I/O Seals Deal

I/OMagic Corp. said an original equipment manufacturer has agreed to purchase about 200,000 internal telephonic modem cards in a deal worth about $6.7 million. I/O did not disclose the name of the company.

I/OMagic said the cards are designed to allow data and voice transmissions over a single line. I/OMagic develops and markets PC card and desktop card multimedia and communications products.