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Investor FAQs

  • In what state and what year was Proxim Wireless Corporation incorporated?

    Proxim Wireless Corporation was incorporated as a Delaware corporation on May 5, 2003, but reflects the continuation of a number of companies established long before that date.

  • What is Proxim's history?

    Proxim, originally called YDI Wireless, Inc. then Terabeam, Inc., originally resulted from the merger consummated on April 1, 2003 between Telaxis Communications Corporation and Young Design, Inc. Telaxis was a publicly traded company that focused on developing high capacity millimeter wave wireless products. Young Design was a privately held company that developed, produced, and sold wireless data products, primarily in microwave frequencies. On May 14, 2004, we acquired KarlNet, Inc., a pioneer and leader in software development for operating and managing wireless networks. On June 22, 2004, we acquired Terabeam Corporation. Terabeam was a provider of broadband wireless solutions that extended and optimized carrier and enterprise networks using high frequency millimeter wave (60 GHz radio frequency) and free space optics (invisible light beam) technologies. On June 25, 2004, we acquired Ricochet Networks, Inc., a leading mobile Wireless Internet Service Provider (WISP) headquartered in Denver, Colorado. On July 27, 2005, we acquired the operations of Proxim Corporation, a leading provider of in wireless networking equipment for Wi-Fi and broadband wireless networks. Through this acquisition, we acquired the Proxim, Western Multiplex, and Agere WLAN product portfolios. Subsequent to that acquisition, we changed our corporate name to Proxim Wireless Corporation and our ticker symbol to PRXM.

  • Are you related to the company Proxim Corporation?

    Proxim Wireless Corporation is a different company from old Proxim Corporation whose stock used to trade on Nasdaq under the ticker symbol "PROX". Proxim Wireless Corporation did not acquire any stock of old Proxim Corporation, and the stock of old Proxim Corporation did not convert into Proxim Wireless Corporation stock.

  • Where are Proxim's facilities?

    Our headquarters are located in Silicon Valley, California. Proxim Wireless also has numerous sales and support offices both in the United States and internationally.

  • How many employees does Proxim have?

    As of December 31, 2010, we had approximately 200 employees company-wide.

  • Where is Proxim's common stock traded?

    Proxim's common stock is traded on the OTC Markets under the ticker symbol "PRXM".

  • What is Proxim's ticker symbol?

    Our ticker symbol is "PRXM."

  • What is the CUSIP for Proxim's common stock?

    The CUSIP for Proxim's common stock is 744285 206.

  • How does one buy Proxim stock?

    Our stock can be purchased through a stockbroker or other financial institution after a careful consideration of the risks and potential benefits of purchasing shares of Proxim’s stock.

  • Can stock be purchased directly from Proxim?

    We do not currently offer a dividend reinvestment program or a direct stock purchase plan to the public.

  • How many outstanding shares of Proxim common stock are there, and who controls most of Proxim’s outstanding voting stock?

    As of December 31, 2010, we had approximately 235,100 shares of common stock outstanding. As of that date, we also had shares of preferred stock outstanding that were convertible into approximately 333,333 shares of common stock. Because the shares of common stock and shares of convertible preferred stock (on an as-converted basis) generally vote together as a single class, the holders of the convertible preferred stock control more than half of the voting power of Proxim’s outstanding stock. Thus, the two holders of the convertible preferred stock alone can determine the outcome of most matters submitted to the vote of Proxim’s stockholders regardless of how any other stockholder votes.

  • What is Proxim's float?

    As of December 31, 2010, our float was approximately 195,000 shares. When we use the term float, we are referring to our freely tradable outstanding common stock less the shares of our common stock held by our 10% stockholders, directors, and officers.

  • Who are the members of Proxim's Board of Directors?

    The members of our board of directors can be found on our Board of Directors page.

  • Who are the members of Proxim's senior management?

    The members of our senior management and their positions can be found on our Management Team page.

  • Who are Proxim's independent accountants?

    Our independent accountants are Rowbotham & Company LLP in San Francisco, California.

  • Who do I contact regarding a lost Proxim stock certificate or change of address?

    Please contact our transfer agent, Registrar and Transfer Company (see below).

  • How do I contact Proxim's transfer agent?

    You may contact our transfer agent as follows: Registrar and Transfer Company, 10 Commerce Drive, Cranford, NJ, 07016, Phone: (800) 368-5948.

  • When does Proxim's fiscal year end?

    Our fiscal year ends on December 31.

  • Who should I contact for answers to other questions about Proxim?

    For answers to questions that are not listed here, contact our Investor Relations Department by email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or by calling 413-584-1425.

Proxim Investor Relations Department may be contacted by email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or by telephone at 413-584-1425.