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Technology Stocks : PWAV- the hot new IPO -- Ignore unavailable to you. Want to Upgrade?

To: elisabeth Tittmann who wrote (1395)	1/26/2000 8:41:00 AM
From: Allegoria	Respond to of 1491

Business Profile The company's strategy is to become the leading supplier of high performance RF power amplifiers used in digital and analog wireless networks worldwide. During the 1999 second quarter, it continued its focus on integrating the October 1998 acquisition of Hewlett-Packard's RF power amplifier business, while operating the acquired manufacturing facility in Northern California at a higher rate than originally anticipated. The company used $22.8 million of the $57.8 million proceeds of a March 1999 stock offering to repay all of the bank debt incurred in connection with the HP acquisition. Operation Review Revenues climbed 185% year to year in the first half of 1999, largely reflecting the inclusion of revenues from the sale of products acquired in the HP acquisition in October 1998. Gross margins narrowed on increased labor and overhead costs associated with operating the Folsom manufacturing facility acquired in the HP acquisition, inefficiencies in the ramp-up of increased production in the company's Irvine facility, and a significant increase in single carrier amplifiers. Other income was down sharply, and net income was up 56%, to $6,254,000 ($0.31 a share, diluted, on 12% more shares), from $4,086,000 ($0.24). Business Summary Powerwave Technologies (formerly Milcom International) manufactures and markets ultra-linear radio frequency (RF) poweramplifiers for use in the wireless communications market. The company's RF power amplifiers, which are key components of wireless communications networks, increase the signal strength of wireless transmissions from the base station to a handset while reducing interference, or "noise." Less noise enables wireless service providers to deliver clearer call connections. Stronger signals reduce the number of interrupted or dropped calls. The company manufactures both single and multi-carrier RF power amplifiers for a variety of frequency ranges and transmission protocols. Single carrier RF power amplifiers typically amplify a specific call channel. Multi-carrier RF power amplifiers are capable of amplifying several call channels at one time and integrate the functions of several RF power amplifiers and cavity filterswithin a single unit. The company's products are currently being utilized in both cellular and personal communications services (PCS) base stations in digital and analog-based networks. The company sells most of its products to a small number of customers, and expects that this will continue. It believes that its future success depends upon its ability to broaden its customer base and maintain relationships with major wireless original equipment manufacturers, or OEMs, such as Hyundai, LGIC, Ericsson, Lucent, Nokia, Nortel and Samsung, as well as major operators of wireless networks, such as AT&T Wireless Services&T;, GTE Wireless and BellSouth. In October 1998, PWAV acquired Hewlett-Packard's RF power amplifier business for about $65.9 million. As part of this acquisition, it acquired HP's manufacturing and research and development facility in Folsom, CA, and its production equipment and manufacturing lines in Malaysia. Subsequently, the company closed the Malaysian manufacturing operations and relocated the production equipment to its existing manufacturing facility in Irvine, CA. In addition, it is currently consolidating the Folsom manufacturing facility into its Irvine manufacturing facility. PWAV intends to maintain a research and development location in the Folsom area. Courtesty of E-Trade. Good Luck, Eric

To: elisabeth Tittmann who wrote (1395)	2/11/2000 3:58:00 AM
From: Allegoria	Respond to of 1491

Nice upward pop these past few days...quiet board though... Audio: ON24/TheOnlineInvestor.com: Powerwave Technologies: Wirless Opportunities Amplified WEDNESDAY, FEBRUARY 09, 2000 11:27 AM - ON24 (ON24 via COMTEX)--As the amount of wireless subscribers grows, so does the backdrop for companies that provide integral components to digital wireless networks. Enter Powerwave Technologies. Speaker: Audio Exclusive from The Online Investor Length: 4 minutes, 34 seconds. For audio/video: on24.com Company: Powerwave Technologies (NASDAQ:PWAV) ON24 brings online investors audio and video reports about breaking business news. To see all of today's news, and to create your free, personalized email investor updates, visit on24.com. Copyright(c) 2000, ON24, Inc. Good luck, Eric

