Citing weakness in fixed wireless industry, equipment manufacture...
Citing weakness in fixed wireless industry, equipment manufacturers Adaptive Broadband and Western Multiplex called off planned merger Thurs. “From a stock market point of view, fixed wireless specifically and telecommunications stocks in general, have really taken a beating, making…
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it very difficult to put a monetary valuation on this transaction at this time,” said Adaptive Broadband Pres. Daniel Scharre. Adaptive recently lowered revenue forecast for quarter ended Dec. 31 to $8 million from $31 million. Company said it was “evaluating its financial model” for fiscal 2001, “especially the potential impact of customer issues” involving CLECs, which are its main U.S. market.