Novatel Wireless Comments on Broadcom-Qualcomm Patent Ruling
January 3, 2008
SAN DIEGO, Jan 03, 2008 (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' Merlin(TM) PC Cards and ExpressCards, Expedite(R) Embedded Modules, MobiLink(TM) Communications Software Suite, Ovation(TM) Fixed Mobile Convergence Products and Conversa(TM) 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.
SOURCE: Novatel Wireless, Inc.
Novatel Wireless Julie Cunningham, 858-431-3711 Vice President, Investor Relations & Communications [email protected] or The Blueshirt Group Mike Bishop, 415-217-4968 [email protected]
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