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Eee PC competitor to target emerging markets

Cloudbook maker Everex bought by Newmarket

Everex, maker of the Cloudbook mini-laptop, has agreed to be acquired by systems integrator Newmarket Technology for an undisclosed sum.

Newmarket said it will buy 75 percent of Everex's shares from parent company First International Computer, a Taiwan-based PC vendor.

Everex is well-known for the Linux-based Cloudbook, an inexpensive ultraportable notebook computer that competes with Asus's Eee PC in the US. In April, Everex announced Cloudbook Max, an ultraportable laptop that includes WiMax mobile broadband capabilities.

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The company also sells laptops and desktops in North America and Asia-Pacific through Wal-Mart and other distribution channels.

Newmarket, which provides systems integration and technology infrastructure services, said Cloudbook's ability to offer high-speed WiMax capabilities will be at the centre of the company's effort to offer new mobile technologies to customers, according to Philip Verges, CEO and founder of Newmarket, in a letter to shareholders on Tuesday.

Newmarket is interested in bringing ultramobile products, especially the WiMax-enabled Cloudbook, into emerging markets, said Paul Kim, director of marketing at Everex.

The deal is likely to close on September 1.


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