Nextwave Wireless (fka WAVE)

[revlis]

Nextwave Takes Smaller Loss as It Navigates Roiling Market

Nextwave Wireless, a wireless technology company that operates PacketVideo, reported a net loss of $100 million for the third quarter, compared to a net loss of $233 million for the like quarter of 2008, the company said in a securities filing Nov. 5.

For the nine months ended Sept. 30, the firm reported a net loss of $238.3 million compared to a net loss of $434.7 million for the like period of last year.

In its securities filing, the company said efforts to sell some of its wireless spectrum licenses have been delayed by market conditions, as well as regulatory and other market activities involving potential buyers.

Traded under WAVE on Nasdaq, shares were trading at 61 cents Nov. 6, and have ranged from 7 cents to $1.45 over the past 52 weeks.

— Mike Allen

http://www.sdbj.com/industry_article.asp?aID=142235