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Bear of the Day

Novatel Wireless (NVTL)

September 05, 2008 | Comments: 0
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Novatel did not provide any specific time frame, or visibility, when improved opportunities from its new products can be derived. In addition, the market for wireless data access equipment has recently become more competitive as several large vendors launched innovative products with attractive pricing. Novatel's second quarter 2008 preliminary earnings results were significantly below our estimates.


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