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Toshiba Increases Stake in Audiovox

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May 29, 2002, 3:20 PM   by (staff)

Toshiba today said it will bolster its investment in Audiovox Communications Corp. The company will increase its share in the company to 25 percent from 5 percent. Audiovox will sell Toshiba's wireless products through its distribution channels in the Americas, and also will place Toshiba's brand name on some of its mobile products.

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