Mq, you are such a gentlemen. Complement not only looks best; it is the proper spelling for the verb I wanted to use. By the way, did you see that NextWave will be offering its employees a bunch of options.
biz.yahoo.com
NextWave Wireless Grants Stock Options Under NASDAQ Inducement Exception
Wednesday February 28, 2:29 pm ET
SAN DIEGO, Feb. 28 /PRNewswire-FirstCall/ -- NextWave Wireless Inc. (Nasdaq: WAVE - News) announced today that its independent compensation committee has approved inducement stock option grants to 29 new employees to purchase an aggregate of 288,334 shares of the company's common stock. These stock options will vest over 48 months, with the first tranche of vesting occurring after 12 months, and have an exercise price of $11.80 per share, equal to the closing price of NextWave's common stock on February 26, 2007. The stock options were granted under the NextWave 2007 New Employee Stock Incentive Plan. The stock option grants meet the "employee inducement" exception to NASDAQ Marketplace Rule 4350 requiring shareholder approval of equity-based incentive plans.
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About NextWave Wireless Inc.
NextWave Wireless is a global provider of wireless broadband and mobile- multimedia products, technologies, and services to mobile device and network infrastructure manufacturers, wireless service operators, and consumer electronics companies. Founded in 2005, and comprised of highly experienced wireless industry veterans, NextWave Wireless develops WiMAX semiconductors and network components, multi-band RFICs, and terminal device reference designs. Its PacketVideo subsidiary provides a wide range of device-embedded multimedia software applications to many of the leading wireless carriers and handset manufacturers worldwide. Its GO Networks subsidiary offers commercial and municipal service providers with carrier-class Wi-Fi network systems optimized for wide-area deployments. NextWave intends to partner with companies to deploy next-generation wireless broadband networks on its 247 million POP spectrum footprint in the U.S. that utilizes its next-generation wireless broadband products and technologies. Visit NextWave Wireless at nextwave.com
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