The market leader in mobile messaging and a major supplier of telecommunications infrastructure around the world -- LogicCMG didn't see a bright future in telecom. So, they sold out their Telecom unit for $250M to a group of money men. For 60% of the SMS market in Europe, that is a pretty sad number -- but cash always helps with the tears.
Here's what ZDnet had to say:
http://news.zdnet.co.uk/communications/0,1000000085,39286015,00.htm
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