Novatel Wireless Inc.
) - one of the leading manufacturers of wireless data modem -
unveiled its latest second generation MiFi Intelligent Mobile
Hotspot powered with a touchscreen display. The exclusive rights to
sell the new MiFi device to the customers will be held by telecom
The new LTE-enabled MiFi 2 also known as MiFi Liberate, allows
the users to operate with the touch of a finger, thereby offering
highest user interface. The new MiFi Liberate having 2.8"
multi-touch interactive color display allows connectivity of about
10 devices at a time (which connects 5 more devices higher than its
earlier device) along with 11 hours of battery backup.
The next generation MiFi 2 offers enhanced user experience to
its customers by means of offering complete account details of its
current data usage and international roaming usage. Moreover,
availability of new DLNA-certified Media Center will facilitate
customers to share movies, music, presentations and photos located
in microSD cards on connected devices. It will give huge advantage
to business clients as they can easily upload and download stored
files from any connected device.
Keeping in mind the continuous change in technology, Novatel
Wireless introduced the first touchscreen Intelligent Mobile
Hotspot - which will not only enhance customer usage but will also
keep them ahead of its close rivals.
Novatel Wireless reported dismal second-quarter 2012 financial
results where its Mobile Computing Product segment (includes MiFi
devices) registered 14% reduction in revenue as compared with the
last year. Moreover, the company also expects MiFi revenues in the
third quarter to reduce mainly hurt by a slowdown in orders from
We maintain our long-term Neutral recommendation on Novatel
Wireless. Currently, it has a Zacks#3 Rank, implying a short-term
Hold rating on the stock.
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