[MLB-WIRELESS] Proxim

[Dean Collins]

Interesting announcement today, I always wondered what happened to
Terrabeam and all of the cash that Lucent pumped into them....I guess we
know.

 

Cheers,

Dean

 

 

 

 

 

 

July 20, 2005 

Dear Proxim Customer: 

We're contacting you with breaking news - Terabeam Wireless,
www.terabeam.com
<http://postsnet.com/r.html?c=515168&r=514532&t=393492468&l=1&d=86222704
&u=http%3a%2f%2fwww%2eterabeam%2ecom&g=0&f=-1> , a leading provider of
long-range, license-free wireless data equipment, is acquiring
substantially all of the assets of Proxim Corporation. 

Just over a month ago we announced the intent of Moseley Associates to
acquire Proxim's assets as well as its domestic and foreign operations.
At the time we indicated that the final acquisition would be completed
after a bidding process. Although we did not anticipate another company
stepping in with a higher offer, we are excited to announce that the
higher bidder and future parent is Terabeam. 

Terabeam is a publicly-held company that is very well-respected in the
wireless space and well-aligned with Proxim's long-range objectives.
Terabeam is acquiring all of the assets of Proxim and will continue to
deliver and support our ORiNOCO, Tsunami and Lynx product lines. 

Rob Fitzgerald, CEO of Terabeam Wireless, has stated his intent to move
forward quickly to close on the acquisition and, when practical, plans
to move Terabeam headquarters to the Proxim San Jose facility. Combining
our product lines, our talent and technology will allow us to continue
to focus on the needs our combined customers and to grow the overall
adoption of wireless networking. 

We will continue to update you as Terabeam acquisition of Proxim is
finalized. We value our relationships with all our customers and we
greatly appreciate your loyalty and understanding. 

Sincerely, 

Kevin Duffy
President and CEO
Proxim Corporation
kduffy at proxim.com

 

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