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

FREE DAILY NEWSLETTER

Like this story? Subscribe to FierceWireless!

The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.

Suggested Articles

AT&T has shifted its Cricket prepaid brand to a 100% authorized retailer model, according to Wave7 Research.

The FCC decided to extend the timeline for responding to Huawei's application for review until December 11.

All operators are trying to understand the intersection between their networks and hyperscale networks. But who gets the lion's share of the revenue?