Proxim Provides Announcement Regarding Auditor Opinion
March 18 2005 - 6:44PM
PR Newswire (US)
Proxim Provides Announcement Regarding Auditor Opinion SUNNYVALE,
Calif., March 18 /PRNewswire-FirstCall/ -- Proxim Corporation
(NASDAQ:PROX), a leader in wireless networking equipment for Wi-Fi
and broadband wireless networks, provided today an announcement
that its financial statements for the year ended December 31, 2004,
issued on March 15, 2005 and filed on March 16, 2005 with the
Securities and Exchange Commission in the Company's Annual Report
on Form 10-K, contained a going concern qualification from its
independent registered public accounting firm. This announcement is
made in compliance with the new Nasdaq Rule 4350(b), which requires
separate disclosure of receipt of an audit opinion that contains a
going concern qualification, and does not reflect any change or
amendment to the financial statements issued on March 15, 2005. The
Company's financial statements issued March 11, 2004 for the year
ended December 31, 2003 also contained a going concern
qualification. The basis for the Company's most recent going
concern qualification is set forth in the Company's Annual Report
on Form 10-K. About Proxim Proxim Corporation is a leader in
wireless networking equipment for Wi-Fi and broadband wireless
networks. The company is providing its enterprise and service
provider customers with wireless solutions for the mobile
enterprise, security and surveillance, last mile access, voice and
data backhaul, public hot spots, and metropolitan area networks.
This press release and more information about Proxim can be found
on the Web at http://www.proxim.com/. DATASOURCE: Proxim
Corporation CONTACT: Michael Angel, Chief Financial Officer of
Proxim Corporation, +1-408-542-5200 Web site:
http://www.proxim.com/
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