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Novatel reports 1Q loss

SAN DIEGO _ Novatel Wireless Inc. on Tuesday reported a loss of $7.8 million in its first quarter. The San Diego- based company said it had a loss of 17 cents per share. For the current quarter ending in June, Novatel expects its results to range from a loss of 1 cent per share to earnings of 2 cents per share.
Source: The Associated Press