PWAV - Powerwave Technologies Inc - Page 6

PWAV has been making some noise as of late up almost 30%.I wonder what is going on with this stock?

solid close today here.

http://www.hotstockmarket.com/forums...ad.php?t=76660

What's up with PWAV volume up quite a bit. Couldn't find any news.

about to break out

tomorrow it's going to tank, the low volume, RSI and the hanging man are confirming to us bearish signals.

PWAV- up to $2.10 i wonder how much more this stock has in it..???

Might try to make a move if we get around the 50 day line.

Buying This stock at 1.87 and selling at 2.50's.

Good luck to all.

somebody pay attention here.

Surprised nobody has posted on PWAV this week. Up from 2.50 Friday to a 2.99 close today.

Also found this on a stock screener scan when it was in the low 3's and have had it on my watch list since -- kicking myself everytime it moves up! GL to all.

Guess it was a good idea not to get in.... back down to 3.

Powerwave Technologies Inc. (PWAV)

 

Business Summary

Powerwave Technologies, Inc. engages in the design, manufacture, marketing, and sale of wireless solutions for wireless communications networks worldwide. The company offers antennas, boosters, combiners, cabinets, shelters, filters, radio frequency power amplifiers, remote radio head transceivers, repeaters, tower-mounted amplifiers, and advanced coverage solutions for use in frequency bands, including cellular, PCS, 3G, and 4G wireless communications networks. It sells its products through its direct sales force, independent sales representatives, and resellers to wireless original equipment manufacturers and individual wireless network operators. The company was formerly known as Milcom International, Inc. and changed its name to Powerwave Technologies, Inc. in June 1996. Powerwave Technologies, Inc. was founded in 1985 and is based in Santa Ana, California.

way oversold at .76pps. from bad Q yesterday--jmho--radar it

time to load at .80--sold way off on bad Q--jmho--g/l

this happens the next 3 days-maybe some news from it-  http://finance.yahoo.com/news/Powerwave-Technologies-to-bw-1046483400.html?x=0&.v=1

Powerwave Technologies Reports 4Q Results
2 days 11 hours 55 minutes ago - Close-Up Media via Comtex
Powerwave Technologies, a supplier of wireless solutions for wireless communications networks, reported preliminary results for its fourth quarter ended Jan. 1.

In a release dated Feb. 14, the Company said net sales in the fourth quarter of fiscal 2011 were $60.1 million, compared with $175.6 million in the fourth quarter of fiscal 2010. Powerwave also reported a fourth quarter GAAP net loss of $42.6 million, which includes $1.6 million of non-cash equity based compensation expense and $1.3 million of non-cash debt discount amortization and interest accretion, and $4.7 million of restructuring charges.

For the fourth quarter of 2011, the net loss equates to a basic and diluted loss per share of $1.34. (Please note that the loss per share amount reflects the impact of the 1-for-5 reverse stock split of Powerwave's outstanding common stock which was effective as of Oct. 28, 2011.) This compares with net income of $6.4 million, or diluted earnings per share of 19 cents in the prior year period. For the fourth quarter of fiscal 2011, excluding the debt discount amortization, interest accretion, and the non-cash equity based compensation expenses and restructuring charges, on a pro forma basis, Powerwave would have reported a net loss of $30.0 million, or basic and diluted loss per share of 95 cents.

For fiscal 2011, total revenue was $444.4 million compared with $591.5 million for fiscal 2010. Powerwave reported a total net loss for the fiscal 2011 of $77.6 million, or a basic and diluted loss per share of $2.36, compared with net income of $3.7 million, or diluted earnings per share of 14 cents for fiscal 2010. The results for fiscal 2011 include a total of $7.4 million of non-cash equity based compensation expenses and $4.9 million of non-cash debt discount amortization, interest accretion and a net loss on the repurchase of outstanding debt and $4.9 million of restructuring charges, and the results for the fiscal 2010 included $3.8 million of restructuring and impairment charges, $3.3 million of non-cash equity based compensation expenses and $4.7 million of non-cash debt discount amortization net of a gain on the exchange of outstanding long-term debt.

