Also . . .
Times Staff and Wire Reports
Chrysler Corp. said it agreed to sell its last defense subsidiary, Pentastar Electronics Inc., to PEI Acquisition Corp. for undisclosed terms. . . . Tele-Communications Inc. president and chief executive John Malone was named the company’s chairman. . . . Sematech named Mark Melliar-Smith, an AT&T; technology veteran, as its third president.
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