Nextwave Wireless (fka WAVE)

[matt24d]

Awesome article on packet video. Its old but still does not change the fact that packet video is going to see major growth with android.


If It's Android Entertainment, It's PacketVideo
Wed Sep 24, 2008 12:40pm EDT

Multimedia Software for the Android Platform More than a Decade in
the Making
SAN DIEGO--(Business Wire)--
Second paragraph, second sentence of release should read: CORE is
the industry leading multimedia application framework that powers more
than 260 million devices worldwide for tier-one mobile operators (sted
CORE is the industry leading multimedia application framework that
powers more than 260 million devices worldwide for mobile operators
such as Verizon, Orange and NTT DoCoMo).

The corrected release reads:

IF IT'S ANDROID ENTERTAINMENT, IT'S PACKETVIDEO

Multimedia Software for the Android Platform More than a Decade in
the Making

Today's debut of the much-anticipated first Android-powered phone
represents significant strides in mobile multimedia innovation. The
platform incorporates a high-performance, comprehensive multimedia
subsystem from PacketVideo (PV) that the company has refined over the
last decade.

PV delivered a portion of its CORE(TM) software to the Android
mobile platform. CORE is the industry leading multimedia application
framework that powers more than 260 million devices worldwide for
tier-one mobile operators. Working with the Open Handset Alliance, PV
created an open-sourced version called OpenCORE(TM) which provides the
power to run sophisticated audio, video and imaging applications,
including several applications chosen as top award-winners in the
recent Android Developer Challenge.

Android Accelerates Development of 'Mind-blowing Devices'

"Whenever the T-Mobile G1 plays music or video, it's using PV's
OpenCORE software," said Jim Brailean, PV's CEO and co-founder. "This
is software that PV has spent a decade building and refining to
produce high performance and create the best multimedia experience in
the industry."

PV joined the Open Handset Alliance, the industry consortium
behind Android, to accelerate the development of myriad innovative
devices, which Brailean sees as critical to the continued growth of
mobile industry.

"Rich multimedia applications on these new Android-powered devices
run fast and smooth and with the rapid growth in 3G networks, you'll
see advanced new mobile music and video applications that include the
best of web services such as YouTube or Flickr," Brailean said.
"Everyone in the industry benefits from this kind of innovation."

About PV: PV is the software innovator powering the world's
leading mobile multimedia services. With more than 320 different
devices supported and more than 260 million PV multimedia clients
deployed around the world, PV has the deepest, broadest and most
respected multimedia software expertise in the industry. Founded in
1998, PV is headquartered in San Diego, California with regional
offices in the U.S., Japan, Europe and India.

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, PV, 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 are described in filings of our parent company, NextWave
Wireless Inc. (NASDAQ: WAVE) with the Securities and Exchange
Commission. All such documents are available through the SEC's website
at www.sec.gov. PV 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.

PacketVideo
Neil Sharma, [phone]
[e-mail]
or
Ruder Finn
Jeff Seedman, [phone]
[e-mail]

Copyright Business Wire 2008




http://www.reuters.com/article/idUS173183+24-Sep-2008+BW20080924