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Technology Stocks : PWAV- the hot new IPO

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To: JOHN CHEN who started this subject	3/20/2001 7:04:45 PM
From: Labrador	of 1491

Powerwave warns of lower Q1 revenues, loss for quarter IRVINE, Calif., March 20 (Reuters) - Powerwave Technologies Inc. (NasdaqNM:PWAV - news), a maker of power amplifiers for use in wireless communications networks, warned on Tuesday that its first quarter revenues will fall short of expectations and it expects to report a loss for the quarter. The company cited ``the sharp economic slowdown occurring in the United States, coupled with, more specifically, the slowdown in the wireless communications sector'' for a downturn in customer orders. Powerwave said it expects first quarter net sales in the range of $70 million to $80 million as well as a net loss, compared with analysts estimates for a profit of 6 cents a share, as compiled by First Call/Thomson Financial. [No posts in over a month on this thread. Trading at $12 and change in the aftermarkets.]

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