Market Overview

Novatel Announces Restructuring Initiatives

SAN DIEGO--(BUSINESS WIRE)--

Novatel Wireless (NASDAQ: NVTL), a leading provider of intelligent
wireless solutions, today announced it is implementing restructuring
initiatives designed to refine its business operations and capitalize on
synergies in its target markets with the goal of driving long-term
profitability. In connection with the restructuring plan, Novatel
Wireless is making strategic organizational changes across some of its
Mobile Computing and Machine-to-Machine (M2M) business operations that
will streamline its research and development resources and consolidate
several global manufacturing activities to drive efficiencies.

The company anticipates that the restructuring initiatives will be
substantially completed within the next 30-45 days. Once fully
implemented, Novatel Wireless estimates that the restructuring
initiatives will generate annualized,

See full press release

Posted-In: News Guidance Contracts Management Global

 

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