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

To: JOHN CHEN who wrote (921)	2/25/1998 8:03:00 PM
From: David Klein	Read Replies (1) \| Respond to of 1491

Does that mean no orders have been delayed either?

To: JOHN CHEN who wrote (921)	2/27/1998 3:10:00 PM
From: Jim Bo	Respond to of 1491

2/27 2:34 Powerwave Technologies Announces Agreement With Tecnomen !!

To: JOHN CHEN who wrote (921)	2/27/1998 4:34:00 PM
From: Tim Oliver	Respond to of 1491

What's your analysis of today's news for PWAV?: TI ,semiconductor makers off on Asia worries NEW YORK, Feb 27 (Reuters) - Texas Instruments Inc and other semiconductor makers lost ground Friday as investors dumped the stocks on renewed worries that weak demand in Asia will hurt the companies' bottom lines. ''Once a week, investors wake up and see this problem is not going to go away,'' said analyst Drew Peck of Cowen & Co. Texas Instruments fell 3-3/8 to 58-1/8, while microprocessor maker Advanced Micro Devices Inc (AMD - news) dipped 1-7/16 to 23-9/16 in late afternoon trading. Investors took scare of chipmaker VLSI Technology Inc (VLSI - news) warning late Thursday that its first-quarter earnings and sales would fall significantly short of Wall Street expectations because of weak Asian demand for its wireless components, analysts said. VSLI shares plummeted 5-5/16 to 19-7/16. Texas Instruments, which derives about 31 percent of its revenues from Asian sales -- of which more than half to Japan -- remains ''near-term cautious'' about its sales there, a Wall Street analyst said. She added, however, that the company told her demand for its products was still strong, especially in Europe and the U.S. Peck, who has a long-term buy rating on Texas Instruments, said he was ''quite concerned'' about the short-term effect of Asia's economic slowdown on the company's sales. ''We haven't seen the last of this,'' he added. Analysts attributed the sell-off in part to profit taking, as the sector has surged in the past six weeks. Texas Instruments, for example, saw its stock appreciate more than 50 percent in six weeks, from a low of 40-1/4 on January 9 to a high of 62-5/8 Thursday. Among other chip makers, Micron Technology Inc (MU - news) lost 1-13/16 to 33-3/16 and bellwether Intel Corp (INTC - news) lost 2-1/4 to 90-1/16 Friday.

To: JOHN CHEN who wrote (921)	3/1/1998 6:19:00 AM
From: Brian K. Winchell	Read Replies (3) \| Respond to of 1491

rapidresearch.com John , 10 k look normal , Contract has no value. Check out site you guys will like it . Be well Brian

To: JOHN CHEN who wrote (921)	3/1/1998 2:35:00 PM
From: RFJock	Read Replies (3) \| Respond to of 1491

Group, Attended the CTIA (cellular telecommunications show) this week for the entire show. Sorry I could'nt remotely update the list as my laptop seemed to have a dead modem once I got out there to Atlanta, GA. PWAV really disappointed me in that they had no MAJOR announcements aside from the 200W MCPA product on Monday. Usually the first day of the show, the vendors announce all so that it can be biz-wired out and put in the daily show newspapers. I really think some of the earlier announcements in the quarter could have given the stock a better long term lift if they had waited until CTIA to announce, ....oh well. Products on display were all the same from last year except for the 200W units (which does not have FCC approval yet, probably 3 months away). Will 200W be a market leader ? Good question, AT&T has 125W and Motorola has 120W in their MCPA's and have not seen a major problem with coverage. Bigger is always better, but I was disappointed in no new products like WLL amplifiers or something grounding breaking in cost for a CDMA single channel amplifier. SPCT on the other hand made (3) announcements during the show and stock jumped up 2 points. They had a much more diverse number of NEW products on display. They had wideband CDMA, domestic band CDMA, 100W PCS MCPA, and new 40W MCPA which appeared to have typical SPCT killer performance vs. the PWAV units on display. Overall I was impressed by SPCTs CTIA efforts and disappointed by PWAV. Inside info from PWAV is that they have had no layoffs due to Korea and plan to do about $26 million this quarter at typical gross margin. I now need to check the analysts expectations and see if this number is in-line. More to come, but I'm very busy at work after returning from the show. ,RFJock

To: JOHN CHEN who wrote (921)	3/1/1998 7:45:00 PM
From: John E. Marciszewski	Respond to of 1491

Just wondering about your ideas for 1Q98. I went back over the order announcements from last 9/97 and 10/97 and it was about $70M. This does not include the orders that continued during the Korea crisis. I'm not sure how much of the $40M from 4Q97 this included but let's say around $20M. That leaves a $50M backlog coming into 1Q98 with a $5M Nortel order plus some other stuff new just starting to ship. Based on this unless orders have been pushed out, we should see at least $30-35 million this quarter. Am I off here???