Monday January 22, 4:31 pm Eastern Time
Press Release
SOURCE: Com21, Inc.
Com21 to Spin Off Wireless Business Unit
Company Plans to Complete Transaction Within First Half of 2001
MILPITAS, Calif., Jan. 22 /PRNewswire/ -- Com21, Inc. (Nasdaq: CMTO - news), a leading global provider of system solutions
for the broadband access market, announced today that it will spin off its wireless products business unit in the first half of 2001.
The wireless division, comprising 20 employees in both Milpitas and Long Island, New York, has developed and marketed the
wireless version of Com21's ComUNITY Access System products.
``We feel there is great untapped value in our wireless division,'' commented Craig Soderquist, Com21 president and CEO. ``By
spinning off the wireless business unit and allowing it to function as a separate entity, we believe that it can realize its full potential,
benefiting both our employees and our shareholders.''
Com21's wireless business unit specializes in Multichannel Multipoint Distribution Service (MMDS) technology. Its wireless
ComUNITY VoX (Voice over eXchange) product was demonstrated at the Wireless Communications Alliance show in July 2000,
and is currently in test trials in the U.S.
About Com21, Inc.
Com21, Inc. (www.com21.com) is a leading global supplier of system solutions for the broadband access market. The Company's
DOCSIS, DVB, and ATM-based products enable cable operators and service providers to deliver high-speed, cost-effective
Internet and telephony applications to corporate telecommuters, small businesses, home offices, and residential users. To date,
Com21 has shipped over one million cable modems worldwide, along with over 1,300 headend controllers. Com21 systems offer
commercial service in cable systems passing 17 million households worldwide.
Com21 is an ISO 9001 registered company with over 500 employees worldwide. The Company's corporate headquarters is located
in Milpitas, California, USA, with its European headquarters in Delft, The Netherlands. In addition, Com21 maintains research
and development facilities in Ireland, Israel, Maryland, and New York, as well as sales and support offices in the United States and
Canada, Europe, Asia and Latin America. |
