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Strategies & Market Trends : Sharck Soup

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To: Softechie who wrote (16441)	4/16/2001 9:13:48 PM
From: WhatsUpWithThat	of 37746

I expected a much bigger reaction from PWAV. From -2 to +1.5, closing almost flat, with the rev/earnings news they released? Is it just me, am I missing something? From CBSMarketWatch: "The maker of amplifiers for mobile phone base stations on Thursday reported a net loss of 15 cents a share for the first quarter, deeper than the loss of 6 cents expected by analysts polled by Thomson Financial/First Call. The Santa Ana, Calif.-based company blamed its 30 percent drop in first-quarter revenues on an "unprecedented and broadly based" slowdown in U.S. telecommunications investment. Powerwave also projected full-year revenues of $400 million with earnings-per-share of 10 cents -- sharply lower than the revenues of $500 million and earnings near 29 cents that analysts had forecast. For the second quarter, the company projected a return to "very modest profitability." WUWT

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