October 20, 1994 |
Modem Makers to Merge: U.S. Robotics Inc. and Megahertz Holding Corp., leading makers of personal computer modems, agreed to merge in a stock transaction valued at $213 million. The deal blends U.S. Robotics' strength in desktop modems with Megahertz's power as the No. 1 maker of credit card-sized modems for portable computers. Projected revenue next year is $650 million. Megahertz will become a subsidiary of Skokie, Ill.-based U.S. Robotics but will maintain its operation in Salt Lake City.