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To: 2MAR$ who wrote (1348)	9/27/2000 8:10:48 AM
From: Tom Hua	Respond to of 19633

Wednesday September 27, 7:50 am Eastern Time M-Wave sees third-quarter profit 50 pct from Q2 BENSENVILLE, Ill., Sept 27 (Reuters) - M-Wave Inc. (NasdaqSC:MWAV - news), a provider of high-performance printed circuit boards used in wireless communications, on Wednesday said it expects third-quarter earnings to be up about 50 percent from the second quarter. That figure implies that Bensenville, Ill.-based M-Wave expects a profit of $1.14 million, given its second-quarter earnings of $758,000, or 33 cents per share. The company said it would report earnings in the range of 45 to 50 cents per share for the third quarter. M-Wave had a net loss of $495,000, or 22 cents per share, in last year's third quarter. M-wave also said it expects 2000 annual revenues to jump to between $40 million and $50 million from $11.3 million in 1999. Third-quarter gross margins will be between 17 and 20 percent, with net margins between 5 and 8 percent, the company said. ``We are on track to have a record-setting year,'' Joseph Turek, M-Wave's chairman and chief executive, said in a statement. ``We continue to see growth in our patented bonding process, Flexlink II, and our continued concentration in virtual manufacturing has enabled us to achieve our margin and income goals.'' M-Wave plans to release its third quarter results on Oct 24.