAIX), which Compaq has sold to AboveNet for a cool $75 million, most of which is cash. AboveNet will provide "certain services" to its ex owner. ®
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