Proxim goes broke, sells out

Proxim, the maker of the wireless gear that I use here on campus, has apparently declared bankruptcy and sold themselves:

Beleaguered wireless equipment provider Proxim (Quote, Chart), stung last year by losing a $22.75 million dollar lawsuit to Symbol, announced this weekend that it would "sell substantially all assets" to Moseley Associates of Santa Barbara, Calif., for $21 million to become a wholly-owned subsidiary.

Hmm, sounds like it might be time to demo that Meru equipment I've been eyeing...