A Bear's Face on Mars Blake Lively's New Role Recognizing a Stroke Data Privacy Day Easy Chocolate Cake Recipe Peacock Discount Dead Space Remake Mental Health Exercises
Want CNET to notify you of price drops and the latest stories?
No, thank you
Accept

Hybrid gains on Sprint purchase

Hybrid Networks Inc. (Nasdaq: HYBR) said Wednesday that Sprint Corp. (Nasdaq: FON) has ordered 16,000 wireless broadband routers for use in its nationwide roll out of fixed-wireless Internet service to business and residential customers.

Shares in Hybrid, a maker of fixed broadband wireless Internet-access systems, soared 2.06 to 10.25, or 25 percent, in response to the news.

The routers, which Sprint is using as part of a complete system developed by Hybrid, enable computers to convert data to signals that are transmitted over radio frequencies, giving users two-way wireless Internet access. Hybrid will begin shipping the Wireless Broadband Routers next week and will complete shipments by the end of 2000.