Companies Team to Provide Wireless System Offering Real-time Financial Information; Reuters Marketclip Ports Stock Quotes to the Palmpilot Via the Minstrel Modem.SAN DIEGO--(BUSINESS WIRE)--Feb. 24, 1998--Novatel Wireless, Aether Technologies International and Reuters America have joined forces to provide PalmPilot(TM) users with wireless access to real-time financial information for U.S. equities through the Minstrel(TM) modem from Novatel Wireless Novatel Wireless, Inc. (NASDAQ: NVTL) is a San Diego, California-based designer and manufacturer of wireless broadband access solutions. With European offices in United Kingdom, Germany, and France, Novatel Wireless owns 30 technology patents relating to wireless voice and . Reuters MarketClip, an interactive wireless financial system available on 3Com's PalmPilot, provides users with instant access to the information that they need most--stock quotes, charts, market summaries, volume and price alerts and news headlines. Developed in cooperation with Aether Technologies LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an integrator of high-end wireless data systems, Reuters MarketClip provides the mobile professional investor with the information they need and the flexibility they demand. Reuters MarketClip allows users to access unlimited information for a flat monthly fee of $115. Novatel's Minstrel Wireless IP Modem, a lightweight modem cradle custom designed for the PalmPilot, provides wireless access to Reuters MarketClip's PalmPilot users. Using cellular digital packet data (communications, protocol) Cellular Digital Packet Data - (CDPD) A wireless standard providing two-way, 19.2 kbps packet data transmission over exisiting cellular telephone channels. (CDPD (Cellular Digital Packet Data) A low-speed, digital, wireless data network that is an enhancement to an existing analog cellular network. Based on IBM's CelluPlan II, CDPD provides a packet overlay onto the AMPS network and moves data at 19. ) technology and the standard Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. , Minstrel equips the PalmPilot with two-way wireless data capability at speeds up to 19.2 kbps. CDPD provides advanced encryption and verification techniques to ensure secure, confidential communications CONFIDENTIAL COMMUNICATIONS, evidence. Whatever is communicated professedly by a client to his counsel, solicitor, or attorney, is considered as a confidential communication. 2. . Available in March 1998, Minstrel has an anticipated price of $399 plus activation fees. With a built-in TCP/IP stack An implementation of the TCP/IP communications protocol. Network architectures designed in layers, such as TCP/IP, OSI and SNA, are called "stacks." See TCP/IP, OSI model and protocol stack. , Minstrel can be used for custom application development or with third party software applications utilizing the PalmPilot Professional's TCP/IP stack. "To be a successful member of the financial community, it's imperative to keep on top of news and price changes the moment they occur," said Aether Technologies President David Oros. "With Reuters MarketClip, financial professionals and investors can receive that mission-critical information in the palm of their hand." "We are very pleased to work with Aether and Reuters to provide the wireless connectivity to the Reuters MarketClip/PalmPilot financial tool," added Ambrose Tam, president of Novatel Wireless. "Busy financial professionals rely on real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. to make their business decisions, and the Minstrel modem puts information at their fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. wherever they are - at the Stock Exchange, at a power lunch or on the commuter train." "Novatel's Minstrel modem gives Reuters MarketClip customers using the Palm Pilot platform instant access to time-critical financial information," said Sarah Dunn, executive vice president, Reuters America. "Our subscribers will be able to use Reuters MarketClip's wireless solution to access crucial information they need virtually anytime and anywhere." Based in Owings Mills, Md., Aether Technologies International is the world leader in the development of wireless data products and services providing real-time, mission-critical information to investors and professionals in the financial marketplace. Novatel Wireless Inc. is a leading-edge wireless communications company with over 14 years of cellular experience. The company designs and markets low-cost, turnkey wireless solutions for mobile users. Novatel's product portfolio includes wireless solutions for laptops, handheld PCs and PDAs, and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and modules for vertical applications. Novatel Wireless is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Phoenix. For more information, please visit the Novatel Wireless Web site: www.novatelwireless.com or call 888/888-9231. Reuters (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :RTRSY ) supplies the global business community and the news media with a wide range of products including real-time financial data, transaction systems, access to numerical and textual historical databases, news, graphics, photos and news video. Information is obtained from around 260 exchanges and over-the-counter markets, from 4,800 subscribers who contribute data directly to Reuters and from a network of 1,975 journalists, photographers and cameramen. For more information on Reuters MarketClip visit www.marketclip.com or call 888-9STOCKS. -0- NOTE TO EDITORS: Minstrel is a trademark of Novatel Wireless Inc. PalmPilot is a trademark of 3Com or its subsidiaries. CONTACT: Aether Technologies International, L.C.C. Audrey Schaefer, 301/947-6550 schaefer@schaefer.com or Novatel Wireless Inc. Mona Thomas, 619/784-0622 mthomas@novatelwireless.com or Reuters America Inc. Wendy Zajack, 212/603-3581 wendy.zajack@reuters.com |
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