Key Developments For Novatel Wireless Inc
Novatel Wireless Inc (NVTL.O) (Nasdaq)
Novatel Wireless, Inc. Issues Q4 2009 Outlook; Revenue Outlook Below Analysts' Estimates
Novatel Wireless, Inc. announced that for the fourth quarter of 2009, it expects revenue to be in the range of $85 - $95 million, earnings per share (EPS) to be in the range of $0.04 - $0.12 and non-GAAP EPS to be $0.07 - $0.15. According to Reuters Estimates, analysts on an average were expecting the Company to report non-GAAP EPS of $0.14 on revenue of $96 million for the same period.
Novatel Wireless, Inc. Introduces Ovation MC998D
Novatel Wireless, Inc. announced that it has introduced Ovation MC998D HSPA+ product. The Ovation MC998D supports the 850,1900 and 2100 MHz frequency bands and is designed to provide connectivity virtually anywhere to check email, download rich multimedia content and stay connected to family, friends and coworkers. The Ovation MC998D offers unprecedented speed in Novatel Wireless, Inc.'s compact form factor design and comes equipped with multiple input multiple output (MIMO†) and diversity antenna technologies to maximize data throughput and operating range. Featuring Novatel Wireless, Inc.'s MobiLink 3 auto install connection manager, memory storage of up to 16GB via MicroSDHC and backward compatibility with HSPA technologies, the Ovation MC998D provides a total solution for mobile broadband connectivity.
The Carphone Warehouse Signs Distribution Agreement With Novatel Wireless, Inc. For Novatel Wireless Intelligent Mobile
Novatel Wireless, Inc. and The Carphone Warehouse announced that they have signed an agreement for the distribution of the Novatel Wireless Intelligent Mobile Hotspot 2352 throughout UK on T-Mobile.
Novatel Wireless, Inc. Issues Q3 2009 Guidance Above Analysts' Estimates
Novatel Wireless, Inc. announced that for third quarter of 2009, it expects revenues of $90-$95 million, earnings per share (EPS) of $0.07-$0.14 and non-GAAP EPS of $0.09-$0.16. According to Reuters Estimates, analysts were expecting the Company to report revenues of $79 million and EPS of $0.05 for the same period.
Novatel Wireless, Inc. And Mobilx Sign Agreement For Distribution Of MiFi 2352 Intelligent Mobile Hotspot
Novatel Wireless, Inc. and Mobilx announced that it has signed an agreement for the distribution of the Novatel Wireless MiFi Intelligent Mobile Hotspot to the Mobilx reseller channel throughout Central and Eastern Europe and the Middle East.
