<SUBMISSION>
<ACCESSION-NUMBER>0001170918-03-000610
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20031114
<FILING-DATE>20031118
<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>031010221
</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>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>BAY INVESTMENTS LTD
<CIK>0001235280
<FISCAL-YEAR-END>0331
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>000-31659
<FILM-NUMBER>031010222
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>SUITE 1806 CENTRAL PLAZA
<STREET2>18 HARBOUR RD
<CITY>WANCHAL HONG KONG
<STATE>K3
<ZIP>00000
<PHONE>85228029068
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>SUITE 1806 CENTRAL PLAZA
<STREET2>18 HARBOUR RD
<CITY>WANCHAL HONG KONG
<STATE>K3
<ZIP>00000
</MAIL-ADDRESS>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>nwi03-029_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>2003-11-14</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0001022652</issuerCik>
        <issuerName>NOVATEL WIRELESS INC</issuerName>
        <issuerTradingSymbol>NVTL</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001235280</rptOwnerCik>
            <rptOwnerName>BAY INVESTMENTS LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>SUITE 1806, 18/F CENTRAL PLAZA</rptOwnerStreet1>
            <rptOwnerStreet2>18 HARBOUR RD</rptOwnerStreet2>
            <rptOwnerCity>WANCHAI, HONG KONG</rptOwnerCity>
            <rptOwnerState>K3</rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription>HONG KONG</rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>1</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
   <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, HONG KONG</rptOwnerCity>
            <rptOwnerState>K3</rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>1</isDirector>
         <isOfficer>0</isOfficer>
         <isTenPercentOwner>1</isTenPercentOwner>
         <isOther>0</isOther>
      </reportingOwnerRelationship>
   </reportingOwner>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>Series B Convertible Preferred Stock</value>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>0.70</value>
      </conversionOrExercisePrice>
      <transactionDate>
         <value>2003-11-14</value>
      </transactionDate>
      <deemedExecutionDate>
         <value>2003-11-14</value>
      </deemedExecutionDate>
      <transactionCoding>
         <transactionFormType>4</transactionFormType>
         <transactionCode>J</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>134</value>
            <footnoteId id="F1"/>
         </transactionShares>
         <transactionPricePerShare>
           <value>1000</value>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
         <value>2003-11-14</value>
      </exerciseDate>
      <expirationDate>
            <footnoteId id="F2"/>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>191428</value>
            <footnoteId id="F3"/>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>1357</value>
         </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeTransaction>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> Represents conversion into Series B Convertible Preferred Stock of $134,000 principal amount of Secured Subordinated Convertible Notes. Bay Investments Ltd. is an investment vehicle controlled and beneficially owned by one of our directors, Horst J. Pudwill.</footnote>

      <footnote id="F2"> Information created solely to satisfy SEC form input requirements. The Series B Stock has no expiration date.</footnote>

      <footnote id="F3"> Represents number of shares of common stock issuable upon conversion of 134 shares of Series B Preferred Stock had conversion occurred on 11/14/03.</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>/s/ Patrick T. Waters, Attorney-in-Fact</signatureName>
      <signatureDate>2003-11-18</signatureDate>
   </ownerSignature>
</ownershipDocument>

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