Rochester, NY 7/13/2009 10:29:47 PM
Stock Exchange News - WAVE - WAVE Shares Strategic Alliance among PacketVideo and DOCOMO - Sourced WhisperFromWallStreet.com
NextWave Wireless Inc
COMPANY - NextWave Wireless Inc, WAVE
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.
ABOUT - 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.
Real-Time: 0.4130 Down 0.0285 (6.46%) 10:12am ET
Last Trade: 0.4103
Day's Range: 0.3601 - 0.44
52wk Range: 0.07 - 4.22
Volume: 236,241
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