[MLB-WIRELESS] Proxim

[Dean Collins]

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 <mailto:Dean at collins.net.pr>  

	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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