I am up 68 percent in three weeks on this stock.Is anyone familiar with it, your thoughts on it? Thanks Neil
Earnings Announcements for Monday, May 4,2009
Powerwave Technologies PWAV -0.06 After Market
Powerwave Technologies Earnings Conference Call (Q1 2009)
http://biz.yahoo.com/cc/0/102750.html
Neil, chart looks well and it will be helped with better then expected earnings.
I would not sell till the quarterly report.
Looking at the chart it has rallied off a bottom in the past few weeks.
Buying on the dip under a level it hasn't seen for some time.
Volume: 584,685
Avg Vol (3m): 1,510,190
Technicals
Percentage Gainer
Last Price Quote is:
27.16%above 13-day MA
46.31%above 50-day MA
RS Rating: 89
Fundamentals
Key Data:
Market Cap (M): $91.06
P/E Ratio: 23.36
PEG Ratio: -2.48
Next Earnings: 05/11/2009
Last Analyst Rating: Neutral
Below are the 6 month and a 1 year chart.......
Good luck with your trade Neil ! ;)
Thank you for your analysis of this stock. Neil
Just may move over that $1.00 after all...
I believe a serious gap up breakout coming very soon.
Huge Gap to fill between 95c and $1.75
Look at SCON, up 300% in a month. CNXT up 150%. All filled their gap.
PWAV has a history of shooting way up.
PWAV, with a market cap of $112 million, is still no where near its potential.
52wk Range: 0.22 - 5.30
Volume: 3,670,928
Avg Vol (3m): 1,509,380
Technicals
Last Price Quote is:
28.49%above 13-day MA
56.40%above 50-day MA
RS Rating: 91
Fundamentals
Earnings Expected on May 4
Key Data:
Market Cap (M): $92.38
P/E Ratio: 23.36
PEG Ratio: -2.92
Next Earnings: 05/04/2009
Last Analyst Rating: Neutral
And I didn't even mention the chart pattern...
Falling Wedge (Reversal) Pattern
The falling wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.
The falling wedge can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation), falling wedges are regarded as bullish patterns.
As with rising wedges, the falling wedge can be one of the most difficult chart patterns to accurately recognize and trade. When lower highs and lower lows form, as in a falling wedge, a security remains in a downtrend. The falling wedge is designed to spot a decrease in downside momentum and alert technicians to a potential trend reversal. Even though selling pressure may be diminishing, demand does not win out until resistance is broken. As with most patterns, it is important to wait for a breakout and combine other aspects of technical analysis to confirm signals.
From stocks charts the classic example.......
Neil I hope all this helps you out. I'm high on it...I bought it!!
Well thats really saying something when you bought some yourself. I am hanging on to my full position going into earnings report on Monday May 4th in the afternoon.Thanks so much for the charts I am learning alot. Good luck to us! I will check back in on Monday or Tuesday to chat aout how we are doing. Neil
So, lets look at PWAV
earnings - expectation was 6 cents loss on 161.76 in rev
Company reported 4 cent loss ( after 3 cents adjustment for 1 time gain ) on 149.7 mil in revs.
That is HUGE because , looks like if the revenues were in line than PWAV would have been very close to breakeven in real terms.
Looking forward- market is expecting 169.7 for quarter and 3 cents in loss. Analyst will readjust that to 159.7 in rev with 1 cent loss, again that is huge improvement.
Looking at the full year , a 165 mil in Q3 and 185 in Q4 can lead to a 5 cents profit versus a huge 2 cents loss and as for 2010 , I expect analyst to move that 11 cents up to 19 cents ( very conservative valuation )
Based on the above valuations and current state of the market, PWAV should be trading at over $2 in the next 4 weeks.
As for the other 2 drivers, company has a viable business model due to explosion in wireless, product and customer mix and access to over 100 mil in cash in this type of difficult economic environment.
Last but not least is growth potential and that will come in form of massive investments in LTE- Wimax across all markets and accelerated gains in China, India, middle east regions.
PWAV will be a $1 billion in revenue and over $1 billion in market cap by Q4 2010.
Hello Setravis I just got done listening to the PWAV CC.I read your evaluation of the information,it looks very encouraging.Are you still holding the stock?I am , and I hope we do well with this. Thanks again Neil
Quote from: b40588 on May 01, 2009, 11:45:48 PM
Well thats really saying something when you bought some yourself. I am hanging on to my full position going into earnings report on Monday May 4th in the afternoon.Thanks so much for the charts I am learning alot. Good luck to us! I will check back in on Monday or Tuesday to chat aout how we are doing. Neil
There she blows Neil.... ;) :D ;D 8)
Outstanding volume and a great pop!
If history proves to be right, then those willing to hold shares over the weekend will be rewarded again on Monday.
Major breakthrough today and build a higher base from here.
The $2.00 level is now in sight.
52wk Range: 0.22 - 5.30
Volume: 10,898,900
Avg Vol (3m): 1,655,140
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
53.28%above 13-day MA
91.91%above 50-day MA
RS Rating: 97
Fundamentals
Key Data:
Market Cap (M): $108.22
P/E Ratio: 23.36
PEG Ratio: 2.64
Next Earnings: 07/23/2009
Last Analyst Rating: Neutral
Wow,what a day yesterday. I see that the stock seemed to plummet last year in October from about 2.25 down to .95. I wonder if it will go back up in the same manner without much resistance. Neil
Thanks Setravis for your help and charts for PWAV. Neil
updated chart look...
consolidation to make that next move up...
Quote from: setravis on May 27, 2009, 09:34:59 PM
consolidation to make that next move up...
Bouncing of the 13-day MA,I say let's bust the 200-day MA and fill the gap !
52wk Range: 0.22 - 5.30
Volume: 2,617,379
Avg Vol (3m): 2,040,530
Technicals
Last Price Quote is:
14.59%above 13-day MA
55.35%above 50-day MA
RS Rating: 98
Fundamentals
Key Data:
Market Cap (M): $178.17
P/E Ratio: 23.36
PEG Ratio: 4.87952
Next Earnings: 07/23/2009
Last Analyst Rating: Neutral
let's do it ! ;)
Quote from: setravis on June 01, 2009, 09:31:21 PM
Quote from: setravis on May 27, 2009, 09:34:59 PM
consolidation to make that next move up...
Bouncing of the 13-day MA,I say let's bust the 200-day MA and fill the gap !
Friday big finish on high volume very bullish.
Momentum is on PWAVs side.
Has been tightly coiled for a month or so with a slight ascending triangle and blue skies here.
Technicals look bullish.
Is well undervalued at current prices compared to the others.
If they show any hint of stablizing or growing sales we could see a real rocket move.
Price Support Pivot Point Resistance
1.62 1.41 1.57 1.73
52wk Range: 0.22 - 5.30
Volume: 3,387,994
Avg Vol (3m): 2,086,660
Technicals
Last Price Quote is:
15.38%above 13-day MA
53.66%above 50-day MA
RS Rating: 98
Fundamentals
Key Data:
Market Cap (M): $213.80
P/E Ratio: 23.36
PEG Ratio: 5.85542
Next Earnings: 07/23/2009
Last Analyst Rating: Neutral
Can't get any better than this...
http://quote.barchart.com/texpert.asp?sym=pwav
More top-performing Investors are feeling bullish about Powerwave Technologies (Nasdaq: PWAV)
Many telecommunications solution providers such as Alcatel-Lucent (NYSE: ALU), Ciena (Nasdaq: CIEN), and Motorola (NYSE: MOT) are handing out some pretty uninspiring numbers in the most recent quarter. Powerwave joined the party of misery as customers delay capital expenditures, but despite posting a loss, which narrowed to $2.1 million, the company showed signs of operational improvements. It has worked to cut expenses and was able to improve gross margins on a pro forma basis to 23.2%, versus 21.3% in the previous quarter. It was also free-cash-flow positive in the quarter and increased its cash balance to $55.4 million.
Powerwave continues to get a large portion of its revenue from telecom heavyweight Nokia (NYSE: NOK) by way of Nokia Siemens Networks -- the wireless network solution provider accounted for more than a third of revenue in the first quarter of 2009. Its diverse customer base also includes wireless operators like Sprint (NYSE: S) and Verizon Wireless, a joint venture between Verizon (NYSE: VZ) and Vodafone. The company is also seeing improvement in Asian markets, particularly China, where China Unicom and China Mobile have been on a spending spree that's benefiting other suppliers as well.
52wk Range: 0.22 - 5.30
Volume: 3,253,418
Avg Vol (3m): 2,038,370
Technicals
Last Price Quote is:
12.94%above 13-day MA
33.35%above 50-day MA
RS Rating: 98
Fundamentals
Key Data:
Market Cap (M): $201.93
P/E Ratio: 23.36
PEG Ratio: 5.3494
Next Earnings: 07/23/2009
Last Analyst Rating: Neutral
We have The Golden Cross!
NI Technology Updates Outlooks for Microvision, DragonWave...
PRINCETON, N.J., April 8, 2010 /PRNewswire via COMTEX/ -- Next Inning Technology Research ( http://www.nextinning.com ), an online investment newsletter focused on semiconductor and technology stocks, announced it has updated outlooks for Microvision (MVIS, Trade ), DragonWave (DRWI, Trade ), Powerwave Technologies (PWAV, Trade ), Microsemi (MSCC, Trade ) and International Rectifier (IRF, Trade ).
Editor Paul McWilliams has displayed uncanny accuracy in identifying winners and losers during this challenging and historic period for the markets. After logging a very successful 2009, McWilliams is now intently focused on the catalysts generating profits in 2010.
Most recently, McWilliams identified the timing of the market's latest dip and rebound for Next Inning readers in his quarterly Strategy Review. McWilliams has also just published a special report in the emerging and volatile solar energy sector that identifies the key drivers for the industry as well as likely winners and losers. These reports, as well as McWilliams' regular commentary, are available for free to trial subscribers.
