Powerwave Customers Resuming Spending?

Morgan Joseph is out with an interesting call on Powerwave (NASDAQ:PWAV) saying their checks through the fourth quarter lead them to believe that Powerwave's chief customers have resumed spending.

Firm notes they have credible evidence suggesting that AT&T (T) is again spending on improving the functionality of its wireless network, which they believe should directly benefit Powerwave.

Network spending at AT&T has been in a drought since the early part of 2007 when AT&T assumed full control of Cingular. Upon consolidating ownership of the wireless group, management entered a capital expenditure hiatus while making the effort to evaluate the network's condition. Checks indicate that the spending spigot is again open.

Although more difficult to quantify, they believe Nokia Siemens (NOK) has seen good business through the quarter as well. NOK has relied on Powerwave for core wireless network components.

At $4.50 Morgan Joseph thinks PWAV stock is left for the dead. Rates Buy.

Notablecalls: MJ's Kevin Dede has done some surprising checks! If AT&T is back spending, that's certainly good news not only for PWAV but for a host of other telco equipment names.

While I think Morgan Joseph isn't exactly the name that moves stocks, the call is good enough to move PWAV this time.

Comments

[A Christian]

HINDU fundamentalists sets 13 Christian Churches on fire on Christmas Day in India

www.asianews.it/index....

[Jordan Fogal]

Consumers have lost faith in the system and our government.
Their Seventh Amendment has been repealed. They have no rights and no one is looking out for them Big business and big money rule.
So how did Americans lose the right to trial by jury? In purchasing the modern world's necessities, from a credit card to a cell phone and even nursing home services, or accepting a new job, few Americans realize that they have signed away a crucial right. Tucked deep into lengthy contracts written in fine print are clauses dictating that any disagreements be resolved by arbitration, a judicial process in which an arbitrator issues a binding decision without ever having to make its reasoning public. An employee disputing poor working conditions or a nursing home resident alleging medical negligence might never know why their claims against a company were denied. Worse, since the arbitration firms have an interest in maintaining good relationships with the corporations that are their steady customers, it's little surprise that 98.4% of arbitration decisions by the top 10 arbitration firms are made in favor of companies--and against consumers, employees, and patients. The Arbitration Fairness Act, proposed this year in the United States Senate by Senator Russell Feingold (D-WI), protects against clandestine decision-making and corporate favoritism by invalidating pre-dispute BMA "agreements" between parties of unequal bargaining power. For safeguarding the right to trial by jury, where a body of law protects the rights of producer, consumer, employer, and employee alike, the AFA is one of the best policies of 2007.

Bad builders get away scot free and the consumer... be it Tom Hanks or Sandra Bullock or one of us ordinary folks it is just wrong.

Please google my name for more information. Jordan Fogal.

[borisb]

Powerwave's stock has performed so badly managment needs to try something new! atleast the president did buy some shares, but what else are they doing??