| DATE | REPORT | NAME |
| 12/8/08 | Novatel Wireless, Inc. (NVTL - $3.30 – NASDAQ): Discontinuing Research Coverage Due to Analyst's Departure Kevin Dede, CFA | |
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| 10/23/08 | Novatel Wireless, Inc. (NVTL - $4.40 – NASDAQ): Data Trends Strong But New Deals Seem Stagnant; Reducing Estimates; Hold Kevin Dede, CFA (212) 218-3714 | |
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| 8/20/08 | Novatel Wireless, Inc. (NVTL - $8.40 – NASDAQ): Downside of Product Cycle; Outlook & Story Change for Worse; Downgrade to Hold Kevin Dede, CFA (212) 218-3714 | |
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| 8/18/08 | Novatel Wireless, Inc. (NVTL - $9.15 – NASDAQ): USB Sales Should Expand; Verizon Promo Slot Helps; Buy Kevin Dede, CFA (212) 218-3714 | |
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| 6/4/08 | Novatel Wireless, Inc. (NVTL - $10.88 – NASDAQ): Verizon Business Expands; Execution Confidence Improves; Upgrade to Buy $13 PT Kevin Dede, CFA (212) 218-3714 | |
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| 5/2/08 | Novatel Wireless, Inc. (NVTL - $9.14 – NASDAQ): March In Line With Pre-release; Displaced Near Term; Hold Kevin Dede, CFA (212) 218-3714 | |
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| 4/15/08 | Novatel Wireless, Inc. (NVTL - $10.01 – NASDAQ): Tip of the Iceberg? Structural Sales Issues; Reducing to Hold Kevin Dede, CFA (212) 218-3714 | |
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| 3/24/08 | Novatel Wireless, Inc. (NVTL - $8.98 - NASDAQ): Business Appears on Track; Auspicious New Initiatives Unleashed Shortly; Buy Kevin Dede,CFA (212) 218-3714 | |
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| 2/21/08 | Novatel Wireless, Inc. (NVTL - $13.86 – NASDAQ): Constraints Mar 4Q07; New Initiatives to Spark 2H08; PT to $18 from $32 Kevin Dede, CFA (212) 218-3714 | |
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| 11/6/07 | Novatel Wireless, Inc. (NASDAQ: NVTL $26.42/Buy) European Data Marching Back; Raising Estimates; Reiterate Buy Kevin Dede (212) 218-3714 | |
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| 11/5/07 | Novatel Wireless, Inc. (NASDAQ: $25.00/Buy) 3Q07 Preview: 3G Data Demand Driving Strong Sales; Reiterate Buy Kevin Dede, CFA (212) 218-3714 | |
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| 10/22/07 | Novatel Wireless, Inc. (NASDAQ: NVTL $23.85/Buy) Upgrade to Buy; New USB Modem and European Network Extension Provide Catalysts Kevin Dede (212) 218-3714 | |
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| 8/7/07 | Novatel Wireless, Inc. (NASDAQ: NVTL $21.36/Hold) Super 2Q Report, But Remain on the Sidelines; F08 Growth Catalysts Still Fuzzy Kevin Dede, CFA (212) 218-3714 | |
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| 6/12/07 | Novatel Wireless, Inc. (NASDAQ: NVTL $24.17/Hold) Transitioning Coverage; Industry Dynamics Remain Impressive, But Stock Has Run Kevin Dede, CFA (212) 218-3714 | |
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| 1/5/07 | Novatel Wireless, Inc. (NASDAQ: NVTL $10.15/Buy) Expecting Strong Growth and Improving Operating Leverage in 2007; Buy Erik Zamkoff (212) 218-3850 | |
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| 10/25/06 | Novatel Wireless, Inc. (NASDAQ: NVTL $9.28/Buy) New Products Drive Revs. Growth; Margin Expansion Limited: PT to $15 From $17 Erik Zamkoff (212) 218-3850 | |
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| 10/6/06 | Novatel Wireless, Inc. (NASDAQ: NVTL $9.45/Buy) Pre-announces Solid 3Q06 Results; Strong Embedded Ramp Continues; Buy Erik Zamkoff (212) 218-3850 | |
