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News
Issue #2002 - 15
(April 2002)
(Updated Apr.
17, 2002)
ACQUISITIONS,
MERGERS & AGREEMENTS
Wireless LAN Technologies
Attracting Investors
Even as the global economy
shows signs of recovery, investors are still leaning on the side of
caution, especially in the telecommunications and high-tech sectors.
Yet one area that has attracted attention is the wireless local
networking market. Recently, two wireless LAN vendors, RadioFrame
Networks of Redmond, WA, and Magis Networks of San Diego, CA, have
announced strategic investments.
RadioFrame Networks Inc.
The Redmond, WA-based company said it has received $15-million
in third-round funding. Ericsson Venture Partners kicked in
$8-million, the company confirms, and other investors include Nextel
Communications, Orange Ventures and Ignition, a venture capital firm
specializing in the wireless sector.
RadioFrame offers in-building wireless coverage with a mini cell
site running both wireless voice and data as well as high-speed
wireless LAN technologies on one platform. The system supports
legacy standards and emerging wireless technologies such as
Bluetooth and 802.11b.
Magis Networks, Inc.
Magis Networks, a maker of 802.11a-compliant wireless chipsets, said
Matsushita Electronic Components, best known for its Panasonic
electronic components, has made a strategic investment in its
future. Matsushita joins Hitachi, Motorola, Sanyo, Vulcan, Bay
Partners and Crescendo Ventures in Magis’ current round of
funding.
Magis develops 802.11a chipsets, under the Air5 brand, that
enable wireless communications of TCP/IP data, high-quality video
and audio throughout the home and office.
Under the terms of the investment, the two companies intend to
jointly develop and promote wireless networking products, and push
Air5 as an industry standard.
For more information: http://www.radioframe.com
http://www.magisnetworks.com/
MobileInfo.Com’s Comments & Advisory: Both
companies are targeting an area where there is considerable
potential. We support this investment. It appears that VCs are
listening to cautious and pragmatic advice.
Note: This news release may contain
forward-looking statements. Readers should take appropriate caution in
developing plans utilizing these products, services and technology
architectures. All trademarks used in this summary are
the property of their respective owners.
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