Monday, June 13, 2005

Proxim Sells Out

Eric Griffith writes in internetnews.com:

Beleaguered wireless equipment provider Proxim, stung last year by losing a $22.75 million dollar lawsuit to Symbol, announced this weekend that it would "sell substantially all assets" to Moseley Associates of Santa Barbara, Calif., for $21 million to become a wholly-owned subsidiary.

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