DRW Aironet Report - August 1999
This report is certainly one of my favoriates. Not because of the accuracy of our predictions for the wireless LAN industry, or any other numbers in the report, but rather in what it represents: the success of great ideas and the convergence of industry trends. This report was written by my friend, Mike Brown, and I in preparation for coverage following the IPO of Aironet in July of 1999. While July certainly isn't an ideal time to go public and Aironet certainly had more than its share of challenges (competitors publicly bashing the company while also privately angling to buy the company), the IPO was eventually a success and culminated with the purchase of Aironet by Cisco for nearly a 10-fold increase over its IPO price just nine months later. 


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