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Proxim completes Agere product line acquisition: It's just plain old business news, but it's part of a big change ahead for Proxim: Proxim Corporation (Nasdaq: PROX), a leading manufacturer of wireless networking equipment, today completed its previously announced acquisition of Agere Systems' 802.11 wireless local area networking (WLAN) equipment business, including the award-winning ORiNOCO (R) product line, for $65 million in cash.
Proxim has made big pushes in HomeRF (the real force behind it) and 802.11a and b, with some early excellent 802.11a products. Acquiring the Agere Orinoco line means that they acquire a relationship with Apple Computer, a company to which Agere has been supplying AirPort chipsets and technology. Proxim has been a long-time Apple equipment maker, but never an OEM to the company.