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| 9/28/06 | Novatel Wireless, Inc. (NASDAQ: NVTL $9.64/Buy) Novatel Remains Well Positioned Despite Nokia's OEM Intentions; Buy Erik Zamkoff (212) 218-3850 | |
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| 8/29/06 | Novatel Wireless, Inc. (NASDAQ: NVTL $10.95/Buy) Recent Announcements Highlight Increasing 2H06 Momentum; Reiterate Buy Erik Zamkoff (212) 218-3850 | |
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| 7/27/06 | Novatel Wireless, Inc. (NASDAQ: NVTL $11.96/Buy) Final 2Q06 Results Solid; Embedded Momentum Is Building Into 2Ho6; Buy Erik Zamkoff (212) 218-3850 | |
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| 7/24/06 | Novatel Wireless, Inc. (NASDAQ: NVTL $10.51/Buy) 2Q06 Preview: Positive Momentum Expected to Continue in 2H06; Buy Erik Zamkoff (212) 218-3850 | |
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| 7/6/06 | Novatel Wireless, Inc. (NASDAQ: NVTL $10.51/Buy) Raises 2Q06 Revenue Range on Strong Card Sales and Embedded Launches; Buy Erik Zamkoff (212) 218-3850 | |
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| 5/15/06 | Novatel Wireless Inc. (NASDAQ: NVTL $10.81/Buy) Get Back "Embedded" With Novatel; Expect Strong 2H06 Growth; Upgrading to Buy Erik Zamkoff (212) 218-3850 | |
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| 5/10/06 | Novatel Wireless, Inc. (NASDAQ: NVTL $9.95/Hold) Reports In-line Quarter; Embedded Should Drive Strong 2H06 Growth; Hold Erik Zamkoff (212) 218-3850 | |
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| 2/23/06 | Novatel Wireless, Inc. (NVTL - $9.56 - NASDAQ): Lowering Estimates; 2H06 Story; Downgrading to Hold | |
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| 1/30/06 | Novatel Wireless, Inc. (NVTL - $10.71 - NASDAQ): Reversal of Fortune Creates an Interesting "Option" for Novatel; Buy | |
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| 1/27/06 | Novatel Wireless, Inc. (NVTL - $11.98 - NASDAQ): 4Q05 Disappoints; UMTS Margins Pressured; Announces Dell Deal; Buy | |
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| 12/5/05 | Novatel Wireless, Inc. (NVTL - $13.68 - NASDAQ) Mid-Quarter Update; Reiterate Buy Rating *NOTE* | |
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| 10/27/05 | Novatel Wireless, Inc. (NVTL-$12.24-NASDAQ): Reports Solid 3Q05; Outlook for 2006 Appears Strong; Reiterate Buy (1) Rating | |
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| 10/24/05 | Novatel Wireless, Inc. (NVTL:$12.56:NASDAQ): Much Ado About Nothing; Reiterate Buy (1) Rating *NOTE* | |
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| 9/19/05 | Novatel Wireless, Inc. (NVTL:NASDAQ): New Developments Support Thesis; Maintain Buy (1) Rating *NOTE* | |
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| 9/16/05 | Novatel Wireless, Inc. (NVTL:NASDAQ): New Developments Support Thesis; Maintain Buy (1) Rating *NOTE* | |
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| 8/29/05 | Novatel Wireless, Inc. (NVTL:NASDAQ): Wireless Broadband Service Price Reduction Benefits Card Supplier Novatel; Maintaining Buy (1) Rating *NOTE* | |
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| 7/28/05 | Novatel Wireless, Inc. (NVTL: NASDAQ) Initiating Coverage with Buy (1) Rating and $21 Price Target *REPORT* | |
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| 7/27/05 | Novatel Wireless, Inc. (NVTL:NASDAQ) Currency and Logistics Move Offset Solid Revenue Performance; Adjusting Estimates and Maintaining Buy (1) Rating *NOTE* | |
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| 7/21/05 | Novatel Wireless, Inc. (NVTL: NASDAQ) Initiating Coverage with Buy (1) Rating and $21 Price Target *NOTE* | |
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