Citing ‘current market conditions,’ Proxim and Netopia said Fri. ...
Citing “current market conditions,” Proxim and Netopia said Fri. that they had “mutually agreed to terminate” proposed merger. Companies said they still would work closely, including on Netopia plan to incorporate Proxim’s HomeRF technology into its broadband routers and…
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integrated access devices. Netopia and Proxim had announced proposed $223 million merger in Jan. They said Fri. that halting merger wouldn’t result in termination fees. “Netopia is committed to broadening its product line with wireless voice and data solutions,” Pres.-CEO Alan Lefkof said.