Sierra Wireless (NASDAQ: SWIR) Message Board

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Technology Stocks : Sierra Wireless (NASDAQ: SWIR)

SWIR 30.99

0.0%

Jan 12 4:00 PM EST

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From: Bennitto	1/5/2006 5:27:34 PM
	of 49

Sierra Wireless Stock Rises on HP Deal Thu Jan 5, 12:07 PM ET NEW YORK - Sierra Wireless Inc. stock rose Thursday in the first day of trading after it raised its earnings outlook and announced a deal with Hewlett-Packard Co. to supply a wireless card for a laptop computer. Shares of the Canadian manufacturer of wireless cards rose $1.64, or 14 percent, to $13.20 in midday trading on the Nasdaq Stock Market. On Thursday, Sierra Wireless said it will supply its MC5720 EV-DO PCI Express Mini Card to Hewlett-Packard's Compaq nc6140 notebook. EV-DO cards provide Internet connection at low broadband speeds on networks provided by cell-phone carriers. On Wednesday, Sierra company said it expects fourth-quarter revenue of $37 million, up from previous expectations of $32 million. As a result of better-than-expected revenue in the December quarter, Sierra Wireless said it also expects net results to be better than the loss of $2.9 million, or 12 cents a share, it previously expected.

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