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Modem maker shutting down after sale efforts fail

ATLANTA -- Hayes Corp., a computer technology pioneer that fell behind the times, is shutting down after two decades. Some 250 employees were laid off Monday, leaving only a handful from a peak of 1,200 for the company that once dominated the personal-computer modem business. The company had filed for Chapter 11 bankruptcy protection and reorganization last Oct. 9, and had been talking to potential buyers. However, its primary lender notified the company it wouldn't continue funding efforts to keep Hayes alive.

http://chronicle.augusta.com/stories/1999/01/06/tec_249439.shtml
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Howard succeeds founder as chairman of modem maker

NORCROSS, Ga. -- Ron Howard was picked Tuesday to succeed founder Dennis Hayes as chairman of Hayes Corp., a Norcross-based maker of computer modems. Howard has been the company's vice chairman and chief executive officer. Hayes will remain as a director and the largest individual shareholder in Hayes Corp., company officials said Monday. "I'm not sure what I want to do," Hayes said in an interview last week with The Atlanta Journal-Constitution.

http://chronicle.augusta.com/stories/1998/10/21/bus_242432.shtml
Business
56K modems becoming standard

...telephone lines could never carry data at the speeds being achieved by the 56K devices. The breakthrough came when modem makers discovered that such speeds were indeed possible if a one-way digital signal were imposed over the phone line. But...

http://chronicle.augusta.com/stories/1998/08/10/tec_235664.shtml
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Business briefs

...per share. 3Com buying U.S. Robotics CHICAGO - 3Com Corp., a maker of computer networking products, is buying modem maker U.S. Robotics for $6.6 billion as the two seek to become a leader in the business of connecting computers. The...

http://chronicle.augusta.com/stories/1997/02/27/biz_204607.shtml
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Faster modems

...significantly, to 75 million a year by the year 2000 from 50 million last year. The stock of 3Com Corp., a major modem maker, edged up 18 3/4 cents to $32.87 1/2 on the Nasdaq Stock Market after falling sharply Thursday. Analysts have...

http://chronicle.augusta.com/stories/1998/02/07/tec_222047.shtml
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'Bottleneck' giving way to faster connections

...exceed 1 megabyte per second. Neil Clemmons, vice president of marketing for 3Com Corp., which recently acquired modem maker U.S. Robotics, said he expects cable connections to the Internet to become increasingly popular. Right now, one-way...

http://chronicle.augusta.com/stories/1998/01/18/tec_220834.shtml
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3Com buying U.S. Robotics for $6.6 billion

CHICAGO - 3Com Corp., a maker of computer networking products, is buying modem maker U.S. Robotics for $6.6 billion as the two seek to become a leader in the business of connecting computers. The deal announced...

http://chronicle.augusta.com/stories/1997/02/28/tec_204685.shtml
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