Weak forecast hits Novatel Wireless shares Nov 1, 2009
The company said Thursday that there was a buildup of inventory at wireless carriers such as Verizon and Sprint for its MiFi mobile router, which has been popular ... Stoss said that while he is hopeful the applications for MiFi will generate buzz and increase stickiness, we have yet to see any real application launches from its customers ... The company said the gains came from sales of the MiFi, a credit-card-size device that creates a mobile Wi-Fi hot spot on cellular networks. (San Diego Union-Tribune)
Technology & Biotech Nov 1, 2009
Novatel Wireless Inc. posted a third-quarter profit, reversing last year's loss, as strong sales of its MiFi personal Wi-Fi hotspot device took off. But a weak outlook for fourth-quarter sales sent shares tumbling nearly 18 percent in after-hours trading. (San Diego Union-Tribune)
Doh! Simpsons Worth More on Hulu Than on FOX Nov 1, 2009
There s a number of ways to share our 3G connections the MiFi does it natively but Windows 7 adds a new feature that one company is already taking advantage of ... That s where hardware like the MiFi excels you don t need to have computer on because the MiFi creates its own hotspot. (Salon)
Novatel Wireless Posts 3Q Profit on Higher Revenue Oct 30, 2009
Novatel Wireless posts 3Q profit on strong MiFi sales, but revenue outlook to fall short ... Novatel Wireless Inc. posted a third-quarter profit, reversing last year's loss, as strong sales of its MiFi personal Wi-Fi hotspot device took off ... However, the company said it expects fourth-quarter MiFi sales to be similar to third-quarter levels as sales catch up to initial stocking orders. (ABC News -- Wire)
Novatel Wireless posts 3Q profit Oct 30, 2009
Novatel Wireless Inc. posted a third-quarter profit, reversing last year's loss, as strong sales of its MiFi personal Wi-Fi hotspot device took off ... However, the company said it expects fourth-quarter MiFi sales to be similar to third-quarter levels as sales catch up to initial stocking orders. (San Francisco Chronicle -- Technology)
