[December 17, 2008] Sunrise Telecom Sells Protocol Product Unit For $10 Million Tweet Dec 17, 2008 (financialwire.net via COMTEX) -- December 17, 2008 (FinancialWire) -- Sunrise Telecom, Inc. (OTC: SRTI ) (Current Market Cap: US$24.65 Mil.) said that it has successfully completed the divestiture of its Protocol Products Group to LTE Innovations for around $10 million in cash before the repayment of certain intercompany obligations and holdbacks associated with indemnities. The company also said it has completed the divestiture of its high resolution OTDR business in Switzerland. Sunrise Telecom said sold the business to its former managers and will share in any future upside potential. Sunrise said that the transactions are in line with its strategy of divesting itself of non-core businesses to better concentrate on its core business of developing test equipment for communications service providers' installation and maintenance needs. San Jose, California-based Sunrise Telecom develops and delivers communications test and measurement solutions for telecom, cable and wireless networks. FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to [email protected] . Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 . http://www.financialwire.net [ Back To TMCnet.com's Homepage ]