In addition, a Next Inning trial subscription also offers access to a new special report on stocks that are likely to benefit most from the boom in demand for mobile bandwidth worldwide driven by Apple's iPhone and other smartphones. Trial subscribers will also receive McWilliams' highly acclaimed State of Tech reports that offer in-depth sector by sector coverage of over 65 leading tech companies and McWilliams' specific guidance on which stocks he thinks investors should own and which should be avoided. Finally, subscribers will have access to McWilliams' daily commentary and actionable alerts that have been providing frequent profit opportunities for Next Inning subscribers for years. To take advantage of this offer and receive these reports for free, please visit the following link:
https:// www.nextinning.com/subscribe/index.php?refer=prn996
McWilliams covers these topics and more in his recent reports:
Now that Microvision has secured an order for its pico-projector technology, has McWilliams upgraded his view on the company?
What is the case for growth that has been laid out by DragonWave? Why have certain analysts downgraded the stock? Read what DragonWave has to say about this and more in a lengthy and unedited response to investor concerns.
Does Powerwave have the right business model in place to take advantage of its good design decisions? Does a valuation analysis suggest that Powerwave is trading below a fair value? Is the time right for investors to buy Powerwave?
International Rectifier has nearly doubled since McWilliams recommended it as a good speculative investment. What does McWilliams see as the risks and the critical success factors facing International Rectifier that investors should monitor going forward? Does McWilliams think the stock merits holding at its current price or does he think it's time to take some profits?
Does McWilliams expect Microsemi to beat the analysts' consensus earnings estimate in 2010? Does McWilliams have a positive view of Microsemi's recent plan to acquire White Electronic Designs? What does McWilliams see as a fair value for Microsemi?
Founded in September 2002, Next Inning's model portfolio has returned 275% since its inception versus 31% for the S&P 500.
About Next Inning:
Next Inning is a subscription-based investment newsletter that provides regular coverage on more than 150 technology and semiconductor stocks. Subscribers receive intra-day analysis, commentary and recommendations, as well as access to monthly semiconductor sales analysis, regular Special Reports, and the Next Inning model portfolio. Editor Paul McWilliams is a 30+ year semiconductor industry veteran.
NOTE: This release was published by Indie Research Advisors, LLC, a registered investment advisor with CRD #131926. Interested parties may visit adviserinfo.sec.gov for additional information. Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
CONTACT: Marcia Martin, Next Inning Technology Research, +1-888-278-5515
SOURCE Indie Research Advisors, LLC
well we haven't talked about this one in a while.
Strong Uptrend,
with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
On May 4, 2010, Powerwave Technologies, Inc. (PWAV) traded at a 52 week high of $1.94 after two analysts upgraded Powerwave to buy.
I believe Powerwave is considerably undervalued, and it should double from its current share price over the next 6 to 12 months.
Held at the 50-day. Oversold.
Target $2.25-$3.25, stop $1.65.
PWAV has been seeing a greater percentage of its revenue come from the Asia Pacific region, with the area making up about 40% of its total first-quarter revenues. And other U.S.-based companies like Qualcomm (Nasdaq: QCOM) are working hard to realize the potential there as well, as China Mobile has been testing Qualcomm's technology for possible use in next-generation 4G networks.
Powerwave Technologies Earnings Conference Call (Q2 2010)
Scheduled to start Mon, Aug 2, 2010, 5:00 pm Eastern
October 29, 2010, 8:37 AM ET.Powerwave Rises On Q3 Results...
Powerwave Technologies (PWAV) shares are trading higher following the company's Q3 financial report.
For the quarter, the wireless chip company posted revenue of $156.8 million, a hair below the Street at $158.4 million, but with pro forma profits of 6 cents a share, beating the Street consensus at 4 cents.
For Q4, the company said it is comfortable with the Street consensus revenue forecast, which is $176 million.
PWAV maintained its full year revenue forecast of $590 million to $620 million.
In early trading, PWAV is up 14 cents, or 7.1%, to $2.10.
Good earnings report...
Chart looks well and it will be helped with better then expected earnings.
Held at the 50-day...OverSold...good investment...
Day's Range: 2.22 - 2.45
52wk Range: 1.05 - 2.45
Volume: 5,484,276
Avg Vol (3m): 1,687,230
Technicals
Record Price High
Percentage Gainer
Last Price Quote is:
14.76%above 13-day EMA
20.56%above 50-day EMA
RS Rating: 83
A Stock Poised to Pop...
With that in mind, let's take a closer look at Powerwave's business.
Overall bigger upside to a small downside, if they can work to control costs they'll come up big. And with management's big buys, I think they're going to work towards it.
I believe the stock will outperform the S&P 500 going forward.
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=49750)
"Good management team with strategic focus. Strategic vision...improved cost structure last 2 years."
As a small-cap provider of wireless infrastructure products, Powerwave stands to benefit from wireless operators' ever-increasing capacity needs.
Over the next five years, Powerwave is even expected to grow profits at a substantially faster clip (125% per annum) than close foes ADC (12.75%) and CommScope (11%), as well as wireless OEM giants Alcatel (NYSE: ALU) (5%), Motorola (NYSE: MOT) (7.8%), and Nokia (NYSE: NOK) (10.8%).
PWAV Powerwave Technologies Joins EDGE(R) Innovation Network...
SANTA ANA, Calif., Dec 07, 2010 (BUSINESS WIRE) -- Powerwave Technologies, Inc. (PWAV), a global leader in end-to-end wireless coverage and capacity solutions, announces that it has joined the EDGE Innovation Network, a collaborative, open-environment initiative enabling industry and academia, with government input, to work together to enhance the delivery cycle of new technologies and innovative capabilities to warfighters and first responders.
"Powerwave has long been a leader in commercial wireless network infrastructure and is uniquely positioned to help lead the adoption of commercial technology within the government sector," said Khurram Sheikh, chief product and development officer at Powerwave. "The EDGE Innovation Network offers great opportunities for Powerwave and fellow member organizations to collaborate on advancements in network technology and architecture that can provide government and military enterprises with the improved performance and capabilities critical for public safety, defense and homeland security applications."
Sponsored by General Dynamics C4 Systems, the EDGE has already delivered several innovations including a Soldier Intelligence surveillance and reconnaissance Receiver (SIR) to the U.S. Army. About the size of a BlackBerry(R) smartphone, the SIR device delivers real-time streaming video directly from multiple manned or unmanned assets directly into the hands of soldiers on the ground. Currently, there are over 10 projects in development intended to improve and enhance warfighter capabilities. More information about the EDGE Innovation Network is available at http://www.edge-innovation.com .
Pete Palmer, EDGE Innovation Network director, said, "The EDGE bridges the gap between meeting end-user needs with current capabilities by rapidly testing and delivering prototyped solutions. By applying the EDGE process, the government can quickly and cost-effectively review innovative products that can be delivered to users in months rather than years."
There are currently seven EDGE Innovation Centers worldwide and more than 150 EDGE members. More information can be found online at www.edge-innovation.com .
About Powerwave Technologies
Powerwave Technologies is the right choice for providing mission-critical secured wireless networks for government, military, homeland security and public safety agencies. The company is an innovative leader in next-generation wireless networks solutions that are rugged, flexible, scalable, and highly reliable with superior quality performance. Powerwave's solutions and services can help public agencies and governments reduce their capital and operating expenses, speed rollout of services, improve coverage and capacity and reduce environmental impact. Powerwave's products and solutions include distributed antenna systems (DAS), private secure mobile networks, rapid, flexible deployment of wireless networks, advanced signal filtering solutions and a full range of secure above- or below-ground controlled environment vaults. For more information, visit http://www.powerwave.com/government-solutions.asp .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
SOURCE: Powerwave Technologies, Inc.
Powerwave Technologies, Inc.
Investor Inquiries:
Kevin Michaels, 714-466-1608
or
Media Inquiries:
Laura Gibbons, 714-466-1257
[email protected]
Quote from: setravis on December 06, 2010, 07:41:03 PM
A Stock Poised to Pop...
With that in mind, let's take a closer look at Powerwave's business.
Overall bigger upside to a small downside, if they can work to control costs they'll come up big. And with management's big buys, I think they're going to work towards it.
I believe the stock will outperform the S&P 500 going forward.
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=49750)
"Good management team with strategic focus. Strategic vision...improved cost structure last 2 years."
As a small-cap provider of wireless infrastructure products, Powerwave stands to benefit from wireless operators' ever-increasing capacity needs.
Over the next five years, Powerwave is even expected to grow profits at a substantially faster clip (125% per annum) than close foes ADC (12.75%) and CommScope (11%), as well as wireless OEM giants Alcatel (NYSE: ALU) (5%), Motorola (NYSE: MOT) (7.8%), and Nokia (NYSE: NOK) (10.8%).
Huge volume on such a big move.
Day's Range: 2.60 - 3.03
52wk Range: 1.05 - 3.03
Volume: 5,801,774
Avg Vol (3m): 1,977,700
Market Cap: 398.05M
P/E (ttm): N/A
EPS (ttm): -0.04
Div & Yield: N/A (N/A)
Technicals
Record Price High
Percentage Gainer
Last Price Quote is:
17.06%above 13-day EMA
28.25%above 50-day EMA
RS Rating: 95
Powerwave is a global company that provides end-to-end wireless solutions for wireless communications networks. Its products are used in wireless networks globally.
PWAV has outpaced earnings estimates for two consecutive quarters.
Day's Range: 3.28 - 3.64
52wk Range: 1.05 - 3.64
Volume: 4,098,209
Avg Vol (3m): 2,173,860
Market Cap: 476.60M
P/E (ttm): N/A
EPS (ttm): -0.04
Div & Yield: N/A (N/A)
Technicals
Record Price High
Percentage Gainer
Last Price Quote is:
20.53%above 13-day EMA
42.45%above 50-day EMA
RS Rating: 97
PWAV Powerwave Technologies Announces Fourth Quarter Conference C... by Business Wire Jan 12 2011 5:28PM
SANTA ANA, Calif., Jan 12, 2011 (BUSINESS WIRE) -- Powerwave Technologies, Inc. (PWAV) announced today that it will provide a simultaneous Webcast and live dial-in number for it's Fourth Quarter ended January 2, 2011, Financial Results Conference Call on Tuesday, February 1, 2011, at 2:00 PM Pacific Time (5:00 PM Eastern Time). Powerwave will be releasing its Fourth Quarter 2010 Financial Results on Tuesday, February 1, 2011 after the 1:00 PM Pacific Time market close. To access this live audio Webcast, select the Investor Relations page at www.powerwave.com and select the Powerwave Technologies Q4 Earnings Conference Call. To listen by phone, please dial (617) 213-8897 and enter reservation number 35629787. The call will begin at 2:00 PM Pacific Time on February 1, 2011 and last for approximately 1 hour. A replay of the Webcast will be available beginning approximately 3 hours after completion of the initial Webcast.
