Post by
tjbartels1 on Jul 21, 2007 10:14am
NVTL downgrade ???
20-Jul-07
off the Yahoo board -- 12:13 NVTL Novatel Wireless downgrade details (27.34 -0.52) -Update-
As mentioned at 10:59, JMP downgraded NVTL to Market Perform from Market Outperform. Firm says they have been able to confirm that S is discontinuing the very popular Novatel U720 U.S.B. modem as the carrier awaits availability of NVTL's next-generation, small form factor wireless U.S.B solution. Firm says S was a 38% customer of NVTL in 2006 and has remained a very significant customer through 1H07. In the interim period, S will recommend Sierra Wireless' AirCard (SWIR) 595U modem to its customers. Firm says this gap should lead to temporary mkt share shifts in the data card market and could be a positive for SWIR during the Sept qtr.