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

To: Jim Bo who wrote (734)	1/28/1998 2:41:00 PM
From: Mike Winn	Respond to of 1491

Powerwave Technologies Announces Nortel Orders IRVINE, Calif.--(BUSINESS WIRE)--Jan. 28, 1998--Powerwave Technologies Inc. (Nasdaq:PWAV - news) Wednesday announced that it has received orders for $5 million from Nortel (Northern Telecom)(NYSE:NT - news) to supply its ultra-linear multicarrier RF power amplifiers for use in TDMA digital cellular networks. These orders, which include Powerwave's ultra-linear 40 and 50-watt multicarrier cellular amplifiers and associated combiners, began delivery during the fourth quarter of 1997 and are anticipated to be completed during the first quarter of 1998. --------------------------------- Was this announced last year? PWAV is 10 5/8 last time I checked --------------------------------- Powerwave also announced that it is in on-going negotiations with Nortel to complete a global supply agreement under which Nortel and its related companies could purchase power amplifiers from Powerwave. In addition, Powerwave announced that it has begun work with Nortel on development of amplifiers for use in CDMA digital cellular base stations. ''Powerwave is very excited to announce this new relationship with Nortel, one of the world's leading manufacturers of wireless base station equipment,'' stated Bruce C. Edwards, president and chief executive officer. ''With our extensive line-up of both single and multicarrier amplifiers, we are very pleased to have begun supplying amplifiers to Nortel.'' Company Background -- Nortel Nortel works with customers in more than 150 countries to design, build and integrate their communications products and advanced digital networks. Customers include public and private institutions; Internet service providers; local, long-distance, cellular mobile and PCS communications companies; cable television companies, and utilities. Nortel's research capabilities around the world include a network of research and development facilities, affiliated joint ventures and other collaborations fostering innovative product development and advanced design research in 16 countries. Nortel had 1997 revenues of $US15.5 billion and has approximately 73,000 employees worldwide.