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Proxim Corporation (PROX) Message Board

  • tbpatter tbpatter Nov 11, 1999 10:40 AM Flag

    H&Q Update

    Hambrecht &Quist Communications Research

    Proxim (PROX)
    Rating: BUY-FOCUS LIST
    November 9,

    American Electronics Association (AEA) Conference

    - Home networking and vertical market trends remain

    - The Company�s technology path is well defined.
    Approval of the FCC�s wideband hopping proposal and
    development of its HIPERLAN products are on track.

    PROX has successfully created a consumer friendly
    product. The Company continues to win numerous industry
    awards, and sign significant distributors for its
    Symphony products, such as OfficeMax, Staples, and Best

    - PROX�s competitor Aironet was acquired by Cisco
    for $800M in Cisco shares. This benchmark suggests
    PROX shares are significantly undervalued considering
    the Company�s larger revenue base, established
    profitability, as well as its leadership in building products,
    alliances and distribution in the home networking market.


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