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Technology Stocks : PWAV- the hot new IPO

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To: Medisco who wrote (629)	1/15/1998 6:08:00 PM
From: Brian K. Winchell	Read Replies (1) of 1491

A couple of Downgrades DID NOT help much as well ! GREAT BLUE LIGHT SPECIAL at these prices IMO. be well BRIAN NEW YORK, Jan 15 (Reuters) - Dain Rauscher said Thursday it lowered its rating on shares of Powerwave Technologies Inc to hold from buy. Q1 1998 earnings estimate lowered to $0.17/shr from $0.23/shr. Fiscal-year 1998 estimate lowered to $0.97/shr from $1.01/shr Said Korean problems worse than expected NEW YORK, Jan 15 (Reuters) - Bankers Trust Alex.Brown said Thursday it lowered its rating on shares of Powerwave Technologies Inc to buy from strong buy. Further details not immediately available. The company said on Thursday it faces the possibility of postponed, rescheduled or cancelled orders with its South Korean customers, a group that accounted for 76 percent of the company's revenues in the fourth quarter. The firm also reported fourth quarter earnings of $0.29 per share compared to $0.15 per share in the year-ago quarter. Stock fell 3-1/2 to 10-1/2. 14:12 01-15-98

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