Another WiMax deal - Cisco pays $330M for Navini

Cisco is getting more than just technology here, they get a global list of customers too. Navini has kept the faith, plugging along there in Richardson. They were one of the few survivors of the telecom bubble and managed their burn rate until they could get revenue ramped. They were also successful in obtaining financing along the way. The valuation seems reasonable but not as high as the investors would like I'm sure. Hey a liquidity event is nonetheless a day for high-fives all around. This should build more momentum for WiMax but with some of the caveats I've indicated here in this blog.

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