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,...
SUNNYVALE, Calif.—Proxim Corp., created from the merger of Proxim Inc. and Western Multiplex Corp., announced Kevin Duffy has been made general manager of the company's newly formed broadband services division.Duffy most recently served as vice president of home networking at Siemens Information & Communications...
SUNNYVALE, Calif.—Western Multiplex Corp. and Proxim Inc. completed their merger following the approval of both companies' stockholders.The former stockholders of Western Multiplex and Proxim each own approximately 50 percent of the combined company. The combined company has taken the name Proxim Corp.For the first...
SUNNYVALE, Calif.—Western Multiplex Corp. rejected the unsolicited offer made by DMC Stratex Networks Inc. last week to acquire Western Multiplex.The board of directors reaffirmed its commitment to the pending merger with Proxim Inc. after meeting with financial and legal advisers.Jonathan N. Zakin, chairman and...
SUNNYVALE, Calif.—Western Multiplex Corp. said it received an unsolicited merger proposal from DMC Stratex Networks Inc. under which DMC proposed that Western Multiplex stockholders receive 0.5215 shares of DMC common stock for each share of Western Multiplex.Western Multiplex said its board of directors will...
SUNNYVALE, Calif.—Proxim Inc. and Western Multiplex Corp. agreed to merge and will operate going forward under the Proxim name.Under terms of the agreement, each outstanding share of Proxim common stock will be converted into 1.889 shares of Western Multiplex common stock, the companies said....
Heinz Corp.Heinz Corp., which provides services to wireless carriers, has promoted Rick Vogt to senior project manager. In his new position he will be responsible for Heinz's projects for Cingular Wireless. Vogt has been with Heinz for about a year, and most recently supervised...
DENVER, United States-To know what the broadband industry is going to do tomorrow, just look at what the cellular industry is doing today.Year after year, several key cellular carriers and vendors have systematically acquired or merged with competitors to form vast corporations offering diverse...
To know what the broadband industry is going to do tomorrow, just look at what the cellular industry is doing today.Year after year, several key cellular carriers and vendors have systematically acquired or merged with competitors to form vast corporations offering diverse product and...
The sagging stock market is partly to blame for another telecommunications snafu as Western Multiplex Corp. and wireless broadband equipment manufacturer Adaptive Broadband Corp. announced last week that Western Multiplex's planned acquisition of Adaptive Broadband for approximately $645 million has been terminated."The fixed-wireless industry...
Sunnyvale, Calif.-based Adaptive Broadband Corp. lowered its revenue expectations for the fiscal second quarter ended Dec. 31, calling into question its pending acquisition by Western Multiplex Corp. and causing its shares to dip nearly 50 percent immediately following the news.The revenue adjustment was due...
LittlefeetLittlefeet Inc., a wireless network infrastructure developer, appointed Kai Cheong Chan as the general manager and sales director for the company's new regional office, which will serve Singapore and the Asia-Pacific region.Chan will be responsible for developing business relationships and managing distribution channels for...
In pursuit of a more consolidated fixed-wireless infrastructure industry, Western Multiplex Corp. entered an agreement last week to acquire Adaptive Broadband Corp. for $645 million in stock."The combination of Western Multiplex and Adaptive Broadband creates the broadest-based wireless infrastructure company in the world," said...
Sygate TechnologiesInternet security and access management solutions provider Sygate Technologies Inc. introduced its OneNIC Internet Sharing Solution through the release of the newest version of its flagship software product, Sygate Home Network 4.0 Internet access sharing software. Sygate said the OneNIC technology is designed...
NEW YORK-Western Multiplex Corp., Sunnyvale, Calif., a broadband wireless access equipment provider, went public last week with a 7.5-million share offering of common stock, priced at $12 each.The company, formerly part of Glenayre, develops systems used in both the licensed and unlicensed portions of...
TektronixTektronix Inc. launched a new Global System for Mobile communications cell analysis product, the Cell Analyzer, which combines the key functions of the Actix Abis Analyzer with Tektronix's K1205 Signaling Protocol Analyzer. Available as an add-on software package for the K1205, the new analyzer...
Two years after putting Western Multiplex on the selling block, Glenayre Technologies Inc. signed an agreement to sell its microwave radio business to Ripplewood Holdings L.L.C. of New York and Leeward Technology partners of California.According to the agreement, Glenayre will keep a 5-percent ownership...
Glenayre Technologies Inc. released more details of its worldwide restructuring plan last week, saying the effort will result in a 20-percent work force reduction and expected annualized operating cost savings of up to $20 million.According to Eric Doggett,Glenayre president and chief executive officer, most...
Sirius CommunicationsSirius Communications NV introduced the DataSat Code Division Multiple Access development system. It offers an alternative to today's very small aperture terminal systems. It works with all existing satellite bands, and TV satellite receiver antennas may be used to receive the signals. The...
Nortele-mobility servicesNortel Networks introduced a portfolio of subscriber services, called e-mobility services, that provide rapid, flexible deployment of leading-edge voice and data capabilities optimized for the Internet Protocol environment. The services include Wireless Prepaid, Group Conferencing, Smart Mobile Access, Wireless Voice-Activated Dialing, Mobile Messaging...
New Enterprise AssociatesNew Enterprise Associates, a Palo Alto, Calif. venture capital firm, appointed Nobel Laureate Arno A. Penzias as a partner. Penzias is the senior technology adviser for Lucent Technologies Inc. He has written two books, Ideas and Information and Digital Harmony. Penzias won...
It's been more than a year since Glenayre Technologies Inc. first announced its intention to divest the Western Multiplex microwave business unit, yet the company continues to search for a buyer.Glenayre officially put the microwave business on the block in September 1997, the same...
Chesapeake MicrowaveChesapeake Microwave Technologies Inc. introduced a 50-watt personal communications services Global System for Mobile communications amplifier and a 30-watt DCS GSM amplifier. The 50-watt PCS GSM amplifier is a Gallium Arsenide FED Class AB linear amplifier that provides 45 dB of gain and...
ITAThe Industrial Telecommunications Association said it appointed Laura Leigh Smith executive director, government relations. She formerly was deputy division chief (legal) in the public safety and private wireless division of the Federal Communications Commission's Wireless Telecommunications Bureau. Smith will be responsible for representing interests...
