Foxconn, facing tough competition from local Chinese companies and squeezed by Apple, sees a way to boost revenues and margins with the acquisition of Belkin (Om Malik)
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Foxconn, facing tough competition from local Chinese companies and squeezed by Apple, sees a way to boost revenues and margins with the acquisition of Belkin — “I can't put my finger on why, but this acquisition seems weird to me,” writes John Gruber, describing Foxconn's decision to buy Belkin for $866 million.
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