Fidelity sells shares of Sierra Wireless Inc5 January 2005
Fidelity Management & Research Company and Fidelity Management Trust Company, of 82 Devonshire Street, Boston, Massachusetts, USA, as well as Fidelity International Limited of 42 Crow Lane, Pembroke, Bermuda (hereinafter referred to as "Fidelity") announce that
certain fund accounts for which Fidelity serves as investment adviser have
sold 594,000 shares (or 2.34%) of Sierra Wireless Inc.'s outstanding common
stock. Fidelity had control but not ownership of those shares. As a result of
the sale, Fidelity holds 3,264,206 shares (or 12.88%) of Sierra Wireless
Inc.'s common stock. Fidelity's sale of Sierra Wireless Inc.'s common stock
was executed on the NASDAQ.
Fidelity fund sales have been made for investment purposes only and not
with the purpose of influencing the control or direction of Sierra Wireless
Inc. The Fidelity funds may, subject to market conditions, make additional
investments in or dispositions of securities of Sierra Wireless Inc.,
including additional purchases or sales of common stock. Fidelity does not,
however, intend to acquire 20% of any class of the outstanding voting or
equity securities of Sierra Wireless Inc.
For further information: please contact Kim Flood, Vice President,
External Communications, Fidelity Investments Canada Ltd., (416) 217-7566
Source: Canada NewsWire
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