Hayes celebrated the finalisation of its takeover of Cardinal with price cuts of up to 20 per cent across its modem line.
Prices fell on all models of the 336 Optima and Accura modems with the deepest cuts - around 20 per cent - on the Accura Mac Message Modem, which now costs #135, and the Accura internal data/fax device, now priced at #109.
As part of Hayes' purchase of fellow modem maker Cardinal, Microsoft co-founder Paul Allen became a shareholder in the company, although the size of his stake was not revealed. Allen, through his company Vulcan Ventures, owned 75 per cent of Cardinal.
Hayes said the reason behind buying the privately held manufacturer of modems and ISDN adapters was to achieve economies of scale and expanded distribution channels, and to use up redundant factory space by consolidating plants.
Hayes chairman Dennis Hayes claimed he would maintain Cardinal's commitment to supply 56Kbps based on the X2 standard to the installed base, even though Hayes favours the rival 56Flex standard.
Microsoft receives a 30 per cent cut of all purchases on the Xbox digital store
Credit card thieves used Apple ID accounts to buy and sell virtual currency for Clash of Clans and Clash Royale and Marvel Contest of Champions
$5.1bn fine further evidence that the EU is anti-US, claims Trump
New cable will connect Virginia to France