Rochester, NY 7/10/2009 9:41:16 PM
Morning Movers - WAVE - NextWave Wireless Announces Strategic Alliance between PacketVideo and NTT DOCOMO
Nextwave Wireless Inc.,WAVE
Morning Movers - WAVE - NextWave Wireless Announces Strategic Alliance between PacketVideo and NTT DOCOMO
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Nextwave Wireless Inc.,WAVE
Last Trade: 0.46
Day's Range: 0.46 - 0.4951
52wk Range: 0.07 - 4.22
Volume: 22,230
COMPANY "In The News"
NextWave Wireless Inc. today announced that DOCOMO has acquired a 35 percent equity stake in its subsidiary PacketVideo, a pioneer in wireless and digital home multimedia software and service applications, for $45.5 million. Net proceeds from the transaction will be applied to redeem a portion of NextWave’s Senior Secured Notes, due July 2010.
COMPANY DETAILS
NextWave Wireless Inc., 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 product 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.
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