Additionally, an audio playback of Powerwave's Fourth Quarter 2010 Financial Results Conference Call will be available at approximately 5:00 PM Pacific Time on February 1, 2011 through February 8, 2011 by calling (617) 801-6888 and entering reservation number 22373935.
Company Background
Powerwave Technologies, Inc., is a global supplier of end-to-end wireless solutions for wireless communications networks. Powerwave designs, manufactures and markets a comprehensive suite of wireless solutions, including antennas, base station products and advanced coverage solutions, utilized in all major wireless network protocols and frequencies, including Next Generation Networks in 4G technology, such as LTE and WiMAX. Corporate headquarters are located at 1801 E. St. Andrew Place, Santa Ana, Calif. 92705. For more information on Powerwave's advanced wireless coverage and capacity solutions, please call (888)-PWR-WAVE (797-9283) or visit our web site at http://www.powerwave.com/ . Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
SOURCE: Powerwave Technologies, Inc.
Powerwave Technologies, Inc.
Kevin Michaels, 714-466-1608
Pennant BreakOut...confirmed!
Day's Range: 3.5450 - 3.89
52wk Range: 1.05 - 3.89
Volume: 4,876,109
Avg Vol (3m): 2,222,960
Market Cap: 505.89M
P/E (ttm): N/A
EPS (ttm): -0.04
Div & Yield: N/A (N/A)
Technicals
Record Price High
Percentage Gainer
Last Price Quote is:
24.29%above 13-day EMA
48.73%above 50-day EMA
RS Rating: 97
Has turned the corner from a 5 year downtrend. The fundies are interesting. Low PEG and PE based on projected earnings.
Danger lies in PWAV relying on one major customer but they're in a hot sector and despite its negative book value its positive cash flow makes it a potential buy out candidate. I like it...
Should run to about 4.50 to 4.75...After that it will run into a solid resistance line...
Day's Range: 3.40 - 3.77
52wk Range: 1.05 - 3.99
Volume: 4,389,967
Avg Vol (3m): 2,284,640
Market Cap: 496.57M
P/E (ttm): N/A
EPS (ttm): -0.04
Div & Yield: N/A (N/A)
Technicals
Close Above the 13-day EMA
Percentage Gainer
RS Rating: 96
Powerwave Technologies Reports Fourth Quarter Results
Fourth Quarter 2010 Highlights
Net sales of $176 million rose 12 percent sequentially and 23 percent year over year
GAAP Operating income of $15 million; pro forma operating income of $17 million or 9.6 percent of revenue
Converted $60 million of outstanding debt to equity
Retired an additional $10 million of debt
GAAP fully diluted EPS of 4 cents; pro forma fully diluted EPS of 6 cents
Press Release Source: Powerwave Technologies, Inc. On Tuesday February 1, 2011, 4:05 pm EST
SANTA ANA, Calif.--(BUSINESS WIRE)-- Powerwave Technologies, Inc. (Nasdaq:PWAV - News), a global supplier of end-to-end wireless solutions for wireless communications networks, today reported preliminary results for its fourth quarter ended January 2, 2011.
Net sales in the fourth quarter of fiscal 2010 were $175.6 million, compared with $142.6 million in the fourth quarter of fiscal 2009. Powerwave also reported fourth quarter GAAP net income of $6.4 million, which includes $1.0 million of restructuring and impairment charges, $0.8 million of non-cash debt discount amortization associated with certain outstanding debt, $1.5 million expense related to the conversion of $60 million of debt and the repurchase of $10 million of debt, and $0.9 million of non-cash equity based compensation expense. For the fourth quarter of 2010, the GAAP net income equates to basic earnings per share of 5 cents and fully diluted earnings per share of 4 cents. This compares with a net loss of $2.7 million, or a basic loss per share of 2 cents in the prior year period.
For the fourth quarter of fiscal 2010, excluding the restructuring and impairment charges, debt discount amortization, expenses related to the debt conversion and repurchase, and the non-cash equity based compensation expenses, on a pro forma basis, Powerwave would have reported net income of $10.1 million, or fully diluted earnings per share of 6 cents.
Total revenue for fiscal 2010 was $591.5 million compared with $567.5 million for fiscal 2009. Powerwave reported total GAAP net income for fiscal year 2010 of $3.7 million, or basic and diluted earnings per share of 3 cents, compared with a net loss of $5.7 million, or a basic loss per share of 4 cents for fiscal 2009. The results for fiscal 2010 include a total of $3.8 million of restructuring and impairment charges, $4.7 million of non-cash debt discount amortization net of a gain on the exchange of outstanding debt and a loss on the conversion to equity of debt and the net loss on the repurchase of outstanding debt, and $3.3 million of non-cash equity based compensation expenses. The results for fiscal 2009 included $8.0 million of restructuring and intangible asset amortization expenses, offset by a net gain of $3.6 million associated with the repurchase of outstanding debt net of non-cash debt discount amortization, and $4.4 million of non-cash equity based compensation expense. For fiscal 2010, excluding the restructuring and impairment charges and net debt discount amortization and equity compensation expenses, on a pro forma basis, Powerwave would have reported net income of $17.2 million, or fully diluted earnings per share of 11 cents compared with pro forma net income of $4.4 million, or fully diluted earnings per share of 3 cents for fiscal 2009.
"For the fourth quarter of 2010, we were able to show growth of 23% over the same period last year and 12% sequentially over the third quarter of this year," stated Ronald J. Buschur, president and chief executive officer of Powerwave Technologies. "More importantly, we were able to continue our improvements in our operating income for this year, with the added benefit of demonstrating strong profitability on both a GAAP and pro forma basis for the fourth quarter and year results. We continue to see signs of improvement in overall demand for wireless infrastructure equipment, driven globally by the continued increase in demand for smartphones and the requirements for faster data transmission rates. We are continuing to work to position Powerwave to capitalize on the long-term growth opportunities we believe are available within the global wireless infrastructure marketplace."
Summary of Significant Items Impacting the Fourth Quarter
During the fourth quarter of 2010, we incurred total restructuring and impairment charges of $1.0 million, which primarily included severance charges related to personnel reductions as well as site closure expenses. The Company also incurred approximately $0.8 million of non-cash debt discount amortization related to its outstanding 1.875% Convertible Subordinated Notes due 2024 pursuant to FASB Accounting Standards Codification (ASC) Topic 470-20, which is included in interest expense for the quarter.
In addition, the Company converted the entire outstanding $60 million principal amount of its 1.875% Convertible Senior Subordinated Notes due 2024 into 35.3 million shares of the Company's common stock, resulting in a loss on conversion of $1.1 million, which is included in other expense for the quarter. The Company also repurchased a total of $10 million in aggregate par value of its 1.875% Convertible Subordinated Notes due 2024, resulting in a non-cash charge of $0.4 million related to debt discount, which is also included in other expense for the quarter.
Fourth Quarter 2010 Revenue Summary
In the fourth quarter of 2010, total Americas revenue was $64.9 million or approximately 37 percent of revenue, compared with $37.9 million or approximately 27 percent of revenue in the fourth quarter of 2009. Total sales to customers based in the Asia Pacific region accounted for approximately 34 percent of revenue or $59.6 million in the fourth quarter of 2010, compared with 51 percent of revenue or $72.7 million in the fourth quarter of 2009. Total Europe, Africa and Middle East revenue in the fourth quarter of 2010 was $51.1 million or approximately 29 percent of revenue, compared with $32.0 million or approximately 22 percent of revenue in the fourth quarter of 2009.
Sales of products within the antenna systems group totaled $84.6 million or 48 percent of total revenue, sales of products in the base station systems group totaled $73.3 million or 42 percent of revenue and revenue from the coverage solutions group totaled $17.7 million or 10 percent of revenue in the fourth quarter of 2010.
In the fourth quarter of 2010, Powerwave's largest customer was Nokia Siemens Networks, who accounted for approximately 25 percent of revenue. In terms of customer profile, total OEM sales accounted for approximately 41 percent of total revenue, and total direct and operator sales accounted for approximately 59 percent of revenue.
In terms of transmission standards, 2G and 2.5G standards accounted for approximately 51 percent of total revenue, 3G standards accounted for approximately 36 percent of total revenue and 4G standards accounted for approximately 13 percent of total revenue during the fourth quarter of 2010.
Balance Sheet
At January 2, 2011, Powerwave had total cash and cash equivalents of $62.5 million, which includes restricted cash of $0.9 million. Total net inventories were $50.4 million, and net accounts receivable were $187.0 million.
Non-GAAP Financial Information
This press release includes certain non-GAAP financial information as defined by the U.S. Securities and Exchange Commission Regulation G. Pursuant to the requirements of this regulation, a reconciliation of this non-GAAP financial information to our financial statements as prepared under generally accepted accounting principles in the United States (GAAP) is included in this press release. Powerwave's management believes that the presentation of this non-GAAP financial information is useful to our investors and the investment community since it excludes restructuring and impairment charges related to the consolidation of our manufacturing and engineering facilities as well as severance costs related to facility closures and personnel reductions. In addition, excluded are the gains and losses on the conversion and repurchase of a portion of the Company's outstanding debt and the non-cash amortization of the debt discount associated with certain of our debt. Also excluded are non-cash equity compensation expenses related to ASC Topic 718. Management of Powerwave believes that these items should be excluded when comparing our current operating results with those of prior periods as the restructuring and impairment charges will not impact future operating results, the amortization of the debt discount is a non-cash expense and the gain and losses on the conversion and repurchase of debt will not impact future operating results, and equity compensation expense is a non-cash expense.
Company Background
Powerwave Technologies, Inc., is a global supplier of end-to-end wireless solutions for wireless communications networks. Powerwave designs, manufactures and markets a comprehensive suite of wireless solutions, including antennas, base station products and advanced coverage solutions, utilized in all major wireless network protocols and frequencies, including Next Generation Networks in 4G technology, such as LTE and WiMAX. Corporate headquarters are located at 1801 E. St. Andrew Place, Santa Ana, Calif. 92705. For more information on Powerwave's advanced wireless coverage and capacity solutions, please call (888)-PWR-WAVE (797-9283) or visit our web site at www.powerwave.com. Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
Attached to this news release are preliminary unaudited consolidated financial statements for the fourth quarter ended January 2, 2011.
