SIERRA WIRELESS INC
			Symbol			SWIR

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Sierra Wireless Reports Third Quarter 2009 Results

2009-10-28 16:34 ET - News Release

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VANCOUVER, Oct. 28 /CNW/ - Sierra Wireless, Inc. (NASDAQ: SWIR, TSX: SW) is reporting third quarter 2009 results.

Our results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles.

"In the third quarter of 2009, solid revenue, strong gross margin and significant cost reductions drove better than expected non-GAAP earnings from operations. We also continued to deliver strong cash flow from operations and added to our cash position." said Jason Cohenour, President and Chief Executive Officer. "In addition, we continued to experience important benefits of the Wavecom acquisition, including improved diversification, lower product costs and growing momentum in our Solutions & Services business. We believe that our integration with Wavecom is going well and is on track. Our operating cost trajectory is aligned with our expectations and we have made strong progress on site rationalization, deployment of our new organizational structure and systems integration. Additionally, we continued to leverage the strength of our combined position to drive new OEM design wins representing market share gains.

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