DragonWave (DRWI -17.3%) is crashing for the second day in a row after announcing a big FQ4 warning. Shares are now down 40% from Friday's close, and the company sports a market cap of just $55M. With huge losses forecast even prior to the warning, the Street appears to be questioning the company's ability to survive. DragonWave had $36.4M in cash/equivalents as of Nov. 30, and $15M in debt.
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