HyperTerminal by Hilgraeve, Inc. is a terminal emulator that gives you the possibility to connect to various systems using TCP/IP Networks, Dial-Up Modems and COM ports. Even though HyperTerminal for Mac is not yet on the market, there are other applications that can help you do the job. All the listed apps can serve as a replacement for HyperTerminal for Mac.
Feel free to add any alternative to HyperTerminal for Mac that you know of.
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