NextWave records loss in first quarter

NextWave Wireless, which is aiming to be broadband wireless enabler of sorts, announced a loss of $41.1 million in the first quarter as the company continues to rack up the acquisitions, most recently purchasing TD-CDMA backer IPWireless. The loss was nearly double the amount it lost the previous year. The company did report $7.7 million in revenues during the quarter, up from $3.9 million. Those revenues were buoyed by its PacketVideo subsidiary, which supplies video-playing software to wireless operators and handset vendors.

To read more about NextWave's results:
- take a look at this article from RCR Wireless News (sub. req.)

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