Sierra Wireless posts better than expected Q3, names new CEO

Sierra Wireless announced it lost $3.1 million in the third quarter, a better than expected outcome for the period. The company attributed the buoyed outcome to a growing demand for broadband wireless PC cards in the US and Asia. Sierra also recently secured a deal with Cingular to supply wireless network cards for use on the carrier's HSDPA network. The earlier forecast of a poor quarter came about after the company was unable to renew its contract with PalmOne in January. Shortly after the announcement CEO David Sutcliffe announced his intention to step down later in the year. The company appointed Jason Cohenour as its new CEO effective today.

For more on Sierra Wireless' Q3:
- read this piece in the National Post