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To: KevRupert who started this subject	11/15/2000 9:02:42 PM
From: KevRupert	of 33

Novatel Wireless prices IPO at $8 per share, below range: NEW YORK, Nov 15 (Reuters) - Shares of Novatel Wireless Inc. (NasdaqNM:NVTL - news), a provider of wireless data modems and software for handheld devices, were priced at $8 per share, below the estimated price range in an initial public offering on Wednesday, said the lead underwriters. The San Diego-based company raised $56 million by selling 7 million shares at the $8 per share offering price. The company estimated its shares would price between $10-$12 per share. Novatel Wireless plans to use the proceeds from the IPO for working capital and general corporate purposes, including increased research and development and sales and marketing. The company's customers include Palm Inc. (NasdaqNM:PALM - news), which produces handheld computers. Novatel's stock will trade under the symbol ``NVTL'' on the Nasdaq starting on Thursday. Credit Suisse First Boston served as the lead underwriters on the deal.

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