DALLAS, Sept. 30, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring technology company Nextwave Wireless Inc. (Nasdaq:WAVE). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Nextwave Wireless Inc. (Nasdaq:WAVE) should be of particular interest to other technology companies: Flextronics International (Nasdaq:FLEX), Alcatel-Lucent (NYSE:ALU), Silicon Image Inc. (Nasdaq:SIMG) and Pixelworks Inc. (Nasdaq:PXLW).
The full report is available at: http://www.stockpreacher.com/n/WAVE
NextWave Wireless Inc. (WAVE), together with its subsidiaries, develops, produces and markets mobile multimedia and consumer electronic connectivity product solutions. The Company's product solutions include CORE multimedia framework software products for the playback of video and music in mobile phone handsets; OpenCORE open-sourced multimedia sub-system to create basic audio and video applications; and TwonkyMedia software products that auto-detect and link popular devices through the home, allowing end-users to share and enjoy various forms of mobile-multimedia content on the devices of their choice.
In the report, the analyst notes:
"In the second half of 2008, the Company commenced the implementation of a global restructuring initiative in an effort to reduce the working capital requirements, narrow business focus, and reorganize the operating units. The first results of this initiative include approximately 53% reduction in global workforce, the divestiture of IPWireless network infrastructure business, the discontinuation of operations at GO Networks, Cygnus, Global Services and NextWave Networks Products Support infrastructure businesses and semiconductor business, and the closure of several facilities throughout the world. On July 16, 2009, WAVE sold certain Semiconductor business patents and patent applications to Wi-Lan Inc. for $2.5 million.
"As a result of global restructuring initiative, the Company's continuing operations are focused on two key segments: Multimedia, consisting of the operations of its wholly owned subsidiary PacketVideo, and Strategic Initiatives, focused on the management of wireless spectrum interests."
To read the entire report visit: http://www.stockpreacher.com/n/WAVE
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