26.06.2007 12:30:00
|
Novatel Wireless Appoints New Member to Board of Directors
Novatel Wireless, Inc. (Nasdaq: NVTL), a leading provider of wireless
broadband access solutions, today announced the appointment of John Ross
to the company's Board of Directors. Mr. Ross joins the Novatel Wireless
Board of Directors with 15 years experience in developing profitable
businesses at some of America’s largest
telecommunications companies.
Mr. Ross is currently President and Chief Executive Officer of Media
Connex, Inc., a San Diego based company that provides bundled services
and equipment for wireless networks, network security, advanced
diagnostics, and other IT services and solutions.
Mr. Ross’ extensive business and technology
background includes leadership positions at major telecommunications
companies, including Motorola from 1995 until 2000, at U.S. Robotics
prior to its acquisition of Palm, Inc. in 1995, and at Littelfuse, Inc.
At Motorola, Mr. Ross was responsible for numerous breakthrough industry
initiatives including development and deployment of CDMA StarTACs, the
first clamshell mobile phone, which set several technical standards for
future mainstream cellular equipment and in 2005 was listed as #6 on The
50 Greatest Gadgets of the Past 50 Years in PC World. He also held
leadership roles in Motorola’s Japan CDMA
infrastructure deployment. Mr. Ross also held several key positions at
Novatel Wireless, including heading Strategic Business Development,
before founding Media Connex.
Mr. Ross holds an MBA from the Kellogg Graduate School of management at
Northwestern University and is a magna cum laude graduate of Washington
University, where he received a Bachelor of Science degree in Electrical
Engineering.
"We’re thrilled to gain the industry and
marketing expertise John brings to our Board as we continue to build our
organization and bring new perspectives to the company," said Peter
Leparulo, Executive Chairman of the Novatel Wireless Board of Directors.
"John has a proven record of success in the wireless industry, and we
look forward to his leadership and expertise in guiding the Novatel
Wireless team to an even greater global presence in our industry.”
"Novatel Wireless is an industry leader, and it is an honor to join this
strong and dedicated team," said Mr. Ross. "I look forward to
contributing to future successes at the company and to working with the
Novatel team in expanding its leadership position."
Novatel Wireless also announced today that it has been added to the
small-cap Russell 2000 Index when the Russell Investment Group recently
reconstituted its family of U.S. indexes on June 24.
Membership in the broad-market Russell 3000, which remains in place for
one year, means automatic inclusion in the large-cap Russell 1000 or
small-cap Russell 2000 as well as the appropriate growth and style
indexes. Russell determines membership for its equity indexes primarily
by objective, market capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for both passive and active
investment strategies. More than $2.5 trillion in assets currently are
benchmarked to them. Investment managers who oversee these funds
purchase shares of member stocks according to that company’s
weighting in the particular index.
Annual reconstitution of Russell indexes captures the 3,000 largest U.S.
stocks as of the end of May, ranking them by total market capitalization
to create the Russell 3000. The largest 1,000 companies in the ranking
comprise the Russell 1000 while the remaining 2,000 companies become the
widely used Russell 2000. These investment tools originated from
Russell's multi-manager investment business in the early 1980s when the
company saw the need for a more objective, market-driven set of
benchmarks in order to evaluate outside investment managers.
About Russell
Russell, a global leader in multi-manager investment services, provides
investment products and services in more than 39 countries. Russell
manages more than $135 billion in assets and advises clients worldwide
representing $2.3 trillion. Founded in 1936, Russell is a subsidiary of
Northwestern Mutual and is headquartered in Tacoma, Wash., with
additional offices in New York, Toronto, London, Paris, Singapore,
Sydney, Auckland and Tokyo. For more information, go to www.russell.com.
About Novatel Wireless
Novatel Wireless, Inc. is revolutionizing wireless communications. The
Company is a leader in the design and development of innovative wireless
broadband access solutions based on 3G WCDMA (HSDPA & UMTS), CDMA and
GSM technologies. Novatel Wireless' MerlinTM PC
Cards and ExpressCards, Expedite® Embedded
Modules, MobiLink™Communications Software
Suite, Ovation™ Fixed Mobile Convergence
Products and Conversa™ Software Suite enable
high-speed wireless access. The company delivers innovative 3G solutions
to operators, distributors and vertical markets worldwide. Headquartered
in San Diego, California, Novatel Wireless is listed on NASDAQ: NVTL.
For more information please visit www.novatelwireless.com.
(NVTLE)
©2007 Novatel Wireless. All rights reserved.
The Novatel Wireless logo, Merlin, Expedite, MobiLink, Ovation and
Conversa are trademarks of Novatel Wireless, Inc. Other product or
service names mentioned herein are the trademarks of their respective
owners.
Der finanzen.at Ratgeber für Aktien!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
JETZT DEVISEN-CFDS MIT BIS ZU HEBEL 30 HANDELN
Handeln Sie Devisen-CFDs mit kleinen Spreads. Mit nur 100 € können Sie mit der Wirkung von 3.000 Euro Kapital handeln.
82% der Kleinanlegerkonten verlieren Geld beim CFD-Handel mit diesem Anbieter. Sie sollten überlegen, ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren.
Nachrichten zu Novatel Wireless Inc.mehr Nachrichten
Keine Nachrichten verfügbar. |