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Home > Company Index > Telecommunications > Wireless, Satellite & Microwave Communications Equipment > Adaptive Broadband Corporation

Adaptive Broadband Corporation
Nasdaq: ADAPE
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 NEWS FROM THE STANDARD
Getting High On the Street
Jul 02 2001 12:00 AM PDT

 PROFILE
Adaptive Broadband (formerly California Microwave) is hopping on the broadband bandwagon. A former supplier of satellite earth station and microwave radio products, the company has sold those businesses (which had accounted for more than 85% of sales) to intensify its focus on wireless broadband markets, particularly the Internet access market for commercial clients. The company's AB-Access products enable wireless data transfer speeds of up to 25 Mbps over the critical last mile from an Internet service provider to its customers. The company's planned merger with Western Multiplex (initially valued at $645 million) collapsed in 2001 due to unfavorable market conditions.

 COMPETITION
Alcatel (ALA)
Lucent Technologies Inc. (LU)
Motorola, Inc. (MOT)

 DEALS
Deal: Western Multiplex Acquires Adaptive Broadband
Date Announced: 11.13.00
Value of transaction (US $Mil): 645
Description: Developer of broadband fixed-wireless communication systems for ISPs buys competitor for $645 million in stock.

 TRACKERS
May 04, 2001 - LAYOFF TRACKER
90 laid off
Description: Trimming its workforce due to a weakness in the domestic fixed-wireless broadband service provider base. Layoffs represent 60% of its staff.

More LAYOFF NEWS

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 28.70
1-Yr. Sales Growth: (81.7)%
Employees: 183
Revenue per employee: $156,830.60

 KEY PEOPLE

• Alan Geddes
    CFO

 CONTACT INFO
1143 Borregas Ave.
Sunnyvale, CA 94089
US
Phone: 408-732-4000
Fax: 408-732-4244
Online: Web Site

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