Conference Call
Powerwave is providing a simultaneous webcast and live dial-in number of its fourth quarter fiscal 2010 financial results conference call on Tuesday, February 1, 2011 at 2:00 pm Pacific time. To access the audio webcast, select the Investor Relations page at www.powerwave.com and select the Powerwave Technologies Q4 earnings conference call. The call will last for approximately 1 hour. To listen to the live call, please call (617) 213-8897 and enter reservation number 35629787. A replay of the webcast will be available beginning approximately 3 hours after completion of the initial webcast. Additionally, an audio playback of the conference call will be available at approximately 5:00 pm Pacific time on February 1, 2011 through February 8, 2011 by calling (617) 801-6888 and entering reservation number 22373935.
Forward-Looking Statements
The foregoing statements regarding improving market conditions, increased demand for smartphones and long-term growth opportunities within the wireless communications infrastructure industry and Powerwave's ability to capitalize on such opportunities are "forward looking statements." These forward looking statements are based on information available to Powerwave as of the date of this press release and are subject to risks and uncertainties which could cause our 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: our ability to execute cost cutting initiatives without disrupting operations; delays or cancellations of wireless network capacity expansions and buildouts for both existing 2G, 2.5G, 3G and 4G networks; macroeconomic factors that may negatively influence demand for wireless communications infrastructure and thereby reduce demand for our products; future consolidation of our customers may reduce demand for our products; our ability to achieve manufacturing cost reductions and operating expense reductions; our ability to generate positive cash flow; wireless network operators may decide to not continue to deploy infrastructure equipment in the quantities that we expect; we require continued success in the design of new wireless infrastructure products and such products must be manufacturable and of good quality and reliability; component shortages or difficulties in obtaining components in the quantities required to meet customer demands may cause us to miss revenue targets and or lose customers to competitors; we are not able to increase our prices to cover our exposure to raw material and freight price increases; our dependence on single source suppliers for certain key components used in our products exposes us to potential material shortages; our business requires continued favorable business conditions and growth in the wireless communications market. Powerwave also notes that its reported financial performance and period to period comparisons are not necessarily indicative of the results that may be expected in the future and Powerwave believes that such comparisons cannot be relied upon as indicators of future performance. Powerwave also notes that the market price of its Common Stock has exhibited high levels of volatility and therefore may not be suitable for all investors. More detailed information on these and additional factors which could affect Powerwave's operating and financial results are described in the Company's Form 10-K/A, Amendment No. 1, for the fiscal year ended January 3, 2010, and Form 10-Q for the quarterly period ended October 3, 2010, 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 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, Powerwave 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.
Contact:
Powerwave Technologies, Inc.Kevin Michaels, 714-466-1608
Strong Uptrend with money management stops.
A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Powerwave is currently listed as the #1 Top-Performing Communication Equipment Company.
STRONG BUY on PWAV based on technical chart indicators.
Powerwave Technologies Announces Revolutionary 4G Product...
SANTA ANA, Calif., Feb 11, 2011 (BUSINESS WIRE) -- New LTE Picocell and 4G MIMO Active Array Antenna products will lead the lineup of 4G network infrastructure products being debuted at Mobile World Congress next week by Powerwave Technologies Inc. (PWAV), a global leader in end-to-end advanced wireless solutions for wireless communications networks. The show opens in Barcelona, Spain on February 14, 2011 and Powerwave will be located in Stand 8B109.
Inside Out Solutions is a revolutionary network technology and strategy that provides a disruptive cost and performance advantage for the wireless telecommunications sector. The Powewave Picocell and MIMO Active Array Antenna are wireless solutions for the next generation of wireless infrastructure and deployment.
"The new Powerwave Picocell and Active Array Antenna are key components of the Inside Out Solutions methodology, which brings mobile broadband coverage and capacity closer to where users need it most, both indoors and outside," said Khurram Sheikh, chief technology officer at Powerwave. "This results in better signal quality and reduced network congestion, giving users faster access and longer battery life."
LTE Picocell
The Powerwave Picocell is a powerful, all-in-one, compact LTE and Wifi basestation that delivers up to 15 times greater overall system capacity at a much lower cost and complexity than adding standard macro cells to address areas of high data usage or weak signals in the network. Indoor and outdoor models provide ubiquitous coverage and a multi-megabyte user experience anywhere, anytime.
Active Array Antenna
The Powerwave multiple-input multiple-output (MIMO) Active Array Antenna combines the company's industry-leading remote radio head, software-defined radio, tunable filtering and antenna technologies in an integrated design that can be used for 3G or 4G LTE technologies. The antenna increases basestation coverage up to 100 percent and reduces power consumption by 40 percent, slashing operational costs for network providers while bringing high quality and high performance to users.
65 MHz Instantaneous Bandwidth Remote Radio Head
The new 65 MHz instantaneous bandwidth RRH leverages Powerwave's award-winning software-defined RRH architecture for use in LTE and WiMAX distributed basestations. It provides the industry with the broadest bandwidth RRH and highest efficiency and reliability, as well as flexibility for carriers to deploy new LTE and WiMAX networks during the transition from 2G/3G.
iCC Internet Commanded Combiner
The iCC Internet Commanded Combiner is the industry's first filter combiner to enable deployment of LTE services alongside 3G networks, and also the first solution that features remote configuration and electronic tuning via the Internet. It is a major advancement from conventional filter combiners that have extremely restricted flexibility in adapting filter response because they are either fixed-tuned or manually tuned. Powerwave also demonstrates the world's first bandwidth tunable filter that allows for efficient spectrum and bandwidth management.
Digital Dividend Site Solutions
Powerwave provides all the equipment necessary to take advantage of the European "digital dividend" spectrum made available by the transition to digital television broadcasts. The new line of 4G mobile broadband site solutions on display that work in the digital dividend spectrum include crossband combiners/diplexers, universal crossband combiners, tower-mounted amplifiers and dual and triple broadband antennas. These products enable 4G networks to leverage the superior propagation characteristics of the digital dividend spectrum, the amount of potentially available spectrum and a wide range of potential uses of that spectrum.
RF Broadband Site Solutions
Powerwave is taking a leadership role as the comprehensive supplier of the equipment carrier's need to deploy their 4G networks quickly and economically. The company will be showcasing its complete line of RF broadband site solutions, which include signal combiners that combine 2G/3G/4G feeds from multiple antennas to enable carriers to reuse and consolidate existing antennas, signal amplifiers that boost signal strength to improve coverage, and broadband antennas that support both WiMAX and LTE 2.6 GHz applications.
Visit Powerwave at Mobile World Congress from February 14-17 in Booth B109, Hall 8 for complete information and demos of the company's latest 4G infrastructure offerings.
About Powerwave Technologies
A global leader in end-to-end advanced wireless solutions, Powerwave Technologies, Inc. offers cutting edge wireless infrastructure to address the demands of enterprise and commercial customers. Powerwave offers a comprehensive suite of solutions, including antennas, base station solutions and coverage solutions. Powerwave's product line supports all wireless network protocols and frequencies including next generation networks in 4G technologies such as WiMAX(TM) and LTE(R). Powerwave solutions, products and services also help wireless operators and OEMs reduce capital and operating expenses, speed rollout of services, improve coverage and capacity, and reduce environmental impact. For more information, visit us at www.powerwave.com .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
SOURCE: Powerwave Technologies
Powerwave Technologies
Investor Inquiries:
Kevin Michaels, 714-466-1608
or
Media Inquiries:
Laura Gibbons, 714-466-1257
[email protected]
Powerwave Technologies Introduces Ultra-Broadband LTE(R)...
BARCELONA, Spain, Feb 14, 2011 (BUSINESS WIRE) -- MOBILE WORLD CONGRESS -- BOOTH 8B109 -- Powerwave Technologies Inc. (PWAV), a global leader in end-to-end advanced wireless solutions, today announced the new LTE ultra-broadband Powerwave Picocell, which delivers up to 15 times greater overall system capacity at a much lower cost and complexity than adding standard macro cells to address "sore spots" of high data usage or weak signals in wireless networks. The product is debuting today at Mobile World Congress in Barcelona, Spain.
The new picocell is a key component of Powerwave's Inside Out Solutions topology and supports both LTE and Wi-Fi technologies. This powerful all-in-one compact base station enables wireless operators to inject broadband capacity closer to where their customers need it most. This gives each user a better signal and reduces network congestion, resulting in a faster experience and longer battery life. Additional benefits include less power consumption, faster zoning approvals and simpler installation.
Because LTE data speeds slow down with congestion and distance from the macro cell, the Powerwave Picocell delivers the fastest possible user experience for mobile devices, including video broadcast, mobile Internet, two-way video conferencing and HD video. In addition, enterprises and government agencies can build out a single infrastructure that enables users to take advantage of data-intensive applications using both LTE and Wi-Fi technologies in a single base station.
"Powerwave's new picocell offers an economical way to build out existing network infrastructure that not only immediately meets today's mobile user needs, but also provides for the future of 4G and beyond," said Khurram Sheikh, chief technical officer of Powerwave. "This product is a cornerstone of Powerwave's Inside Out Solutions, which dramatically boost data throughput at any time for LTE and Wi-Fi systems, both indoors and outdoors, providing an enhanced experience no matter where the user is located."
"Initial deployments of LTE networks have not been built from the inside out," said Peter Jarich, Current Analysis' service director for telecom infrastructure. "Yet, there can be no denying that as operators struggle to provide an impressive user experience, the use of small cells is critical to obtaining solid spectrum reuse and bandwidth per user. It's no surprise, then, that early market predictions for 2011 indicate that small cell architectures will become an integral part of 4G networks."
