<SUBMISSION>
<ACCESSION-NUMBER>0001170918-03-000495
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20030925
<FILING-DATE>20030926
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>PUDWILL HORST J
<CIK>0001237317
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>000-31659
<FILM-NUMBER>03913268
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>STE 1806 CENTRAL PLAZA
<STREET2>18 HARBOUR RD
<CITY>WANCHAI, HONG KONG
<STATE>K3
<ZIP>00000
<PHONE>85228029068
</BUSINESS-ADDRESS>
</REPORTING-OWNER>
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>NOVATEL WIRELESS INC
<CIK>0001022652
<ASSIGNED-SIC>7370
<IRS-NUMBER>860824673
<STATE-OF-INCORPORATION>DE
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>9255 TOWNE CENTRE DR
<STREET2>SUITE 225
<CITY>SAN DIEGO
<STATE>CA
<ZIP>92121
<PHONE>8583208800
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>9255 TOWNE CENTRE DR
<STREET2>SUITE 225
<CITY>SAN DIEGO
<STATE>CA
<ZIP>92121
</MAIL-ADDRESS>
</ISSUER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>nwi03-027_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>
   <periodOfReport>2003-09-25</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001022652</issuerCik>
        <issuerName>NOVATEL WIRELESS INC</issuerName>
        <issuerTradingSymbol>NVTL</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001237317</rptOwnerCik>
            <rptOwnerName>PUDWILL HORST J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>STE 1806 CENTRAL PLAZA</rptOwnerStreet1>
            <rptOwnerStreet2>18 HARBOUR RD</rptOwnerStreet2>
            <rptOwnerCity>WANCHAI</rptOwnerCity>
            <rptOwnerState>K3</rptOwnerState>
            <rptOwnerZipCode>00000</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock, $0.001 par value per share</value>
      </securityTitle>
      <transactionDate>
         <value>2003-09-25</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-09-25</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>833964</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0.70</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>4203008</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
            <value>By Bay Investments Limited and Marco Polo Industries Co., Ltd.</value>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>Common Stock Purchase Warrants</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>0.70</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-09-25</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-09-25</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>X</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>29797</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0.70</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>1999-06-24</value>
      </exerciseDate>
      <expirationDate>
         <value>2004-06-24</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock, $0.001 par value per share</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>29797</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>through Marco Polo Industries Co., Ltd.</value>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
         <value>Common Stock Purchase Warrants</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>0.70</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-09-25</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-09-25</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>X</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>661310</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0.70</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-08-28</value>
      </exerciseDate>
      <expirationDate>
         <value>2008-09-12</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock, $0.001 par value per share</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>661310</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>through Bay Investments Limited</value>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeTransaction>
   <derivativeTransaction>
      <securityTitle>
         <value>Common Stock Purchase Warrants</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>0.70</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-09-25</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-09-25</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>X</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>142857</value>
         </transactionShares>
         <transactionPricePerShare>
           <value>0.70</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>D</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-08-28</value>
      </exerciseDate>
      <expirationDate>
         <value>2008-11-14</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock, $0.001 par value per share</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>142857</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>0</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>I</value>
         </directOrIndirectOwnership>
         <natureOfOwnership>
           <value>through Bay Investments Limited</value>
         </natureOfOwnership>
      </ownershipNature>
   </derivativeTransaction>
 </derivativeTable>
   <remarks>The holder of record of 804,167 of these securities, Bay Investments Limited (&quot;BIL&quot;), is an investment vehicle controlled by Mr. H.J. Pudwill, one of our directors. On September 25, 2003, BIL exercised warrants to purchase 804,167 shares of common stock for an aggregate cash exercise price of $562,917. The shares of common stock issued as a consequence thereof are restricted common stock and currently not subject to an effective registration statement.
Also, on September 25,2003,Marco Polo Industries Co.,Ltd.,which Mr.Pudwill controls,exercised warrants to purchase 29, 797 shares of common stock for an aggregate  cash exercise   price of $20,858.The shares of common stock issued as a consequence thereof  are currently subject to an effective registration statement on Form S-3.</remarks>
   <ownerSignature>
      <signatureName>/s/ Patrick T. Waters, Attorney-in-Fact</signatureName>
      <signatureDate>2003-09-26</signatureDate>
   </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
