To address the various emerging standards like BluetoothTM, Home RF, Wi-fiTM (IEEE 802.11), ZigBeeTM etc., in the field of wireless communications, different transceivers have been designed to operate at various frequencies such as 450 MHz, 902-920 MHz, 2.4 GHz, all part of designated ISM band. Though, the wireless systems have become more reliable, compact and easy to develop than before, a detailed performance analysis and characterization of the devices should be done. This report details the performance analysis and characterization of a popular binary FSK transceiver TRF6901 from Texas Instruments. The performance analysis of the device is done with respect to the TRF/MSP430 demonstration and development kit