Proxim picks up $10m boost from Motorola
Developing wireless products for home and small business users
Motorola has invested $10 million in wireless networking vendor Proxim as the two begin development work on a series of wireless Web products. A range of products aimed at home users and small businesses will be developed, based on the Shared Wireless Access Protocol (SWAP) standard. The HomeRF SWAP consortium consists of many of the industry’s big names, such as Compaq, HP and Microsoft among others. The companies will demonstrate broadband gateways that enable simple-to-install, wireless home and SOHO networking for PC's and Internet appliances at the NCTA Cable Show from June 14-16 in Chicago. The $10 million investment in Proxim by Motorola comes with an undertaking from Motorola that it will purchase more shares in the future. ®
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