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Technology Stocks : Aviat Networks
AVNW 24.14-1.6%Nov 4 3:59 PM EST

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To: The Ox who wrote (259)3/9/2009 7:42:41 PM
From: Rob Preuss   of 312
 
Found this interesting blog about the HSTX acquisition of Telsima...

wimax.com

Key excerpt:
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Noted blogger Om Malik wrote the following:

"The sad part of the Telsima story is that the company is getting sold at a time when it is beginning to get some traction. Not only does it have one of the best and most complete WiMAX product portfolios, it has also signed up customers such as Neotel of South Africa, Tata Communications of India and is in the running for a $1 billion WiMAX network being built by Indian telecom carrier BSNL. Many Telsima-powered WiMAX networks were being put to work in Easter Europe. Harris, it seems is getting quite a bargain."

We concur, but point out that funding to sustain operations and grow is incredibly difficult in this harsh economic environment where credit markets are still frozen for smaller companies.
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