The whole wireless market is starting to remind me of the “Internet bubble”, maybe because it’s based on nothing more than an intense conviction by marketeers, venture capitalists and CEOs that wireless will succeed. Eventually. Somehow.

You can see a suspicion of this in the continuing string of bankruptcies of wireless service providers, and in the recent merger announcement between Proxim Inc. and Western Multiplex Corp.

The proposed union is one of those high-concept deals: Proxim does wireless local nets, Western Multiplex does wireless WANs, put them together and there you have it. A “synergistic leveraging of mutual strengths” and similar clich