Novatel Wireless (NVTL)
by Zacks Equity ResearchMarch 25, 2011 | Comments : 0 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
The company cited lower sales of its 3G products and ongoing customer transition to next-generation 4G products are the primary reasons for this poor guidance. The recent trend of the 3G USB modem industry is indicating a glut of inventory on the part of the wireless carriers. Several industry sources predicted that Verizon, an important customer of Novatel for its MiFi intelligent hotspot, may generate lukewarm demand in the first quarter of 2011 attributable to its huge modem inventory.
Novatel is now facing increasing competitive pressure from Asian equipment developers. We do not find any immediate catalyst for Novatel and expects the company to continue to lose money in 2011.
Please login to Zacks.com or register to post a comment.