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Tech Industry

Short Take: PSINet to sell InterCon to Ascend

ISP PSINet announced it will sell InterCon Systems, its software subsidiary, to Ascend Communications in a cash deal. Terms of the transaction, which is expected to be completed in the first quarter, were not disclosed.

ISP PSINet announced it will sell InterCon Systems, its software subsidiary, to Ascend Communications in a cash deal. Terms of the transaction, which is expected to be completed in the first quarter, were not disclosed.