WiMAX chipmaker Beceem looks to raise $100M in IPO

WiMAX chipmaker Beceem Communications filed for an initial public offering of up to $100 million--a move Beceem said is a way to capitalize on the continue growth of mobile broadband.

Beceem will be listed on the Nasdaq stock exchange under the ticker symbol "BECM." Intel owns 20.3 percent of the company. Beceem has reported losses since it began in 2003. Last year, the company had a $17 million loss and $44 million in revenue. Now the vendor is branching out to the LTE world, announcing a chip in February that allows devices to seamlessly roam between LTE and WiMAX and between time division duplex and frequency division duplex configurations.

This may be the year for mobile broadband companies to begin coming to market as the demand for services heats up. Wireless LAN provider Meru Networks raised about $65.8 million in its initial public offering late last month, pricing approximately 4.4 million shares at $15 each.

For more:
- see this AP article
- see this TheStreet.com article

Related Articles:
Meru IPO nets $65.8M
Beceem to build LTE/WiMAX combo chip
Beceem ships more than 1 million mobile WiMAX chipsets
Beceem Launches "4G Turbo" and Supercharges WiMAX Market

Sponsored by ADI

What if we were always connected? With the help of our advanced wireless technology, even people in the most remote places could always be in touch.

What if there were no ocean, desert, mountain or event that could ever keep us from telling our stories, sharing discoveries or asking for help? ADI’s next-gen communications technology could keep all of us connected.

Suggested Articles

With well over 100 5G networks launched worldwide, the multi-year 5G infrastructure cycle is well underway beyond the initial early markets.

All operators are trying to understand the intersection between their networks and hyperscale networks. But who gets the lion's share of the revenue?

Fierce kicks off its fall 5G Blitz week with a session on Monday, November 30, examining the RAN revolution.