Intel puts money into Proxim

Wireless LAN, thank you man

Proxim said today that chip giant Intel has signed an agreement over wireless LAN technology Proxim and at the same time took an equity stake in the company. Intel and Proxim will work together to develop home networking products based on the HomeRF shared wireless access protocol (SWAP) spec. The chip giant bought 320,000 shares in Proxim, representing a 2.9 equity share. It has also said it will buy another 96,000 shares. Dan Sweeney, Intel's general manager of home networking, said that the Proxim spec complements its own line of phoneline networking products. ® Intel is not an investor in The Register.

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