Washington, D.C. 20549

                                   Form 12b-25

                         Commission File Number 0-21061

                           NOTIFICATION OF LATE FILING

                                   FORM 10-KSB
                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 2002

(Check One):     [X] Form 10-KSB      [_] Form 11-K           [_] Form 20-F
                 [_] Form 10-Q        [_] Form N-SAR

                 For Period Ended:         December 31, 2002

   [_]   Transition Report on Form 10-K
   [_]   Transition Report on Form 20-F
   [_]   Transition Report on Form 11-K
   [_]   Transition Report on Form 10-Q
   [_]   Transition Report on Form N-SAR

         For the Transition Period Ended:


                         PART I - REGISTRANT INFORMATION

Full Name of Registrant:

      SPEEDCOM Wireless Corporation

Address of Principal Executive Office (Street and Number):

      7020 Professional Parkway East

City, State and Zip Code:

      Sarasota, Florida 34240

                        PART II - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed.

(x)   (a) The reasons described in reasonable detail in Part III of this form
          could not be eliminated without unreasonable effort or expense;

(x)   (b) The subject annual report, or semi-annual report, transition report on
          Form 10-KSB, Form 20-F, Form 11-K, Form N-SAR, or portion thereof,
          will be filed on or before the fifteenth calendar day following the
          prescribed due date; or the subject quarterly report or transition
          report on Form 10-Q, or portion thereof, will be filed on or before
          the fifth calendar day following the prescribed due date; and

( )   (c) The accountant's statement or other exhibit required by Rule 12b-25
          has been attached if applicable.

                              PART III - NARRATIVE

State below in reasonable detail the reasons why the Form 10-KSB, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period. (Attach Extra Sheets if Needed).

The Company's auditors are unable to complete their review of the financial
statements in order for the Company to file its annual report on Form 10-KSB by
the March 31st, filing date. The delay in filing is due to the fact that the
Company changed accountants during the fiscal year ended December 31, 2002 and
the Company's new auditors have not had sufficient time to review the prior year
workpapers of the previous accountants. The Company anticipates that this review
will be finalized shortly. It is expected that the Company will be able to
complete the financial statements and that the report on Form 10-KSB will be
filed prior to the expiration of the extension period.

                           PART IV - OTHER INFORMATION

(1)   Name and telephone number of person to contact in regard to this

      Mark Schaftlein
      (941) 907-2343

(2)   Have all other periodic reports required under Section 13 or 15(d) of the
      Securities Exchange Act of 1934 or Section 30 of the Investment Company
      Act of 1940 during the preceding 12 months (or for such shorter period
      that the registrant was required to file such reports) been filed? If
      answer is no, identify report(s).

          (X)  Yes        ( )  No

Is it anticipated that any significant change in results of operations from the
corresponding period for the last fiscal year will be reflected by the earnings
statements to be included in the subject report or portion thereof?

          ( )  Yes        (X)  No

(3)   If so, attach an explanation of the anticipated change, both narratively
      and quantitatively, and, if appropriate, state the reasons why a
      reasonable estimate of the results cannot be made.

SPEEDCOM Wireless Corporation has caused this notification to be signed on its
behalf by the undersigned hereunto duly authorized.

Date: March 26, 2003                    By: /s/ Mark Schaftlein
                                            Mark Schaftlein
                                            Chief Financial Officer