Wireless vendor Ruckus should get a good indication of the IPO climate if wireless rival Meru Networks goes public, as planned, this year. A successful performance bodes well for others in Meru's market, which includes Ruckus which is planning to go public in the first half of 2011.

The company is reported to be talking to bankers and lawyers about an IPO. Ruckus has targeted $90 million to $100 million in 2010 revenue, compared with nearly $60 million it booked last year and about three times what it did in 2008. By 2012, it projects $200 million in revenue.

The financial fundamentals are there, says Ruckus Chief Financial Officer Seamus Hennessy. He says the company is nearing profitability in the first half of 2010 and its burn rate of cash is minimal. It takes 12 to 15 months to plan an IPO, however. The company's products are sold to telecom companies and Internet service providers, who resell them. And it has a position in Europe, with customers like Deutsche Telekom, who wrestle with 3G/4G congestion as more consumers use data-intensive smartphones.

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