Key features of the Powerwave LTE Picocell eNodeB include:
Small, elegant form factor is minimally invasive on the environment and enables fast and smooth deployment in challenging locations, both inside and outside 3GPP Release 8 compliant Powerwave World Radio Transceiver supporting all 4G frequency bands from 700MHz to 2.7GHz Support for 100 simultaneous active users and 1000 registered users Increased aggregate data throughput of nearly 100 Mbps and user-plane latency of less than five milliseconds Integrated 2.4GHz and 5.8GHz 802.11Wi-Fi router All-in-one design including antennas, filters, RF, baseband and control 2x2 MIMO in an elegant, compact design Self Optimized Network (SON), Remote provisioning, optimization, monitoring and maintenance capabilities to reduce total cost of ownership Five times less UL transmit power for connected devices, which extends battery life and reduces cost for both wireless operators and end users
About Powerwave Technologies
A global leader in end-to-end advanced wireless solutions, Powerwave Technologies, Inc. offers cutting edge wireless infrastructure to address the demands of enterprise and commercial customers. Powerwave offers a comprehensive suite of solutions, including antennas, base station solutions and coverage solutions. Powerwave's product line supports all wireless network protocols and frequencies including next generation networks in 4G technologies such as WiMAX(TM) and LTE(R). Powerwave solutions, products and services also help wireless operators and OEMs reduce capital and operating expenses, speed rollout of services, improve coverage and capacity, and reduce environmental impact. For more information, visit us at www.powerwave.com .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
SOURCE: Powerwave Technologies Inc.
Powerwave Technologies Inc.
Investor Inquiries:
Kevin Michaels, 714-466-1608
Media Inquiries:
Laura Gibbons, 714-466-1257
[email protected]
New MIMO Active Array Antenna From Powerwave Technologies...
BARCELONA, Spain, Feb 14, 2011 (BUSINESS WIRE) -- MOBILE WORLD CONGRESS -- Powerwave Technologies, Inc. (PWAV), a global leader in end-to-end advanced wireless solutions, introduced today its new multiple-input multiple-output (MIMO) Active Array Antenna that increases mobile broadband coverage up to 100 percent and reduces power consumption by 40 percent, slashing total operational costs for network providers.
The Powerwave MIMO Active Array Antenna combines the company's industry-leading remote radio head and antenna technologies into a single integrated design with a 3dB - 5dB link budget that doubles a basestation's coverage radius when compared to non-integrated antennas. Similarly, the integrated design reduces power losses to make the antenna a much more cost-effective alternative. The compact design has the same height, width and front windloading as a conventional antenna, enabling like-for-like swapping of existing tower infrastructure. The MIMO Active Array Antenna is a leading part of Powerwave's Inside Out Solutions(TM) network strategy designed to provide ubiquitous mobile broadband coverage both inside buildings and outdoors in large venues.
"While 3G and 4G networks provide the increased data rates needed for today's mobile devices, they also lead to cell shrinkage that results in pockets of poor reception within the radius of the tower," said Khurram Sheikh, chief technical officer at Powerwave. "The increased coverage and high performance data speed at cell edge offered by Powerwave's MIMO Active Array Antenna provides the performance needed to solve the widening gap between mobile data traffic and bandwidth capacity, delivering significantly improved signal quality to customers."
The MIMO Active Array Antenna is a total solution integrated into a single radome containing all the subsystems necessary to deploy the complete 3G or 4G BTS RF up the tower. These include wideband world radio transceiver, power amplifier with advanced DPD and CFR algorithms, integrated filter and duplexer, low noise amplifier (LNA) and cross-polarized antenna with the greatest gain per unit length. This all-in-one design compared to typical solutions with separate components is quickly and easily deployed and reduces tower lease costs. In addition, with a total weight of less than 20 kg (45 lbs.) and requiring only power and fiber optic data connections, the Powerwave MIMO Active Array can be installed by one person.
Based on Powerwave's industry-proven software-defined world radio transceiver, the versatile MIMO Active Array Antenna can be used in 3G and/or 4G deployments, in frequency bands from 700 MHz to 2.7 GHz. Solutions deployed in 3G networks can be upgraded to 4G protocols at little or no cost, because no modifications to the tower-top active array antenna are necessary. The antenna supports a wide variety of protocols, including CDMA, WCDMA, HSPA+, WiMAX(TM) and LTE(R).
Availability
The MIMO Active Array Antenna is now in carrier trials and will be generally available in Q3 2011.
About Powerwave Technologies
A global leader in end-to-end advanced wireless solutions, Powerwave Technologies, Inc. offers cutting edge wireless infrastructure to address the demands of enterprise and commercial customers. Powerwave offers a comprehensive suite of solutions, including antennas, base station solutions and coverage solutions. Powerwave's product line supports all wireless network protocols and frequencies including next generation networks in 4G technologies such as WiMAX(TM) and LTE(R). Powerwave solutions, products and services also help wireless operators and OEMs reduce capital and operating expenses, speed rollout of services, improve coverage and capacity, and reduce environmental impact. For more information, visit us at www.powerwave.com .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
SOURCE: Powerwave Technologies, Inc.
Powerwave Technologies, Inc.
Investor Inquiries:
Kevin Michaels, 714-466-1608
Media Inquiries:
Laura Gibbons, 714-466-1257
[email protected]
Powerwave Launches New Remote Radio Head with 65 MHz...
BARCELONA, Spain, Feb 15, 2011 (BUSINESS WIRE) -- BOOTH 8B109 -- Powerwave Technologies, Inc. (PWAV), a global leader in end-to-end advanced wireless solutions, introduced today a remote radio head that features a 65 MHz instantaneous bandwidth.
This instantaneous bandwidth capability, which eliminates the need to either "tune" the product or offer multiple products to cover multiple bands, means that carriers can now deploy a single radio head that can be configured via software for a multitude of carrier configurations and technologies, without having to physically revisit the cell site.
The new broadband RRH is designed for 3G or 4G networks operating in 700 MHz to 2700 MHz bands. The integrated software defined radio allows for simultaneous operation of independent protocols providing seamless migration of legacy 3G networks to LTE(R). The product is part of Powerwave's Inside Out Solutions(TM) that boost data throughput at any time for LTE systems, both indoors and outdoors, providing an enhanced experience no matter where the user is located.
"To date, Powerwave has deployed more than 90,000 digital radio heads around the globe - facilitating the rapid deployment of major 4G projects," said Khurram Sheikh, chief technical officer at Powerwave. "As one of the most important subsystems of today's distributed base station topology, this 65 MHz addition to our RRH line fulfills an essential need for support of LTE network rollouts. This is the broadest digital remote radio head in the industry and provides the operators a one stop solution for a high power, large bandwidth, multi-carrier site solutions."
The small and lightweight form factor coupled with a fiber fed structure enables rapid installation and remote management. This broadband RRH can be tower or rooftop mounted, supporting an extensive combination of carrier configurations.
The remote radio head is highly configurable and provides wideband multiple-input multiple-output (MIMO) multi-mode capability with power levels ranging from 10W through 50W per transmit path in combinations of 2T2R, 2T4R and 4T4R. It is capable of supporting multiple air interfaces HSDPA, EV-DO, WiMAX(TM), LTE simultaneously and is available from 700 MHz to 2700 MHz.
About Powerwave Technologies
A global leader in end-to-end advanced wireless solutions, Powerwave Technologies, Inc. offers cutting edge wireless infrastructure to address the demands of enterprise and commercial customers. Powerwave offers a comprehensive suite of solutions, including antennas, base station solutions and coverage solutions. Powerwave's product line supports all wireless network protocols and frequencies including next generation networks in 4G technologies such as WiMAX(TM) and LTE(R). Powerwave solutions, products and services also help wireless operators and OEMs reduce capital and operating expenses, speed rollout of services, improve coverage and capacity, and reduce environmental impact. For more information, visit us at www.powerwave.com .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
SOURCE: Powerwave Technologies, Inc.
Powerwave Technologies, Inc.
Investor Inquiries:
Kevin Michaels, 714-466-1608
or
Media Inquiries:
Laura Gibbons, 714-466-1257
[email protected]
Powerwave Introduces Complete RF Broadband Site Solutions...
BARCELONA, Spain, Feb 15, 2011 (BUSINESS WIRE) -- BOOTH 8B109 -- Powerwave Technologies, Inc. (PWAV), a global leader in end-to-end advanced wireless solutions, introduced today its new lineup of mobile broadband site solutions that are optimized for operators to quickly and cost-effectively deploy 4G services over existing 2G/3G infrastructure. Powerwave's solutions reduce the capital spending cost for carriers and enable them to provide the rich mobile broadband user experience, fast access and low battery consumption that customers are demanding.
All of the products are part of Powerwave's Inside-Out Solutions(TM) network strategy designed to dramatically boost data throughput at any time for LTE(R) systems, both indoors and outdoors, providing an enhanced experience no matter where the user is located.
The new products being launched today include signal combiners, signal amplifiers and broadband antennas. The combiners consolidate feeds from multiple base transceiver stations (BTS) or radio heads for 2G/3G systems and LTE, enabling feed line and antenna consolidation and re-use of legacy equipment for new LTE technology.
Powerwave's tower mounted amplifiers boost capacity and coverage for 2G/3G and LTE deployments. They combine field-proven reliability with state-of-the-art small size that minimizes tower load and visual impact. With the improved coverage from these TMAs, carriers can cut the number of sites needed for nationwide coverage.
Powerwave has driven innovation in antenna design for more than 60 years and has installed more than one million antennas to date. The company's new broadband antennas combine 2G/3G and 4G frequency bands on a single antenna and integrated remote electrical tilt functionality for superior performance, efficiency and flexibility, enabling faster installation and improved maintenance.
"The race is on for carriers to roll out their 4G networks as rapidly as possible to meet broadband demand, and the right place to start is upgrading the existing cell sites," said Khurram Sheikh, chief technical officer at Powerwave. "With these new products Powerwave is taking a leadership role in being the comprehensive supplier of the equipment carriers need deploy these networks quickly and economically."
Powerwave's new broadband site solutions are dual band AWS/PCS LTE SIMO overlay combiners, LTE MIMO reconfigurable frequency and bandwidth combiners, LTE700 crossband combiner, diplexer and triplexer WiMAX(TM)/LTE 2600 crossband combiners, universal crossband combiner, micro twin 2600 LTE tower mounted amplifier, twin 800 MHz digital dividend tower mounted amplifier, triple broadband antenna family and dual broadband antenna family.
