Nextwave Lists on NAZ
SI board for the New Nextwave
Subject 7407
NextWave Wireless Inc. Lists on NASDAQ
Wednesday January 3, 10:19 am ET
Company Has Reserved (WAVE) Symbol. Will Temporarily Trade Under (WAVEV)
SAN DIEGO, Jan. 3 /PRNewswire-FirstCall/ -- NextWave Wireless Inc. (Nasdaq: WAVEV - News) 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 nextwave.com
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