Wi-LAN Announces Exit of Equipment Business to Concentrate on Core Broadband Wireless Intellectual Property Business

From: CCNMatthews Newswire | Date: February 1, 2006 | Copyright information

CALGARY, CANADA--(CCNMatthews - Feb. 1, 2006) -

Action Intended to Improve Cash Flow and Profitability

Wi-LAN Inc. (TSX:WIN) announced today that it will continue actions to focus on building the value of its core broadband wireless intellectual property business, by exiting its equipment business in an orderly manner. Wi-LAN's products incorporate market-leading technology and have been well received by the market, but the equipment business is not profitable and the company is unable to sustain the ongoing development expense and working capital requirements of the product lines while also ...

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