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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Connor26 who wrote (1389)	1/11/2001 9:19:43 AM
From: vagabond	Respond to of 6445

WMUX/ADAP merger called off (ADAP way-down so far pre-market, WMUX up)... ================ Wednesday January 10, 8:45 pm Eastern Time Western Multiplex and Adaptive Broadband Terminate Their Merger Plans SUNNYVALE, Calif., Jan. 10 /PRNewswire/ -- Western Multiplex Corporation (Nasdaq: WMUX - news), a leading provider of the industry's highest capacity fixed wireless connectivity solutions, today announced the termination of its plans to acquire Adaptive Broadband Corporation (Nasdaq: ADAP - news). Jonathan Zakin, Western Multiplex Chairman and CEO today said: ``After considering our alternatives and holding further discussions with Adaptive Broadband regarding the merger, both parties have determined that it is in their best interests to terminate the merger agreement at this time.'' Mr. Zakin added, ``It is unfortunate that we were unable to complete the transaction. However, Western Multiplex's principal wireless infrastructure segments - mobile, wireless backhaul and campus connectivity -- remain strong, as does international demand and we will continue to pursue acquisition and growth opportunities as the wireless infrastructure space consolidates.'' Western Multiplex expects to announce earnings for its fourth quarter and fiscal year end after the market closes on January 23, 2001.