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Two weeks after the delayed launch of its WCDMA network in Hong Kong Hutchison cut handset prices in a bid to win more enterprise business. The company dropped the price of its handset by HK$1000 to $3380 for purchases of five or more for companies willing to commit to monthly minimums of $383 per user. [...]
Radiomodem developer Novatel Wireless reported that its Q4 revenue rose 33% to US$10.6M and aggressive expense cutting narrowed the loss for the quarter to $1.8M. For the year the company reported a loss of $11.6M on revenue of $33.8M, both significantly improved over last year’s loss of $28.3M from a $28.8M top line. The company [...]