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

To: Crossy who wrote (1106)	4/17/1998 11:08:00 AM
From: qcom	Read Replies (1) \| Respond to of 1491

Analyst Upgrade News Release: Friday April 17, 10:22 am Eastern Time Company Press Release SOURCE: Genesis Merchant Group Securities Genesis Initiates Coverage of Powerwave with Buy Rating SAN FRANCISCO, April 17 /PRNewswire/ -- Genesis Merchant Group Securities analyst Arindam S. Basu initiated coverage today of Powerwave Technologies (Nasdaq: PWAV - news) with a buy rating. Basu noted that Powerwave is an attractive investment opportunity in the power amplifier sector of the wireless infrastructure sector, and Genesis forecasts 1999 revenue of $150 million and earnings of $1.00 per share. ''According to our estimates, the linear amplifier market will be a multi- billion dollar global market by the year 2000, growing over 25% annually from its current size of approximately $1 billion. In our opinion, Powerwave's 40% gross margins and 100%-plus return on invested capital demonstrate its strong competitive position and justify a premium valuation relative to the competition,'' Basu said. SOURCE: Genesis Merchant Group Securities