About Powerwave Technologies
A global leader in end-to-end advanced wireless solutions, Powerwave Technologies, Inc. offers cutting edge wireless infrastructure to address the demands of enterprise and commercial customers. Powerwave offers a comprehensive suite of solutions, including antennas, base station solutions and coverage solutions. Powerwave's product line supports all wireless network protocols and frequencies including next generation networks in 4G technologies such as WiMAX(TM) and LTE(R). Powerwave solutions, products and services also help wireless operators and OEMs reduce capital and operating expenses, speed rollout of services, improve coverage and capacity, and reduce environmental impact. For more information, visit us at www.powerwave.com .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
SOURCE: Powerwave Technologies, Inc.
Powerwave Technologies, Inc.
Investor Inquiries:
Kevin Michaels, 714-466-1608
or
Media Inquiries:
Laura Gibbons, 714-466-1257
[email protected]
Powerwave Debuts Mobile Broadband Site Solutions to...
BARCELONA, Spain, Feb 15, 2011 (BUSINESS WIRE) -- BOOTH 8B109 -- Powerwave Technologies, Inc. (PWAV), a global leader in end-to-end advanced wireless solutions, introduced today a new line of 4G mobile broadband site solutions that work in the "digital dividend" spectrum -- the low-frequency (below 1Ghz) spectrum made available for broadband wireless services thanks to the analog-to-digital television switchover.
These products are part of Powerwave's Inside Out Solutions(TM) network strategy, developed specifically to provide high-capacity throughput wherever and whenever needed.
"Europe is leading the world in the modernization and efficient use of its RF spectrum, the result of which is that it will be well positioned to deliver even better mobile Internet and realize economic and social benefits across the continent," said Khurram Sheikh, Powerwave's chief technical officer. "Powerwave's new digital dividend solutions enable 4G networks to leverage the superior propagation characteristics of the digital dividend spectrum, the amount of potentially available spectrum and wide range of potential uses of that spectrum."
Powerwave digital dividend solutions include digital dividend 800 crossband combiners/diplexers, universal crossband combiners, tower mounted amplifiers (TMAs) and dual and triple broadband antennas.
Digital Dividend Crossband Combiner
This new crossband combiner/diplexer combines low frequency LTE(R) bands with low frequency legacy bands for feedline consolidation. It provides extremely low loss, high isolation, high return loss and high power handling.
Universal Crossband Combiner
The new universal crossband combiner/diplexer offers near-universal low band/high band diplex combining and can be used to combine legacy 2G/3G network with 4G/LTE applications for feedline consolidation applications. The combiner provides extremely low loss, high isolation, high return loss and high power handling.
Twin 800 MHz Digital Dividend Tower Mounted Amplifier
The new twin 800 MHz digital dividend tower mounted low noise amplifiers offer up-link capacity and coverage enhancement for 800 MHz digital dividend deployments. With the improved coverage from this TMA, carriers can minimize the number of sites for nationwide coverage as well as improve up-link capacity to support applications as smartphone video, as well as future services. Powerwave TMAs offer unique field proven reliability with state of the art small size and low weight that minimizes visual impact and tower loading.
Triple Broadband Antenna Family
The three antennas in the new triple broadband antenna family combine 790-960 MHz and 1710-2170 MHz systems into two connectors and still keep the independent variable downtilt capability on both arrays. The integrated diplexer offers feeder sharing at 790-960 MHz and 1710-2170 MHz and enables the operator reusing already existing feeders for fast network upgrade. The independent 2.6 GHz array supports both WiMAX(TM) and LTE 2.6 GHz applications and is directly fed maintaining the maximum amount of energy. This antenna family is compatible with Powerwave's external remote electrical downtilt (RET) modules.
About Powerwave Technologies
A global leader in end-to-end advanced wireless solutions, Powerwave Technologies, Inc. offers cutting edge wireless infrastructure to address the demands of enterprise and commercial customers. Powerwave offers a comprehensive suite of solutions, including antennas, base station solutions and coverage solutions. Powerwave's product line supports all wireless network protocols and frequencies including next generation networks in 4G technologies such as WiMAX(TM) and LTE(R). Powerwave solutions, products and services also help wireless operators and OEMs reduce capital and operating expenses, speed rollout of services, improve coverage and capacity, and reduce environmental impact. For more information, visit us at www.powerwave.com .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
SOURCE: Powerwave Technologies, Inc.
Powerwave Technologies, Inc.
Investor Inquiries:
Kevin Michaels, 714-466-1608
or
Media Inquiries:
Laura Gibbons, 714-466-1257
[email protected]
Powerwave's Breakthrough Internet Commanded Combiner...
BARCELONA, Spain, Feb 15, 2011 (BUSINESS WIRE) -- To help carriers keep up with the evolution to LTE networks, Powerwave Technologies Inc. (PWAV), a global leader in end-to-end advanced wireless solutions, introduced today the iCC Internet Commanded Combiner. This is one of the first filter combiners to enable deployment of LTE(R) services alongside 2G and/or 3G networks, and is also the first solution that allows LTE networks to expand as future demand increases and that also features remote configuration and electronic tuning via the Internet.
The iCC Internet Commanded Combiner facilitates feedline and antenna sharing from two or more 2G, 3G or 4G radio heads or base transceiver systems (BTS). It is a major advancement from conventional filter combiners that have extremely restricted flexibility in adapting filter response because they are either fixed-tuned or manually tuned. This new combiner is part of Powerwave's 4G Inside Out Solutions(TM) strategy, which provides ubiquitous mobile broadband coverage both inside buildings and outdoors in large venues.
"The iCC enables the immediate rollout of profitable LTE services at a fraction of the time and cost of building out new or separate BTS infrastructure for LTE services," said Khurram Sheikh, chief technical officer of Powerwave. "New LTE subscribers can be added while still supporting legacy customers--a win/win for everyone."
The Powerwave iCC Internet Commanded Combiner delivers unprecedented lifetime cost of ownership savings because it is extremely reliable and requires no maintenance or support. It is inherently green and saves energy costs because primary power is used only during tune mode,when frequency and/or bandwidth is being tuned by the user. The sophisticated, multi-section, high selectivity filter combiner offers total flexibility and functionality and retains high accuracy over its full tuning range and environmental operating temperature range. A singular break for Powerwave, the tunable bandwidth filter (1MHz to 20MHz) allows for spectrum and bandwidth management.
Key Features:
No need to "rip and replace" MCPA, antennas and feed lines A simple solution that can be deployed in days rather than months Maximizes utilization of existing spectrum Flexibility to adapt on-the-fly to changing conditions in order to gracefully migrate traffic to LTE services and away from legacy technologies over time
About Powerwave Technologies
A global leader in end-to-end advanced wireless solutions, Powerwave Technologies, Inc. offers cutting edge wireless infrastructure to address the demands of enterprise and commercial customers. Powerwave offers a comprehensive suite of solutions, including antennas, base station solutions and coverage solutions. Powerwave's product line supports all wireless network protocols and frequencies including next generation networks in 4G technologies such as WiMAX(TM) and LTE(R). Powerwave solutions, products and services also help wireless operators and OEMs reduce capital and operating expenses, speed rollout of services, improve coverage and capacity, and reduce environmental impact. For more information, visit us at www.powerwave.com .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
SOURCE: Powerwave Technologies, Inc.
Powerwave Technologies, Inc.
Investor Inquiries:
Kevin Michaels, (714) 466-1608
or
Media Inquiries:
Laura Gibbons, (714) 466-1257
[email protected]
Value here...
and it has broken out.
Doing the right things...in the right spaces...at the right time.
Day's Range: 3.80 - 4.00
52wk Range: 1.14 - 4.15
Volume: 3,350,767
Avg Vol (3m): 2,410,150
Market Cap: 514.29M
P/E (ttm): 127.33
EPS (ttm): 0.03
Div & Yield: N/A (N/A)
Technicals
Last Price Quote is:
3.97%above 13-day EMA
18.31%above 50-day EMA
RS Rating: 96
If You See This, Should You Sell Powerwave Technologies?
February 16, 2011 By Seth Jayson
There's no foolproof way to know the future for Powerwave Technologies (Nasdaq: PWAV) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result. Rest assured: Even if you're not monitoring these metrics, short-sellers are.
A cloudy crystal ball
I often use accounts receivable (AR) and days sales outstanding (DSO) to judge a company's current health and future prospects. It's an important step in separating the pretenders from the market's best stocks. Alone, AR -- the amount of money owed the company -- and DSO -- days worth of sales owed to the company -- don't tell you much. However, by considering the trends in AR and DSO, you can sometimes get a window onto the future.
Sometimes, problems with AR or DSO simply indicate a change in the business (like an acquisition), or lax collections. However, AR that grows more quickly than revenue, or ballooning DSO, can also suggest a desperate company that's trying to boost sales by giving its customers overly generous payment terms. Alternately, it can indicate that the company sprinted to book a load of sales at the end of the quarter, like used-car dealers on the 29th of the month. (Sometimes, companies do both.)
Why might an upstanding firm like Powerwave Technologies do this? For the same reason any other company might: to make the numbers. Investors don't like revenue shortfalls, and employees don't like reporting them to their superiors.
Is Powerwave Technologies sending any potential warning signs? Take a look at the chart below, which plots revenue growth against AR growth, and DSO:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=50088)
The standard way to calculate DSO uses average accounts receivable. I prefer to look at end-of-quarter (EOQ) receivables, but I've plotted both above.
Watching the trends
When that red line (AR growth) crosses above the green line (revenue growth), I know I need to consult the filings. Similarly, a spike in the blue bars (DSO) indicates a trend worth worrying about. As another reality check, it's reasonable to consider what a normal DSO figure might look like in this space.
Differences in business models can generate variations in DSO, so don't consider this the final word -- just a way to add some context to the numbers. But let's get back to our original question: Will Powerwave Technologies miss its numbers in the next quarter or two?
I would not be surprised if there were trouble ahead. For the last fully reported fiscal quarter, Powerwave Technologies's year-over-year revenue grew 23.2%, and its AR grew 30.8%. That looks OK. End-of-quarter DSO decreased 1.4% from the prior-year quarter. It was up 6.8% versus the prior quarter. Still, I'm no fortuneteller, and these are just numbers. Investors putting their money on the line always need to dig into the filings for the root causes and draw their own conclusions.
What now?
