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Short Take: Motorola to invest $10 million in networking firm

Motorola will make a $10 million investment in wireless networking player Proxim as part of bid to gain access to emerging wireless technologies. As part of the deal, the two companies announced a strategic relationship intended to accelerate the use of high-speed Net access alternatives in homes and small businesses. The two companies hope to produce high-speed wireless networking technologies based on the shared wireless access protocol, or SWAP, standard.

    Motorola will make a $10 million investment in wireless networking player Proxim as part of bid to gain access to emerging wireless technologies. As part of the deal, the two companies announced a strategic relationship intended to accelerate the use of high-speed Net access alternatives in homes and small businesses. The two companies hope to produce high-speed wireless networking technologies based on the shared wireless access protocol, or SWAP, standard.