SUNNYVALE, Calif.-Proxim Corp., which acquired Western Multiplex Corp. in March, reported third-quarter losses of $35.1 million, or 29 cents per share, on revenues of $24.12 million.
By comparison, the company’s losses were $5.7 million, or 10 cents per share, and its revenues were $21.7 million, during the same period of 2001.
“The third quarter of 2002 was a very difficult business environment, particularly in certain international markets, and we are disappointed with the results,” said Jonathan Zakin, chairman and chief executive officer.
