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These latest enhancements to the SPEEDLAN family of products provide a wide range of users with greater capabilities and functionality to deliver wireless broadband services," said P-Com CEO Sam Smookler.
The point-to-point, spread spectrum, and point-to-multipoint radio links provided by P-Com are designed to satisfy the network requirements of cellular and personal communications services, corporate communications, public utilities and local governments.
Year-end 2003 results reflect the sale of SPEEDCOM's business operations to P-Com on December 10, 2003.
There can be no assurance that any merger or other strategic transaction will be consummated between P-Com and Telaxis.
P-Com and Telaxis cannot predict whether any merger or other strategic combination between the two companies will be completed due to the risks and uncertainties relating to their ability and desire to negotiate and sign a new merger or other similar agreement and to satisfy the conditions to the closing of the transaction that would be set forth in that new agreement.
P-Com received several orders late in the third quarter which will be processed and shipped in the fourth quarter," said P-Com Chairman George Roberts.
After a careful review, Datang selected P-Com because it has a full range of products which deliver the superior performance and reliability that our customers demand," said Shanghai Datang CEO Ruan Tang.
This $4 million credit facility is another important part of P-Com's financial restructuring and will help us achieve our goal of being cash flow positive by the end of 2002," said P-Com Chairman George Roberts.
P-Com said the proceeds from the equity financing will be used mainly for working capital purposes to help P-Com execute a business turnaround following the bankruptcy of several large U.
Through its worldwide distribution network, P-Com is marketing the products to U.
will be able to compete more successfully in the marketplace," said P-Com Chairman George Roberts.