Operator
Ladies and gentlemen, thank you for standing by. [Operator instructions] I would now like to turn the conference over to Erik Bylin. Please go ahead, sir.
Erik Bylin
Investor Relations
Thank you, David. Good afternoon, and welcome to NETGEAR s fourth-quarter and full-year 2020 financial results conference call. Joining us from the company are Mr. Patrick Lo, chairman and CEO; and Mr.
Bryan Murray, CFO. Format of the call will start with a review of the financials for the fourth quarter and full year provided by Bryan, followed by details and commentary on the business provided by Patrick, and finish with our first quarter of 2021 guidance provided by Bryan. We ll then have time for any questions. If you have not received a copy of today s press release, please visit NETGEAR s Investor Relations website at www.netgear.com.
Picked by Techconnect s Editors
Netgear took the wraps off its all-new Nighthawk RAXE500 router at CES today. This is a true tri-band Wi-Fi 6e device that operates three independent wireless networks using spectrum in the 2.4-, 5-, and the newly deregulated 6GHz frequency bands to deliver huge amounts of bandwidth theoretical top speed of 10.8Gbps combined with very little latency.
The FCC opened 1,200MHz of bandwidth in the 6GHz frequency band to Wi-Fi in April 2020. The primary benefit is the availability of 59 non-overlapping channels in that spectrum, compared to 25 in the 5GHz band and just three in the 2.4GHz band. Wi-Fi 6e gear is likely to have somewhat shorter range particularly compared to 2.4GHz because shorter-wavelength radio signals are more easily absorbed by walls and even the atmosphere.