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Technology Stocks : PWAV- the hot new IPO

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To: James Bowser who wrote (1174)	6/11/1998 1:22:00 PM
From: Glenn Kaler	Read Replies (1) of 1491

This was provided earlier today. This is old news on the Korea situation. PWAV has taken the initiative to get new business outside of Korea. See the earlier postings. When this information becomes apparent I see a snap back to 18.0 and beyond soon. 06/11 11:43 Sawtek's Asia woes drag Powerwave, Qualcomm lower NEW YORK, June 11 (Reuters) - A tumble Thursday in wireless communications component maker Sawtek Inc. <SAWS.O> triggered a selloff in two other equipment suppliers, Powerwave Technologies Inc. <PWAV.O> and Qualcomm Inc. <QCOM.O> as investors worry about Asia's impact on profits. "Since the South Korean crisis began in September to October last year, these stocks have tended to trade in a group," said Brian Modoff, wireless communications analyst at BT Alex. Brown.

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