Terabeam (TRBM) CEO Buys 55K Shares
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In a Form 4 filing with the SEC, Terabeam, Inc. (Nasdaq: TRBM) CEO, Robert E. Fitzgerald, disclosed a purchase of 54,810 shares of the company from 09/06-09/08 at $1.84-$1.91 per share. The purchases bring the executive's stake to 2,692,400 shares.
Terabeam, Inc. has two primary subsidiaries Proxim Wireless Corporation and Ricochet Networks, Inc. Proxim Wireless Corporation is a global leader in providing mesh, WiMAX, Wi-Fi, and other broadband wireless solutions to meet the performance, scalability, and security requirements of enterprises, government, and service providers. Ricochet Networks, Inc. is a leading portable Wireless Internet Service Provider (WISP) with operational markets in Denver, Colorado and San Diego, California.
Shares of Terabeam are down fractionally to $1.83 in mid-day action Monday.
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