Thursday, May 26, 2005

Proxim's D-Day Could Pave The Way

From Proxim faces D-Day .

Struggling wireless kit vendor Proxim Corp. (Nasdaq: PROX - message board) is planning to make an announcement on its future today, Unstrung has learned. The firm has been trying to put together a buyout deal but looks to be staring bankruptcy in the face, according to sources.

Proxim -- formerly second only to Cisco Systems Inc. (Nasdaq: CSCO - message board) and Symbol Technologies Inc. (NYSE: SBL - message board) in enterprise wireless LAN equipment sales -- has struggled to keep pace with rivals in this fast-moving market over the last couple of years

Know what company or industry should gobble this company up?

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