"Our fourth quarter revenues continued to be impacted by several factors, which included significant slowdowns in several of our markets, including North and South America, Western and Eastern Europe and the Middle East, as well as our original equipment manufacturing customers," said Ronald Buschur, president and chief executive officer of Powerwave Technologies. "From a global perspective, we believe that the current economic environment has continued to cause operators to reduce or postpone their spending plans for the near term while they evaluate the macro-economic pressures in each individual market. In addition to the pressures we are encountering in the commercial markets that we compete in, for the fourth quarter of 2011 our efforts to generate sales to government customers were negatively impacted due to the US government's budget impasse that was not resolved until the end of the quarter, too late to impact revenue for the quarter. While near term visibility remains difficult in our markets, we continue to believe that the long-term demand for improvements in wireless infrastructure remain strong, as global demand for data continues and certain wireless network operators continue to promote their plans to improve existing coverage and add additional capacity, in the form of 4G capabilities, to wireless networks across the globe. During the fourth quarter, we began implementing restructuring plans to reduce both our manufacturing costs and operating expenses. For the fourth quarter, we were able to reduce the amount of cash used in operating activities by over $14 million from approximately $26 million in the third quarter of 2011 to approximately $12 million in the fourth quarter of 2011. We remain focused on improving this important metric during 2012.

"With the continued near term weakness in demand that we experienced in the fourth quarter, we have decided to take additional actions to significantly resize the Company in order to significantly reduce our breakeven targets and restructure the Company so that it will be positioned to generate future profits on a lower revenue base. At the same time, we believe that this will enable us to conserve cash while we restructure the Company and reposition Powerwave to be a stronger competitor in the various markets that we compete in. We are currently finalizing our new restructuring plan in order to take the steps we believe necessary to position Powerwave for long-term success."

Summary of Significant Items Impacting the Fourth Quarter

During the fourth quarter of 2011, we incurred approximately $1.6 million of non-cash equity based compensation expense, as well as $1.3 million of non-cash debt discount amortization and interest accretion expense, primarily associated with our 2.75 percent Convertible Senior Subordinated Notes due 2041. During the fourth quarter, we also retired $11.2 million of our 1.875 percent Convertible Subordinated Notes due 2024. On Oct. 21, 2011, we completed the sale and leaseback of our corporate headquarters facility located in Santa Ana, California. We received net proceeds from the transaction of $49.1 million and entered into a 15-year lease of the facility.

The following is a brief summary of the significant items impacting the comparability of per share amounts for the three months ended Jan. 1, and Jan. 2, 2011. To calculate the per share impact of these significant items, an underlying effective tax rate of zero percent was used for both periods and the fully diluted shares outstanding for each respective period were used.

Fourth Quarter 2011 Revenue Summary

In the fourth quarter of 2011, total Americas revenue was $27.6 million or approximately 46 percent of revenue, compared with $64.9 million or approximately 37 percent of revenue in the fourth quarter of 2010. Total sales to customers based in the Asia Pacific region accounted for approximately 29 percent of revenue or $17.5 million in the fourth quarter of 2011, compared with 34 percent of revenue or $59.6 million in the fourth quarter of 2010. Total Europe, Africa and Middle East revenue in the fourth quarter of 2011 was $15.0 million or approximately 25 percent of revenue, compared with $51.1 million or approximately 29 percent of revenue in the fourth quarter of 2010.

Sales of products within the antenna systems group totaled $24.7 million or 41 percent of total revenue, sales of products in the base station systems group totaled $20.5 million or 34 percent of revenue and revenue from the coverage solutions group totaled $14.9 million or 25 percent of revenue in the fourth quarter of 2011.