To: elisabeth Tittmann who wrote (1395)	2/11/2000 4:01:00 AM
From: Allegoria	Respond to of 1491

Powerwave to Exhibit at the GSM World Congress in Cannes, France IRVINE, Calif., Jan 31, 2000 (BUSINESS WIRE) -- Powerwave Technologies Inc. (Nasdaq:PWAV) will be exhibiting at the GSM World Congress in Cannes, France, Feb. 1-4, 2000 at stand E5. The new Chameleon multi-carrier RF power amplifier (MCPA) will be featured as one of the first amplifiers designed for third generation (3G) systems in the 2110 to 2170 MHz band. The G3L-2100-30 series MCPA is Powerwave's platform for the emerging 3G systems and can be used in either single carrier RF power amplifier (SCPA) or MCPA configurations. This provides network operators the opportunity to implement the Chameleon-2100 for small, single transceiver deployments but still maintain the flexibility of an MCPA as their networks grow. Powerwave will also be demonstrating the high power capabilities of its latest EDGE/GSM compatible multi-carrier RF power amplifier. The G3H-900-80 series provides an MCPA solution with 150 Watts in a 2-module rack configuration supporting up to 16 EDGE/GSM signals. Additional solutions are being developed for sites requiring up to 300 Watts of EDGE/GSM power per sector. EDGE based products including booster solutions will be featured at the GSM World Congress as well. Members of Powerwave's sales, marketing and engineering groups will be attending to provide information about Powerwave's RF power amplifiers. "Powerwave is continuing to demonstrate its position as one of the leaders in RF power amplifier design and manufacturing," stated Bruce C. Edwards, President and Chief Executive Officer. "With the addition of the Chameleon-2100 and the G3H-900-80 products, we are further enhancing our position as one of the leading suppliers of MCPA technology. This, along with our EDGE SCPA capabilities, allows our customers to accelerate their time-to-market with next generation networks handling both voice and data transmission." Company Background Powerwave Technologies Inc., an ISO 9001 quality certified company, is a leading supplier of high performance RF power amplifiers for use in wireless communications networks. Powerwave designs, manufactures and markets both single carrier and multi-carrier RF power amplifiers. Powerwave's products are utilized in both cellular and PCS base stations in both digital and analog networks. Powerwave also produces RF power amplifiers for the wireless local loop market. Corporate headquarters are located at 2026 McGaw Ave., Irvine, Calif. 92614. Telephone: 949/809-1100. For more information on Powerwave's high performance ultra-linear RF power amplifiers and amplifier systems, call 888/PWR-WAVE (797-9283) or visit the company's Web site at www.Powerwave.com. Forward-Looking Statements Statements contained in this news release which are not historical information are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause the company's actual results to differ materially from those projected or implied. Such potential risks and uncertainties include, but are not limited to, in no particular order: dependence on a limited number of customers; reductions or cancellations in orders from new or existing customers; the company's continued success in the design of new amplifier products and the company's ability to manufacture in quantity such new products as well as obtain qualification from its customers of such new products; and continued favorable business conditions and growth in the wireless communications market. More detailed information on these and additional factors which could affect the company's operating and financial results are described in the company's Form 10-K for the fiscal year ended Jan. 3, 1999 and the company's Form 10-Q for the quarterly period ended Oct. 3, 1999, both of which are filed with the Securities and Exchange Commission, and other risks detailed from time to time in the company's reports filed or to be filed with the Securities and Exchange Commission. Powerwave urges all interested parties to read these reports to gain a better understanding of the many business and other risks that the company faces. Additionally, the company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements which may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Powerwave Technologies Inc., Irvine Kevin Michaels (analysts), 949/809-1608 or Rob Harper (marketing), 949/809-1620 WEB PAGE: businesswire.com GEOGRAPHY: CALIFORNIA INTERNATIONAL EUROPE INDUSTRY CODE: COMPUTERS/ELECTRONICS TELECOMMUNICATIONS HARDWARE TRADSHOW Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. News Provided By COMTEX