NextWave Wireless Inc. Lists on NASDAQ
03 Januar 2007 - 4:19PM
PR Newswire (US)
Company Has Reserved (WAVE) Symbol. Will Temporarily Trade Under
(WAVEV) SAN DIEGO, Jan. 3 /PRNewswire-FirstCall/ -- NextWave
Wireless Inc. (NASDAQ:WAVEV) announced today that is has listed its
common stock on the NASDAQ Global Market under the symbol WAVE.
Trading will occur under the symbol WAVEV on a temporary basis.
Previously, the company's stock had been trading over-the-counter
under the symbol NXWVV.OB. "We are excited to join NASDAQ, which is
home to industry leaders in the communications, media, and
technology sectors," said Allen Salmasi, president and chief
executive officer of NextWave Wireless. "We believe a NASDAQ
listing will provide increased visibility for our shares, have a
positive impact on NextWave and its shareholders, and enhance our
ability to deliver next-generation wireless broadband technologies
and solutions." About NextWave Wireless Inc. NextWave Wireless is
engaged in the development of next-generation mobile broadband and
wireless multimedia products, technologies, and services for mobile
device and network infrastructure manufacturers and for wireless
service operators. Founded in 2005 and comprised of highly
experienced wireless industry veterans from AT&T Wireless,
Intel, Microsoft, Motorola, Nokia, QUALCOMM, and Texas Instruments,
NextWave Wireless develops WiMAX semiconductors, network components
and complete wireless LAN/WAN network solutions. Its PacketVideo
subsidiary, a global provider of embedded multimedia software for
mobile phones and converged devices, provides a wide range of
multimedia solutions to many of the leading wireless carriers and
handset manufacturers worldwide. NextWave has acquired a nationwide
spectrum footprint in the U.S. that covers 247 million people and
owns nationwide WiMAX spectrum in Germany through a
majority-controlled joint venture. The Company intends to partner
with companies to deploy next-generation wireless broadband
networks on its spectrum that utilizes its next-generation wireless
broadband products and technologies. Visit NextWave Wireless at
http://www.nextwave.com/ Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" for
purposes of the Private Securities Litigation Reform Act of 1995
that involve risks and uncertainties. There can be no assurances
that forward-looking statements will be achieved, and actual events
or results could differ materially from the events or results
predicted or from any other forward-looking statements made by, or
on behalf of, NextWave, and should not be considered as an
indication of future events or results. Important factors that
could cause actual events or results to differ materially include:
our ability to develop and commercialize mobile broadband products
and technologies; consumer acceptance of WiMAX technology; our
ability to enter into and maintain network partner relationships;
changes in government regulations; changes in capital requirements;
and other risks described in filings with the Securities and
Exchange Commission. These risks and uncertainties, as well as
others, are discussed in greater detail in the filings of NextWave
with the Securities and Exchange Commission. All such documents are
available through the SEC's website at http://www.sec.gov/.
NextWave makes no commitment to revise or update any
forward-looking statements in order to reflect changes in events or
circumstances after the date any such statement is made, except as
may be required pursuant to applicable law. DATASOURCE: NextWave
Wireless Inc. CONTACT: Roy Berger of NextWave Wireless Inc.,
+1-203-742-2572, Web site: http://www.nextwave.com/
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