Question-and-Answer Session
Operator
Thanks, sir. Ladies and gentlemen, we will now begin the question-and-answer session. (Operator Instructions). And our question comes from the line of Matthew Hoffman with Cowen and Company. Please go ahead.
Matthew Hoffman - Cowen and Company
Peter, Ken, excellent job managing a smooth transition here from embedded to MiFi. Got a question for you on the competitive environment, there has been a lot of I call misinformation out there about growth surfer the, wide way, one connection product use from wireless talk through what you see coming here in third and fourth quarter from your primary competitors on the MiFi front. Thanks.
Peter Leparulo
Sure. Thanks very much on that. In terms of competitor landscape on MiFi, we do look to see is that there maybe new entrants in the market. We haven't seen anything that we would talk to market in the third quarter, which would have the same features and functionality of our MiFi product line.
So when we look at, now we look towards -- closely towards the end of the year, we've done several things on this both on the hardware and the software side and the IP side, which we believe will not only create a barrier to that but which will also, when we see competition come on board give us a greater lead even in competitive landscape.
The ways in that we have worked fairly hard at putting as much IP around the MiFi product line and announced some of that IPs in a press release last week. We believe that some of those are key patterns and we also have significantly more patterns pending.
MiFi as well is not simple piece of hardware. It's an entire ecosystem, which we're trying to pull together. So we believe that even that we see some hardware which has -- which tries to come on line as meeting product, we believe that we will continue to advance our competitive lead with applications and software, which we'll continue to make the ecosystem more defensible as we go forward.
Matthew Hoffman - Cowen and Company
So it's sound like, if I hear you right, there is a bit more of a defensive a barrier here that you've actually with IP than you had in other product cycles like USB. Is that fair way to think of the IP atleast as hurdles for your competitors?
Peter Leparulo
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