In the fourth quarter of 2011, Powerwave's largest customers included AT&T and Samsung, which accounted for approximately 19 percent and 15 percent of revenue, respectively. In terms of customer profile, total OEM sales accounted for approximately 31 percent of total revenue, and total direct and operator sales accounted for approximately 69 percent of revenue.

In terms of transmission standards, 2G and 2.5G standards accounted for approximately 41 percent of total revenue, 3G standards accounted for approximately 30 percent of total revenue and 4G standards accounted for approximately 29 percent of total revenue during the fourth quarter of 2011.

Balance Sheet

At Jan. 1, Powerwave had total cash and cash equivalents of $70.3 million, which includes restricted cash of $6.2 million. Total net inventories were $88.6 million, and net accounts receivable were $96.8 million.

Powerwave Technologies is a supplier of wireless solutions for wireless communications networks

Powerwave Sites Global Economic Pressures Behind Earnings Losses
4 days 53 minutes ago - Investrend via Comtex
February 15, 2012 (FinancialWire) -- Wireless solutions company Powerwave Technologies Inc. (NASDAQ: PWAV) (approx. market cap. US$ 44.7 mil.) reported financial results for its fiscal 2012 fourth quarter, ended January 1, 2012.

Reported net loss equated to a basic and diluted loss per share of -$1.34. The company noted that the loss per share amount reflects the impact of the 1-for-5 reverse stock split of Powerwave's outstanding common stock which was effective as of October 28, 2011. Those figures compare with net income of $6.4 million, or diluted earnings per share of $0.19, in the prior year period.

Consensus earnings estimates prior to reporting had been that Powerwave would post a per-share loss of -$0.61.

Reported net sales for the quarter were $60.1 million, compared with $175.6 million in same quarter of fiscal 2010. Powerwave also reported a fourth quarter GAAP net loss of -$42.6 million, which included $1.6 million of non-cash equity based compensation expense and $1.3 million of non-cash debt discount amortization and interest accretion, as well as $4.7 million of restructuring charges, the company said.

Excluding debt discount amortization, interest accretion and non-cash equity based compensation expenses and restructuring charges, on a pro forma basis, Powerwave would have reported a net loss of -$30.0 million, or a basic and diluted loss of -$0.95 per share.

Powerwave president and CEO Ronald Buschur commented, "Our fourth quarter revenues continued to be impacted by several factors, which included significant slowdowns in several of our markets, including North and South America, Western and Eastern Europe and the Middle East, as well as our original equipment manufacturing customers. From a global perspective, we believe that the current economic environment has continued to cause operators to reduce or postpone their spending plans for the near term while they evaluate the macro-economic pressures in each individual market. In addition to the pressures we are encountering in the commercial markets that we compete in, for the fourth quarter of 2011 our efforts to generate sales to government customers were negatively impacted due to the US government's budget impasse that was not resolved until the end of the quarter, too late to impact revenue for the quarter.

"While near term visibility remains difficult in our markets," continued Buschur, "we continue to believe that the long-term demand for improvements in wireless infrastructure remain strong, as global demand for data continues and certain wireless network operators continue to promote their plans to improve existing coverage and add additional capacity, in the form of 4G capabilities, to wireless networks across the globe. During the fourth quarter, we began implementing restructuring plans to reduce both our manufacturing costs and operating expenses.

For the fourth quarter, we were able to reduce the amount of cash used in operating activities by over $14 million from approximately $26 million in the third quarter of 2011 to approximately $12 million in the fourth quarter of 2011. We remain focused on improving this important metric during 2012," Buschur added.

At January 1, 2012, Powerwave had total cash and cash equivalents of $70.3 million, which includes restricted cash of $6.2 million. Total net inventories were $88.6 million, and net accounts receivable were $96.8 million.

Powerwave Technologies engages in the design, manufacture, marketing and sale of wireless solutions for wireless communications networks worldwide. It was formerly known as Milcom International Inc. and changed its name in June 1996. The company was founded in 1985 and is based in Santa Ana, California.

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Powerwave Technologies Inc. (NASDAQ: PWAV)