I use this kind of analysis to figure out which investments I need to watch more closely as I hunt the market's best returns. However, some investors actively seek out companies on the wrong side of AR trends in order to sell them short, profiting when they eventually fall. Which way would you play this one? Let us know in the comments below, or keep up with the stocks mentioned in this article by tracking them in our free watchlist service, My Watchlist.
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Powerwave Technologies Shares Popped:
What You Need to Know...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of wireless networking hardware maker Powerwave Technologies (Nasdaq: PWAV) are getting a strong signal today, trading as much as 13.6% higher on rather ordinary volume.
So what: Powerwave has no news to support this move, no earnings report, no analyst rating changes, nor even any significant news from its very limited range of direct rivals. It's just one of those inexplicable moves.
Now what: I'm even hesitant to point to some large buyer taking or expanding a position in Powerwave, because the volume is so low and options trading nearly zero today. Maybe the company was mentioned in a positive light on CNBC or Bloomberg TV, but that idea is difficult to confirm or disprove. What you really need to know is that the stock has more than tripled over the last year, but Powerwave's financial statements are far from soothing bedtime reading. Is this stock setting itself up for a fall?
Bounced of the 50-Day MA...
Day's Range: 3.40 - 3.82
52wk Range: 1.14 - 4.15
Volume: 4,178,889
Avg Vol (3m): 2,631,820
Market Cap: 641.68M
P/E (ttm): 126.67
EPS (ttm): 0.03
Div & Yield: N/A (N/A)
Technicals
Close Above the 13-day EMA
Percentage Gainer
Last Price Quote is:
5.22%above 13-day EMA
15.03%above 50-day EMA
RS Rating: 95
Powerwave Technologies Showcases Cutting-Edge 4G Inside...
by Business Wire Mar 21 2011 6:00AM
ORLANDO, Fla., Mar 21, 2011 (BUSINESS WIRE) -- Powerwave Technologies Inc. (PWAV) will showcase its cutting-edge new 4G network infrastructure products at International CTIA Wireless 2011 next week. The show runs from March 22-24 in Orlando, FL, at the Orange County Convention Center.
Powerwave's lineup of new products is lead by the Powerwave Picocell and Active Array Antenna, both of which are finalists for a CTIA E-Tech Award. In addition, Powerwave will be showing its new iCC Internet Commanded Combiner and a complete line of RF broadband site solutions for fast and economic deployment of 4G networks that includes signal combiners, signal amplifiers and broadband antennas.
"The technology story of the year is 4G networks, and the competition is intense for carriers to roll out services to customers as quickly as possible," said Ronald J. Buschur, president and CEO at Powerwave. "The fastest and most economical way to do this is by upgrading existing cell sites with equipment that can support both legacy 2G/3G while transitioning to 4G. Powerwave is taking a leadership role in delivering the products carriers need right now and into the future."
The iCC Internet Commanded Combiner facilitates feed line and antenna sharing from two or more 2G, 3G or 4G radio heads or base transceiver systems (BTS). Because it can be tuned remotely, it is a major advancement from conventional filter combiners that have extremely restricted flexibility in adapting filter response because they are either fixed-tuned or manually tuned. The iCC enables the immediate rollout of profitable LTE services at a fraction of the time and cost of building out new or separate BTS infrastructure for LTE services.
Powerwave's tower mounted amplifiers boost capacity and coverage for 2G/3G and LTE deployments. They combine field-proven reliability with state-of-the-art small size that minimizes tower load and visual impact. With the improved coverage from these TMAs, carriers can cut the number of sites needed for nationwide coverage.
Powerwave, an industry veteran in antenna design innovation with over a million antennas deployed worldwide, will be displaying the company's new dual and triple broadband antenna products that combine 2G/3G and 4G frequency bands on a single antenna with integrated remote electrical tilt functionality for superior performance, efficiency and flexibility. The company is also showcasing broadband site solutions including dual-band AWS/PCS LTE SIMO overlay combiners, LTE MIMO reconfigurable frequency and bandwidth combiners, an LTE700 crossband combiner, diplexer and triplexer, WiMAX/LTE 2600 crossband combiners, a universal crossband combiner and a micro twin 2600 LTE tower mounted amplifier.
Visit Powerwave at International CTIA Wireless 2011 from March 22-24 in Orlando, Florida at Booth #2459 for complete information and demos of the company's latest 4G infrastructure offerings.
About Powerwave Technologies
A global leader in advanced wireless solutions, Powerwave Technologies, Inc. offers cutting edge wireless infrastructure to address the demands of enterprise and commercial customers. Powerwave offers a comprehensive suite of solutions, including antennas, base station solutions and coverage solutions. Powerwave's product line supports all wireless network protocols and frequencies including next generation networks in 4G technologies such as WiMAX(TM) and LTE(R). Powerwave solutions, products and services also help wireless operators and OEMs reduce capital and operating expenses, speed rollout of services, improve coverage and capacity, and reduce environmental impact. For more information, visit us at www.powerwave.com .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
SOURCE: Powerwave Technologies, Inc.
Powerwave Technologies, Inc.
Investor Inquiries:
Kevin Michaels, 714-466-1608
Media Inquiries:
Laura Gibbons, 714-466-1257
[email protected]
Telecom Industry Veteran Richard Burns Joins Powerwave...
by Business Wire Mar 21 2011 6:00AM
SANTA ANA, Calif., Mar 21, 2011 (BUSINESS WIRE) -- Powerwave Technologies, a global leader in advanced wireless solutions, today announced the appointment of Richard Burns, a wireless telecommunications industry veteran with 34 years of experience, to its board of directors.
Mr. Burns currently serves as a senior advisor worldwide for McKinsey & Co. a global management consulting firm for the world's leading businesses, governments, and institutions. Prior to that, he was president of network services for AT&T's mobility division, where he oversaw all phases of wireless network engineering, construction, operations and maintenance across the company's digital wireless voice and data network serving more than 70 million customers. In addition, he was responsible for managing and strategically deploying AT&T's 3G mobile broadband network and other network initiatives. Before AT&T, Mr. Burns was chief integration officer for BellSouth's broadband operation and was responsible for the company's overall business transformation effort.
"During his career, Richard has overseen significant wireless networking transitions, which makes him an excellent choice for Powerwave as we help our carrier customers move to 4G and small cell networks," said Ronald J. Buschur, president and CEO of Powerwave. "Richard's impressive experience and long-term industry relationships will serve our company well as we seek to expand our market leadership position."
"I'm pleased to have the opportunity to serve on Powerwave's board to provide direction on the company's future," Burns said. "Powerwave is on the cutting edge of the wireless broadband revolution. It's an exciting time for the industry in general and Powerwave in particular and I look forward to helping the company stay ahead of the curve."
About Powerwave Technologies
A global leader in advanced wireless solutions, Powerwave Technologies, Inc. offers cutting edge wireless infrastructure to address the demands of enterprise and commercial customers. Powerwave offers a comprehensive suite of solutions, including antennas, base station solutions and coverage solutions. Powerwave's product line supports all wireless network protocols and frequencies including next generation networks in 4G technologies such as WiMAX(TM) and LTE(R). Powerwave solutions, products and services also help wireless operators and OEMs reduce capital and operating expenses, speed rollout of services, improve coverage and capacity, and reduce environmental impact. For more information, visit us at www.powerwave.com .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc.
SOURCE: Powerwave Technologies, Inc.
Powerwave Technologies, Inc.
Investor Inquiries:
Kevin Michaels, 714-466-1608
Media Inquiries:
Laura Gibbons, 714-466-1257
[email protected]
Powerwave Debuts New Active Array Antenna and Remote...
by Business Wire Mar 22 2011 6:00AM
ORLANDO, Fla., Mar 22, 2011 (BUSINESS WIRE) -- Powerwave Technologies Inc. (PWAV), a global leader in advanced wireless solutions, introduced today the new Powerwave Active Array Antenna and Powerwave Remote Radio Head with 65MHz of instantaneous bandwidth to help carriers build 4G networks with the maximum range and frequency flexibility possible.
The Active Array Antenna and 65MHz Remote Radio Head (RRH) both make their North American debut at CTIA WIRELESS 2011 (March 22-24 in Orlando, FL) at booth #2459. They are key additions to Powerwave's Inside Out Solutions(TM) network strategy, which is designed to provide ubiquitous mobile broadband coverage both inside buildings and outdoors in large venues.
"The exploding demand for mobile Internet is driving carriers to rethink everything from revenue models to rebuilding their networks to get to 4G," said Khurram Sheikh, chief technical officer at Powerwave. "These new products were designed to help carriers evolve to 4G in a way the addresses this new paradigm. From the expanded range and decreased power draw of the Active Array Antenna to the instantaneous re-tuning of the 65MHz RRH, carriers now have more flexibility and lower operations costs than before."
Active Array Antenna
The Active Array Antenna combines Powerwave's award-winning remote radio head and antenna technologies into a single integrated design with a 3dB - 5dB link budget that increases a basestation's coverage radius by 100 percent over non-integrated antennas. The integrated design also reduces power consumption by 40 percent, making the antenna a much more cost-effective alternative. The antenna's compact design has the same height, width and front windloading as a conventional antenna, enabling like-for-like swapping of existing tower infrastructure.
The Active Array Antenna is a total RF solution integrated into a single radome containing all the subsystems necessary to deploy the complete 3G or 4G RF subsystem up the tower in frequency bands from 700 MHz to 2.7 GHz. These include wideband world radio transceiver, power amplifier with advanced DPD and CFR algorithms, integrated filter and duplexer, low noise amplifier (LNA) and cross-polarized antenna with the greatest gain per unit length. The antenna supports a wide variety of protocols, including CDMA, WCDMA, HSPA+, WiMAX(TM) and LTE(R).
Remote Radio Head with 65MHz Instantaneous Bandwidth
The instantaneous bandwidth capability of the 65MHz RRH eliminates the need to either tune the product or deploy multiple radio heads to cover different frequency bands. This gives wireless operators the flexibility to deploy a single radio head and configure it via software for a variety of carrier configurations and technologies without having to physically revisit the cell site.
Designed for 3G or 4G networks operating in 700 MHz to 2700 MHz bands, the 65MHz RRH's integrated software-defined radio allows for simultaneous operation of independent protocols, providing seamless migration of legacy 3G networks to LTE. The small and lightweight form factor coupled with a fiber fed structure enables rapid installation and remote management. The 65MHz RRH can be tower or rooftop mounted, supporting an extensive combination of carrier configurations.
