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Powerwave Technologies (PWAV -76.1%) files for bankruptcy protection after losing money in four...

Powerwave Technologies (PWAV -76.1%) files for bankruptcy protection after losing money in four of the past five years. The maker of antennas and amplifiers for wireless communications lists debt of $396M and assets of $213M in its Chapter 11 filing.
Comments (2)
  • Milhouse
    , contributor
    Comments (412) | Send Message
     
    May, 2007 Smart money magazine picked PWAV as one of the "The Ten Stocks For The Next Ten Years".

     

    If I had a subscription, I would consider cancelling it.
    28 Jan 2013, 11:10 AM Reply Like
  • robbin505
    , contributor
    Comments (8) | Send Message
     
    I was really hoping that PWAV could hold out longer. I thought that it would be able to catch a break on the new networks and the growing networks around the world. MSPD was in sort of the same situation and they were able to pull through. That's too bad, I really thought it had bottomed out and would see growth this year.
    28 Jan 2013, 11:56 AM Reply Like
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