This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

New Novatel MiFi Hotspot Is Top-Notch

Stocks in this article: NVTL VZ VOD

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) 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

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.66 +9.43 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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