 | |
| Expert Market : PRXM | |
| Industry | Wireless networks |
| Predecessor | (See text) |
| Headquarters | , USA |
| Parent | Terabeam |
| Website | www |
Proxim Wireless Corporation is a San Jose, California-based company that builds scalable broadband wireless networking systems for communities, enterprises, governments, and service providers. It offers wireless LAN, point-to-multipoint and point-to-point products through a channel network. The company is a product of many mergers and acquisitions over the years.
Proxim Corporation was founded in 1984, initially headquartered in Mountain View, California. Starting in 1989, it began to develop radio frequency modules using spread spectrum technology. Its first commercial product in 1990 used 900 MHz frequency bands. End-user products called RangeLAN were introduced in 1991 and 1992, reflecting their use as network interface controllers for local area networks (LANs). The first adapter using the Industry Standard Architecture bus and supported Novell NetWare. [1] An initial public offering (IPO) on December 15, 1993 listed the company shares on NASDAQ under symbol PROX. In 1994 the RangLAN2 products starting using 2.4 GHz bands, and in 1995 the RangeLINK product line was introduced. [2] Proxim was a founding member of the Wireless LAN Interoperability Forum in May 1996 to help interoperability between its RangeLAN2 and other wireless technologies. [3] A secondary offering expected to raise an estimated $95 million in June 1996 was delayed and reduced to about $41 million by late July 1996. [4] A product line called Symphony was introduced in 1998.
Proxim was also a core member of the HomeRF Working Group, formed in 1997. The group disbanded at the end of 2002. [5] In January 2000, Proxim announced it had acquired privately held Micrilor of Wakefield, Massachusetts a year earlier. [6] In January 2001 Proxim (then headquartered in Sunnyvale, California) announced it would acquire Netopia Incorporated (listed as symbol NTPA) for approximately $223 million in stock. [7] However, that merger fell apart after Intel announced it would stop developing HomeRF technology in March 2001. [8]
Western Multiplex Corporation had acquired Ubiquity Communication on March 24, 2000, near the end of the dot-com bubble. [9] Western Multiplex, founded in 1979 in Sunnyvale and acquired in 1995 by Glenayre Technologies, had their IPO on July 31, 2000, as it was listed on NASDAQ under symbol WMUX, raising about $90 million. [9] In addition to the Ubiquity product line, Western had lines called Tsunami and Lynx product lines. [9] In March 2001, Western Multiplex acquired privately held WirelessHome Corporation which had been based in Long Beach, California since 1998. [10] In February 2002, Proxim proposed to acquire Western Multiplex and continue to use the stock symbol PROX. [11] The transaction was estimated at a value over $200 million. At the time, Jonathan N. Zakin led Western Multiplex and Davic C. King led Proxim. [11] The merger was approved on March 26, 2002. [12]
Later in 2002, Proxim acquired the Orinoco brand of wireless products of Agere Systems group after it spun off from Lucent. [12]
After it was warned it could be de-listed from the NASDAQ stock market, the company filed for Chapter 11 bankruptcy in June 2005 as Moseley Associates announced it would purchase Proxim's assets for $21 million. [13] However, a few weeks later, Terabeam Incorporated announced that it had bid $28 million for the assets without any proceeds to the previous stock-holders. [14]
Millitech Corporation, founded in 1982, originally developed millimeter-wave technology, but shifted to August 1999 to focus on point-to-multipoint wireless access products for businesses, with Newbridge Networks their largest customer. Based in South Deerfield, Massachusetts and led by John L. Youngblood, Millitech planned their IPO in September 1999. [15] Milltech changed their name to Telaxis Communications, and the offering was held in February 2000 using the NASDAQ symbol TLXS, raising about $63 million. [16] Telaxis, then with the product line FiberLeap, acquired P-Com XT Corporation of Campbell, California in September 2002. [17]
Privately held Young Design, Incorporated, had acquired Zeus Wireless, and then merged with public Telaxis in April 2003 with the name changed to YDI Wireless in June 2003. Located in Falls Church, Virginia, YDI acquired Phazar Corporation (holding company for Antenna Products Corporation and others and based in Fort Worth, Texas) which had traded under the symbol ANTP, announced in October 2003 and finalized in December. [18] [19]
YDI acquired software maker KarlNet on May 13, 2004, merged with Terabeam Corporation (founded in 2000) effective June 22, 2004, and used the name Terabeam for the new entity. [20] By June 25, 2004, the Company acquired the service provider Ricochet Networks. [21]
On September 4, 2007, Terabeam (then headquartered in San Jose, California and led by Robert Fitzgerald) announced it would change its name to Proxim Wireless Corporation, and change its NASDAQ stock symbol from TRBM to PRXM. [22] The shares were removed from NASDAQ in April 2009, and moved to the OTCQX of OTC Markets Group. [23] On August 13, 2009, Proxim received an investment of $7.5 million, with $5 million coming from an arm of SRA Holdings, Inc. of Japan. Pankaj Manglik was reported to be chief executive in 2010. On May 13, 2010, common stock shares were combined in a one-for-one-hundred reverse split. [24] In December 2010, the shares were withdrawn from the OTCQX to be traded on the so-called "Pink Sheets". [25]
Western Wireless Corporation was a cellular network operator that provided mobile telecommunications service to subscribers in 19 western states and seven countries. Western Wireless marketed analog cellular service under the CELLULAR ONE brand in 88 FCC-defined rural service areas and digital PCS service under the VoiceStream brand in 19 FCC-defined metropolitan service areas. At its peak in 2004, Western Wireless provided service to 1.4 million domestic subscribers. Western Wireless obtained additional revenue from the international operations of its Western Wireless International Corporation subsidiary, which was licensed to provide wireless communications services in seven countries to a total of 1.8 million subscribers.
Nasdaq, Inc. is an American multinational financial services corporation that owns and operates three stock exchanges in the United States: the namesake Nasdaq stock exchange, the Philadelphia Stock Exchange, and the Boston Stock Exchange, and seven European stock exchanges: Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, and Nasdaq Vilnius. It is headquartered in New York City, and its president and chief executive officer is Adena Friedman.
Intellisync Corporation was a provider of data synchronization software for mobile devices, such as mobile phones and personal digital assistants (PDAs). The company was acquired in 2006 by Nokia.
Maxim Integrated, a subsidiary of Analog Devices, designs, manufactures, and sells analog and mixed-signal integrated circuits for the automotive, industrial, communications, consumer, and computing markets. Maxim's product portfolio includes power and battery management ICs, sensors, analog ICs, interface ICs, communications solutions, digital ICs, embedded security, and microcontrollers. The company is headquartered in San Jose, California, and has design centers, manufacturing facilities, and sales offices worldwide.
Extreme Networks is an American networking company based in Morrisville, North Carolina. Extreme Networks designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security and access controls.
RF Micro Devices, was an American company that designed and manufactured high-performance radio frequency systems and solutions for applications that drive wireless and broadband communications. Headquartered in Greensboro, North Carolina, RFMD traded on the NASDAQ under the symbol RFMD. The Company was founded in Greensboro, North Carolina, in 1991. RF Micro had 3500 employees, 1500 of them in Guilford County, North Carolina.
Hifn was a semiconductor manufacturer founded in Carlsbad, California, in 1996 as a corporate spin-off from Stac Electronics. The company was later headquartered in Los Gatos, California, and had offices in North America, Europe and Asia. It designed and sold security processors. It was acquired by Exar Corporation in 2009.
Ceva Inc. is a publicly listed semiconductor intellectual property (IP) company, headquartered in Rockville, Maryland and specializes in digital signal processor (DSP) technology. The company's main development facility is located in Herzliya, Israel and Sophia Antipolis, France.
Cambium Networks is a wireless infrastructure provider that offers fixed wireless and Wi-Fi to broadband service providers and enterprises to provide Internet access. An American telecommunications infrastructure company, it provides wireless technology, including Enterprise WiFi, switching solutions, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.
Jazz Semiconductor is a semiconductor wafer foundry that is a wholly owned United States subsidiary of Israel-based Tower Semiconductor. Its customers include developers of wireless, optical networking, power management, storage, and aerospace/defense applications. Headquartered in Newport Beach, California, Jazz passed through a number of acquisitions including the short-lived company Acquicor Technology, which renamed itself Jazz Technologies and then sold it two years later.
Intercontinental Exchange, Inc. (ICE) is an American company formed in 2000 that operates global financial exchanges and clearing houses and provides mortgage technology, data and listing services. Listed on the Fortune 500, S&P 500, and Russell 1000, the company owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada and Europe, the Liffe futures exchanges in Europe, the New York Stock Exchange, equity options exchanges and OTC energy, credit and equity markets.
IEEE 802.11 – or more correctly IEEE 802.11-1997 or IEEE 802.11-1999 – refer to the original version of the IEEE 802.11 wireless networking standard released in 1997 and clarified in 1999. Most of the protocols described by this early version are rarely used today.
Syniverse is a telecommunications company based in the United States. It was founded in 1987 as a GTE business unit called GTE Telecommunications Services Inc.
The Wireless LAN Interoperability Forum (WLIF) was a non-profit industry organization founded in 1996 to promote and certify wireless LAN products. It was active from about 1996 through 1998 and disbanded in 2001.
SumTotal Systems, Inc. is a software company based in Gainesville, Florida, that provides human resource management software and services to private and public sector organizations. The company uses multiple cloud-based channels, including software as a service (SaaS), hosted subscription, and premises-based licensure.
LSI Logic Corporation, an American company founded in Santa Clara, California, was a pioneer in the ASIC and EDA industries. It evolved over time to design and sell semiconductors and software that accelerated storage and networking in data centers, mobile networks and client computing.
Vitesse Semiconductor was a fabless American semiconductor company based in Camarillo, California, which developed high-performance Ethernet integrated circuits solutions for Carrier, Enterprise networks. On March 18, 2015, Microsemi Corporation and Vitesse Semiconductor Corporation jointly announced that Microsemi would acquire Vitesse. The acquisition closed on April 28, 2015.
WiLAN is a technology development and intellectual property licensing company with headquarters in Ottawa, Ontario, Canada. WiLan licenses patent portfolios that it owns and also partners with owners of patent portfolios. WiLAN Labs conducts ongoing research and development into advanced wireless communication systems. WiLAN is the main subsidiary of Quarterhill Inc., which is listed on the Toronto Stock Exchange.
Harmonic Inc. is an American technology company that develops and markets video routing, server, and storage products for companies that produce, process, and distribute video content for television and the Internet.
Quarterhill Inc. is a Canadian public technology holding company, based in Toronto, Ontario. It was founded in 1992 as a wireless technology company. In the mid-2000s, it gradually transitioned into a patent licensing company. In 2017, it renamed itself Quarterhill, and is attempting to become a holding company specializing in the Internet of Things. It is listed on the Toronto Stock Exchange and was listed on NASDAQ until 2019.