Novatel Wireless Comments on Broadcom-Qualcomm Patent Ruling
January 03 2008 - 6:00AM
Business Wire
Novatel Wireless, Inc., (Nasdaq:NVTL) a leading provider of
wireless broadband solutions, today announced that it expects no
significant impact to its business as a result of the December 31,
2007 ruling regarding Broadcom�s U.S. patent infringement suit
against Qualcomm. Based on a preliminary review of the ruling, the
Company presently expects no significant impact during 2008 to its
CDMA customers due to the �sunset� provision that extends through
January 2009. The Company expects no impact to its HSDPA customers
outside of the U.S. because this ruling applies only to the sale of
certain Qualcomm chipsets in the U.S. Further, the Company
anticipates minimal, if any, impact to its HSDPA customers in the
U.S. as it transitions to Qualcomm�s next generation,
non-infringing chipsets over the next few months. �We believe we
have sufficient inventory within our supply chain to provide for
our customers� short-term demand, and we expect to migrate to the
next generation Qualcomm chipsets well in advance of the court�s
January 31, 2009 deadline,� said Brad Weinert, president of Novatel
Wireless. �The net result is that we currently see no long-term
implications for our customers or our business as a result of this
ruling.� ABOUT NOVATEL WIRELESS Novatel Wireless, Inc. is
revolutionizing wireless communications. The company is a leader in
the design and development of innovative wireless broadband access
solutions based on 3G WCDMA (HSDPA & UMTS), CDMA and GSM
technologies. Novatel Wireless' MerlinTM PC Cards and ExpressCards,
Expedite� Embedded Modules, MobiLink� Communications Software
Suite, Ovation� Fixed Mobile Convergence Products and Conversa�
Software Suite enable high-speed wireless access. The company
delivers innovative 3G solutions to operators, distributors and
vertical markets worldwide. Headquartered in San Diego, California,
Novatel Wireless is listed on NASDAQ: NVTL. For more information
please visit www.novatelwireless.com. (NVTLG) This release may
contain forward-looking statements, which are made pursuant to the
safe harbor provisions of the United States Private Securities
Litigation Reform Act of 1995, as amended to date. These
forward-looking statements involve risks and uncertainties. A
number of important factors could cause actual results to differ
materially from those in the forward-looking statements contained
herein. These factors include risks relating to technological
changes, new product introductions, continued acceptance of Novatel
Wireless� products and dependence on intellectual property rights.
These factors, as well as other factors that could cause actual
results to differ materially, are discussed in more detail in
Novatel Wireless� filings with the United States Securities and
Exchange Commission (available at www.sec.gov) and other regulatory
agencies. (C) 2008 Novatel Wireless. All rights reserved. The
Novatel Wireless logo, Merlin, Expedite, MobiLink, Ovation and
Conversa are trademarks of Novatel Wireless, Inc. Other product or
service names mentioned herein are the trademarks of their
respective owners.
Novatel Wireless, Inc. (NASDAQ:MIFI)
Historical Stock Chart
From Oct 2024 to Nov 2024
Novatel Wireless, Inc. (NASDAQ:MIFI)
Historical Stock Chart
From Nov 2023 to Nov 2024