Microsoft sells Wireless Knowledge stake
Microsoft sold its stake in Wireless Knowledge, the wireless software maker it and Qualcomm created in 1998. Wireless Knowledge bought the shares from Microsoft and will become a subsidiary of Qualcomm. Financial terms were not disclosed.
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Although Microsoft sold its stake because it believed it was time for both companies to pursue their respective goals using their independent technologies, it intends to continue collaborating with Wireless Knowledge on new projects.
--Kelly Carroll, staff writer
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© 2012 Penton Media Inc.
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