The 65MHz RRH provides wideband multiple-input multiple-output (MIMO) multi-mode capability with power levels ranging from 10W through 50W per transmit path in combinations of 2T2R, 2T4R and 4T4R. It is capable of supporting virtually endless combinations of HSDPA, EV-DO, WiMAX(TM), and LTE air interfaces simultaneously.
About Powerwave Technologies
A global leader in advanced wireless solutions, Powerwave Technologies, Inc. offers cutting edge wireless infrastructure to address the demands of enterprise and commercial customers. Powerwave offers a comprehensive suite of solutions, including antennas, base station solutions and coverage solutions. Powerwave's product line supports all wireless network protocols and frequencies including next generation networks in 4G technologies such as WiMAX(TM) and LTE(R). Powerwave solutions, products and services also help wireless operators and OEMs reduce capital and operating expenses, speed rollout of services, improve coverage and capacity, and reduce environmental impact. For more information, visit us at www.powerwave.com .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies, Inc. LTE is a registered trademark of the European Telecommunications Standards Institute. Other trademarks referenced are the property of their respective owners.
SOURCE: Powerwave Technologies, Inc.
Powerwave Technologies, Inc.
Investor Inquiries:
Kevin Michaels, 714-466-1608
Media Inquiries:
Laura Gibbons, 714-466-1257
[email protected]
Powerwave Technologies Showcases Public Safety Solutions...
by Business Wire Mar 22 2011 6:00AM
ORLANDO, Fla., Mar 22, 2011 (BUSINESS WIRE) -- Powerwave Technologies Inc. (PWAV) will highlight at International CTIA Wireless 2011 this week the unique wireless capabilities of its RapidFlex(TM) Mobile Deployment Unit (RMDU) and Nexus(TM) Repeaters that benefit government public safety applications. The show runs from March 22-24 in Orlando, FL, at the Orange County Convention Center.
"Powerwave's expertise and advanced solutions in the commercial wireless space uniquely enable us to leverage those solutions for government use in public safety and surveillance applications," said Jake MacLeod, VP of Powerwave's Government Business Solutions Unit. "Our RMDU and Nexus repeaters are optimized for the latest 4G technologies, so they provide the capacity and coverage needed to ensure reliable communications for these very important government operations."
Powerwave will be displaying important new government wireless capabilities that leverage its award-winning RMDU for remote surveillance camera and intelligence management applications. The RMDU is an integrated mobile communication basestation with telescoping antenna tower that can be deployed rapidly in remote locations or areas of congestion to create instant wireless bandwidth. The RMDU has been used in emergency and disaster communications, mobile data and command centers, satellite communications backhaul and ship-to-shore communications.
In addition, Powerwave is announcing the general availability of its new family of wideband Nexus FT-MIMO repeaters that support the North American 700 MHz commercial and AWR frequency bands for LTE(R) applications. These repeaters enable cost-effective application in indoor environments such as subways, airports, office buildings, shopping malls, stadiums and other large venues where reliable coverage is essential for public safety communications and operations. Powerwave's Nexus FT repeaters feature a modular, robust and easy-to-install design, support for multi-carrier and multi-band operation, and offer high capacity and long-reach fiber optic distribution. This enables deployment up to 15 miles (25km) from an existing base station hotel, extending the coverage area of that base station and eliminating the need to install additional macro cell sites to cover larger geographic regions.
Visit Powerwave at International CTIA Wireless 2011 from March 22-24 in Orlando, Florida at Booth #2459 for complete information and demos of the company's latest 4G infrastructure offerings.
About Powerwave Technologies
Powerwave Technologies is the right choice for providing mission-critical secured wireless networks for government, military, homeland security and public safety agencies. The company is an innovative leader in next-generation wireless networks solutions that are rugged, flexible, scalable, and highly reliable with superior quality performance. Powerwave's solutions and services can help public agencies and governments reduce their capital and operating expenses, speed rollout of services, improve coverage and capacity and reduce environmental impact. Powerwave's products and solutions include distributed antenna systems (DAS), private secure mobile networks, rapid, flexible deployment of wireless networks, advanced signal filtering solutions and a full range of secure above- or below-ground controlled environment vaults. For more information, visit http://www.powerwave.com/government-solutions.asp .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies Inc.
SOURCE: Powerwave Technologies Inc.
Powerwave Technologies Inc.
Investor Inquiries:
Kevin Michaels, 714-466-1608
or
Media Inquiries:
Laura Gibbons, 714-466-1257
[email protected]
New Powerwave Indoor Picocell Combines Broadband LTE(R)...
by Business Wire Mar 22 2011 6:00AM
ORLANDO, Fla., Mar 22, 2011 (BUSINESS WIRE) -- Powerwave Technologies Inc. (PWAV), a global leader in advanced wireless solutions, today announced a new LTE Picocell for indoor applications that offers a form factor and signal power levels that are optimized for office buildings, shopping centers and indoor venues.
The new indoor Picocell will debut at CTIA WIRELESS 2011 (March 22-24 in Orlando, FL) at booth #2459. It is a key addition to Powerwave's Inside Out Solutions(TM) network strategy, which is designed to provide ubiquitous mobile broadband coverage both inside buildings and outdoors in large venues.
Today's announcement expands the Powerwave Picocell family, which includes an outdoor picocell that was first introduced in February. Both models are among the highest capacity picocells, supporting up to 100 active outdoor users and 32 active indoor users, and up to 1,000 registered users. They support all 4G frequency bands in the 700MHz to 2.7 GHz range and feature a 2x2 MIMO antenna for additional capacity. They also feature an optional concurrent dual-band 2.4GHz and 5.8GHz 802.11a/b/g/n Wi-Fi radio that makes them a single system for all carrier and enterprise wireless needs.
"The powerful indoor Picocell enables wireless operators to inject broadband capacity closer to where their customers need it most, and increasingly that's inside buildings," said Khurram Sheikh, chief technical officer of Powerwave. "Combined with other products in our new 4G infrastructure line, this Picocell dramatically boosts data throughput providing an enhanced experience no matter where the user is located."
The new Picocell provides the reliable coverage and capacity needed for hotels and resorts, university and business campuses, travel venues such as airports and subways, large sports venues and hospitals and other healthcare facilities. The inconspicuous, attractive design is perfect for indoor applications, consumes less power and is even easier to install.
Key features of the indoor Powerwave Picocell include:
-- Small, lightweight, elegant form factor that are minimally invasive on the environment and enable fast and smooth deployment in challenging indoor locations
-- All-in-one design includes antennas, filters, RF, baseband and control
-- 3GPP Release 8 compliant
-- Powerwave world radio transceiver supporting all 4G frequency bands from 700MHz to 2.7GHz
-- Increased aggregate data throughput of nearly 100 Mbps and user-plane latency of less than five milliseconds
-- Self optimized network (SON), remote provisioning, optimization, monitoring and maintenance capabilities to reduce total cost of ownership
-- Five times less UL transmit power for connected devices, which extends battery life and reduces cost for both wireless operators and end users
About Powerwave Technologies
A global leader in advanced wireless solutions, Powerwave Technologies Inc. offers cutting edge wireless infrastructure to address the demands of enterprise and commercial customers. Powerwave offers a comprehensive suite of solutions, including antennas, base station solutions and coverage solutions. Powerwave's product line supports all wireless network protocols and frequencies including next generation networks in 4G technologies such as WiMAX(TM) and LTE(R). Powerwave solutions, products and services also help wireless operators and OEMs reduce capital and operating expenses, speed rollout of services, improve coverage and capacity, and reduce environmental impact. For more information, visit us at www.powerwave.com .
Powerwave, Powerwave Technologies and the Powerwave logo are registered trademarks of Powerwave Technologies Inc. LTE is a registered trademark of the European Telecommunications Standards Institute. Other trademarks referenced are the property of their respective owners.
SOURCE: Powerwave Technologies Inc.
Powerwave Technologies Inc.
Investor Inquiries:
Kevin Michaels, 714-466-1608
or
Media Inquiries:
Laura Gibbons, 714-466-1257
[email protected]
Business Overview...
BRIEF: For the fiscal year ended 2 January 2011, Powerwave Technologies, Inc.'s revenues increased 4% to $591.5M. Net income from continuing operations totaled $3.7M, vs. a loss of $5.7M. Revenues reflect an increase in sales from America and Europe. Net income reflects lower cost of goods, the absence of intangible amortization expenses, an increase in gross profit and decreased sales & marketing expenses. http://www.powerwave.com/index.asp
Chart looks well !
A Breakout Stock Trending Higher !
Strong Uptrend...
A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
A global supplier of end-to-end wireless solutions for wireless communications networks. This stock is off to a blazing start in 2011, with shares up around 83%. That's already a huge gain, and if the recent breakout can hold, then we could see much higher prices ahead.
Some of the interest in this stock of late is due to the company's showcase of its 4G network infrastructure products at the CTIA tradeshow. Now that AT&T and T-Mobile have proposed a merger, wireless equipment providers such as PWAV are also looking more attractive as takeover plays.
If you take a look at the chart for Powerwave, you'll see that the stock has started to break out above some past overhead resistance at around $4 to $4.15 a share. This breakout is occurring on some big volume. During the last three trading sessions (all up days), volume of 7.4 million, 5.9 million and 7.6 million shares have changed hands vs. the three-month average trading volume of 2.9 million shares.
This breakout is also coming as the stock moves out of a well-defined trading range. For the past couple of months, PWAV has traded in a range of $3.20 to around $4 a share. Whenever a stock moves out of a trading range on heavy volume, it can often mean that it's setting up to trend significantly higher. If this stock can manage to trade above the next notable resistance level at $5 a share, then it could easily begin a march towards $7 to $8 a share or possibly even higher.
This is also a very speculative stock, so please manage your risk accordingly and use tight stops in case the breakout fails and you can cut your losses quickly.
It's worth noting that this stock has a reasonable short interest. As of Mar. 15, the short interest as a percentage of the float stands at around 5.6%. The bears in PWAV have also increased their bets by 29.6% to a total of 9.4 million shares sold short from the last reporting period. This reasonable short position could fuel more short covering the near future if the stock can continue to uptrend.
PWAV...Strong Uptrend !