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Short Take: Tut, Diamond in networking pact

Tut Systems and Diamond Multimedia agreed to a deal focused on providing networking technology to apartments, hotels, and student dormitories. Tut will sell its Expresso MDU product that provides high-speed Net access to multiple dwelling units over existing local-loop copper wires, while Diamond will provide network adapter cards. As part of the agreement, the two companies plan to jointly build, market, and sell products in the future.

Tut Systems and Diamond Multimedia agreed to a deal focused on providing networking technology to apartments, hotels, and student dormitories. Tut will sell its Expresso MDU product that provides high-speed Net access to multiple dwelling units over existing local-loop copper wires, while Diamond will provide network adapter cards. As part of the agreement, the two companies plan to jointly build, market, and sell products in the future.