-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VsbfNeaiby7MPOMHebiE4UObLH4gBvqlIg9i9vxK3b/0HK2kigIq8PNmLUfnp1+Y LnuKOMbr1zlUC+sJcEizrg== 0000914317-08-001582.txt : 20080530 0000914317-08-001582.hdr.sgml : 20080530 20080530085632 ACCESSION NUMBER: 0000914317-08-001582 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080523 ITEM INFORMATION: Other Events FILED AS OF DATE: 20080530 DATE AS OF CHANGE: 20080530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROXIM WIRELESS CORP CENTRAL INDEX KEY: 0000712511 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 042751645 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29053 FILM NUMBER: 08868452 BUSINESS ADDRESS: STREET 1: 881 NORTH KING STREET STREET 2: SUITE 100 CITY: NORTHAMPTON STATE: MA ZIP: 01060 BUSINESS PHONE: 4135841425 MAIL ADDRESS: STREET 1: 881 NORTH KING STREET STREET 2: SUITE 100 CITY: NORTHAMPTON STATE: MA ZIP: 01060 FORMER COMPANY: FORMER CONFORMED NAME: TERABEAM, INC. DATE OF NAME CHANGE: 20051107 FORMER COMPANY: FORMER CONFORMED NAME: YDI WIRELESS, INC. DATE OF NAME CHANGE: 20051103 FORMER COMPANY: FORMER CONFORMED NAME: TERABEAM, INC DATE OF NAME CHANGE: 20051102 8-K 1 form8k-92991_prxm.htm FORM 8-K form8k-92991_prxm.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549


FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934


Date of Report (date of earliest event reported):
May 23, 2008
  


PROXIM WIRELESS CORPORATION
(Exact name of registrant as specified in its charter)


Delaware
000-29053
04-2751645
(State or other jurisdiction of
incorporation)
(Commission file number)
(IRS employer identification no.)


2115 O’Nel Drive, San Jose, CA
95131
(Address of principal executive offices)
(Zip code)


Registrant’s telephone number, including area code:
(408) 731-2700
  

  
Not Applicable
(Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
Item 8.01  Other Events.

On May 23, 2008, Terabeam Corporation, a subsidiary of Proxim Wireless Corporation, sold selected patents and patent applications to Pertex Telecommunication LLC for net proceeds of approximately $850,000.  The patents and patent applications sold relate to Terabeam’s free space optics technology.  Proxim and Terabeam retain a worldwide, non-exclusive license under the transferred patents and patent applications.

Proxim acquired these patents and patent applications through the acquisition of Terabeam Corporation in June 2004.  Since the acquisition, Proxim Wireless has seen greater demand for its radio products as a solution for high-bandwidth connectivity and only limited demand for free space optics products and thus decided to monetize this free space optics technology.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
PROXIM WIRELESS CORPORATION
     
     
     
Dated: May 30, 2008
By:
  /s/ David L. Renauld
   
David L. Renauld
   
Vice President

 
 
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