More on DragonWave's FQ2: Chairman Gerry Spencer is stepping down, citing "family reasons," and...

|About: DragonWave Inc. (DRWI)|By:, SA News Editor

More on DragonWave's FQ2: Chairman Gerry Spencer is stepping down, citing "family reasons," and will be replaced by director Claude Haw. DragonWave expects FQ3 revenue of $43M-$50M, in-line with a $48.7M consensus. Thanks to the acquisition of Nokia Siemens' wireless backhaul business (closed on June 1), FQ2 gross margin was 21% (excluding an inventory charge), down from 32% in FQ1 and 42% in the year-ago period. CC at 8:30AM ET tomorrow (webcast). DRWI +5.5% AH. (PR)