[MLB-WIRELESS] Proxim

[Brenton D.]

No wonder lucent where just going to throw some of the equipment i got from them in the bin.


Thanks Brenton

ivile01 at yahoo.com.au | ivile at ivile.bur.st
http://bur.st/~ivile (waveguides) | http://ivile.bur.st | http://ivile.bur.st/ivile/64/ (my car)
http://www.melbourne.wireless.org.au/users/?ivile
  ----- Original Message ----- 
  From: Dean Collins 
  To: Brenton D. ; syd-wireless at lists.sydneywireless.com ; melbwireless at wireless.org.au 
  Sent: Thursday, July 21, 2005 1:20 PM
  Subject: RE: [MLB-WIRELESS] Proxim


  No lucent paid terrabeam an absolute truckload of money not for the company (eg the ip itself) but for 50% of the factory that had the rights to build the terrabeam units themselves.

   

  I think it was approx $400M, but you have to remember this was in 2000 during the absolute height of the bubble and terrabeam was going to change the way we networked cities.

   

   

  Cheers,

  Dean

  p.s. guess not :P

   


------------------------------------------------------------------------------

  From: Brenton D. [mailto:ivile01 at yahoo.com.au] 
  Sent: Wednesday, 20 July 2005 9:39 PM
  To: Dean Collins; syd-wireless at lists.sydneywireless.com; melbwireless at wireless.org.au
  Subject: Re: [MLB-WIRELESS] Proxim

   

  and lucent tech own them?

   

   

  Thanks Brenton

   

  ivile01 at yahoo.com.au | ivile at ivile.bur.st
  http://bur.st/~ivile (waveguides) | http://ivile.bur.st | http://ivile.bur.st/ivile/64/ (my car)
  http://www.melbourne.wireless.org.au/users/?ivile

    ----- Original Message ----- 

    From: Dean Collins 

    To: syd-wireless at lists.sydneywireless.com ; melbwireless at wireless.org.au 

    Sent: Thursday, July 21, 2005 6:06 AM

    Subject: [MLB-WIRELESS] Proxim

     

    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, 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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