From Unstrung.com 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?