Analyst Tim Long says fourth quarter results came in at the low end of the company's guidance. He notes the favorable software/services mix drove 5% gross margin improvement -- offsetting the impact of falling average selling prices and rising deactivations. He cut his $450 million fiscal 2003 (Feb.) revenue estimate to to $375 million, and widened his $0.13 fiscal 2003 loss to a $0.45 loss to reflect further general packet radio service (GPRS) pushouts, as well as growing operating expenditures ahead of new customer wins. Long also notes that his new estimates model a 50% sales ramp into the second half of fiscal 2003, coinciding with his forecast for a more aggressive GPRS launches in the second and third quarters. He maintains his buy rating.