Just my opinion but on the surface this purchase seems puzzling...
Richochet has been consistently a money-losing company...
YDI is a wireless hardware vendor, not a network operator...
It doesn't add up.... maybe they think they can leverage
Richochet's "mobile" network into lots of "Homeland Security"
sales to the government.
The technology uses 900 MHz frequency-hopping spread spectrum
(FHSS) nodes on light poles and a 2.4 GHz backbone. It is not
802-anything compatible.
Comments?
jack
Frank Keeney wrote:
http://www.ydi.com/company/pressreleases/pr-20040630.php
http://washingtontimes.com/upi-breaking/20040630-113116-8970r.htm
Falls Church, VA, Jun. 30 (UPI) -- YDI Wireless of Falls Church, Va., said
Wednesday it has acquired Ricochet Networks of Denver, Colo.
Under terms of the deal, YDI acquired privately-held Ricochet for $3 million
in cash, 42,105 shares of its common stock and an unsecured note for
$300,000 payable over three years.
The cash came from YDI's working capital. The shares were issued to the
Ricochet stockholder in a private placement.
YDI is a developer and supplier of broadband wireless solutions. Ricochet
Networks is a mobile wireless Internet service provider.
YDI said Ricochet currently provides high-speed Internet access service in
Denver and San Diego and has over 7,000 customers and over 170 square miles
of mobile coverage.
Robert Fitzgerald, chief executive officer of YDI, said, "With the purchase
of Ricochet, YDI further expands the breadth of its product offering. We
have been very impressed with the stability and quality of Ricochet's
networks and feel that these offerings will be well received by YDI's
service provider customers."
----
Frank Keeney
http://www.wlanparts.com
--
Jack Unger - President, Ask-Wi.Com, Inc.
Author of the WISP Handbook - "Deploying License-Free Wireless WANs"
http://www.ask-wi.com/book.html
True Vendor-Neutral WISP Training-Troubleshooting-Consulting
http://www.ask-wi.com/services.html
Email: [EMAIL PROTECTED] Phone: (818) 227-4220
