This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

New Novatel MiFi Hotspot Is Top-Notch

NEW YORK ( TheStreet) -- One of the best things gadget makers can do is to take a class-leading existing product and regularly improve it on multiple fronts without taking a step backward anywhere.

Apple (AAPL) has been brilliant at this with its various iterations of the iPhone, iPad and iPod.

But so has Novatel Wireless (NVTL).

In May 2009, Novatel launched its first MiFi wireless router, which allowed users to create mobile WiFi hotspots anywhere.

The compact product -- as big as few credit cards stacked together -- was an instant hit and reigned supreme in the market.

Then came the Android onslaught, led by the October 2009 launch of Droid phones from Verizon Wireless a joint venture of Verizon Communications (VZ - Get Report) and Vodafone (VOD) .

Many Android smartphones could function as mobile hotspots, and soon enough, Android's signature feature became almost synonymous with "mobile hotspot" on all carriers. This subsequently spread to all major smartphone platforms: iOS, Research In Motion's BlackBerry and Microsoft's (NOK) Windows Phone.

What seemed like a giant market opportunity in the summer of 2009 ended up looking a lot smaller after essentially every smartphone in the market gained the functionality.

But even though the market opportunity shrank, it didn't go away.

The world of mobile connectivity is arguably the world's largest device market.

The mobile device market -- now in the neighborhood of 2 billion devices per year -- is very diverse.

Some people now carry multiple devices: a BlackBerry for email, texting and address book management; and an iPhone, Android or Microsoft smartphone for the apps.

Those serious about connectivity are likely to add a dedicated mobile hotspot device to their arsenal, allowing them to feed their laptops, tablets and media players, such as the iPod Touch.

True, not everybody will spring for the dedicated device, but for the real pros, it's a sign of being, well, a real pro.

And that's where Novatel's third and latest iteration of the iconic MiFi (full name: Novatel Wireless 4G LTE Jetpack MiFi 4620L on Verizon Wireless) enters the picture.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
NVTL $4.58 1.55%
VZ $48.42 -0.64%
AAPL $124.24 0.70%
FB $83.01 0.11%
GOOG $555.17 -0.65%

Markets

DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs