Seeking Alpha

DragonWave takes off after announcing Chinese partnership

  • DragonWave (DRWI +19%) has struck a reseller/distribution agreement with Chinese wireless infrastructure provider Xi'an Potevio. (PR)
  • Xi'an has already nade deliveries of DragonWave's Horizon Compact wireless transmission system to "a leading mobile services provider" in China, and plans to "expand its marketing" of DragonWave's Horizon and Harmony radio systems within the country.
  • The news comes shortly after DragonWave reported mixed FQ3 results, while promising margin and cash flow improvement in the coming quarters.
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Comments (1)
  • User 12642731
    , contributor
    Comment (1) | Send Message
     
    This is great news for DRWI. They are a good company with a very bright future. If you have been sitting on the fence now is the time to get in!!!
    15 Jan 2014, 06:18 PM Reply Like
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