INTERNET OF THINGS
Mustek eyes cyber gadgets
The technology hardware distributor considers internet of things partners as earnings come under pressure
Technology hardware distributor Mustek is seeking partnerships with companies that are providing internet of things (IoT) products, it said on Thursday. IoT refers to devices that are connected to the internet and are able to communicate with one another. Mustek said the IoT, including home automation, security, medical health and fitness and self-driving cars was getting major coverage at the moment. "We at Mustek are carefully seeking alliances with the players that will translate to our unique geography and provide appropriate opportunities," the group said. Mustek distributes personal computers including brands such as Lenovo and other technology products from firms such as Huawei. It assembles all products for the Mecer brand. The group reported a 27.7% decline in headline earnings per share for the six months to December to 37.34c. It attributed this to, among other things, the decrease in contribution from associates due to the preproduction expenses incurred at Yangtze Optic...
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