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Prospector
Profile
07.1256
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| Powerwave Technologies, Inc. |
NAICS |
334210 |
| 1801 E St Andrew Place
Santa Ana, CA 92705 |
Description |
Telecom Equipment Mfg. |
| (714) 466-1000 |
Employees |
4223 |
| http://www.powerwave.com/ |
Revenue |
(mil) |
716.8860 |
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Income |
(mil) |
-158.9030 |
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Assets |
(mil) |
1215.7320 |
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Liability |
(mil) |
564.1340 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Powerwave Technologies, Inc. reported a net loss of $44,522,000 on sales of $219,555,000 for the three months ended July 1, 2007, compared to a net income of $12,622,000 on sales of $185,633,000 during the same quarter last year. For the six months ended July 1, 2007, the Company recorded a net loss of $91,652,000 on sales of $349,273,000, compared to a net income of $10,342,000 on sales of $401,366,000 during the first half of 2006. As a result of its recurring losses, the Company has an accumulated deficit of $227,981,000 as of July 1, 2007. The Company's balance sheet as of July 1, 2007 showed $1,155,978,000 in total assets, including $491,900,000 in goodwill, and $589,165,000 in total liabilities, resulting in $34,193,000 in net tangible assets.
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Intellectual Property:
The Company relies upon trade secrets and patents to protect intellectual property. The Company executes confidentiality and non-disclosure agreements with employees and suppliers and limit access to, and distribution of, proprietary information. It has an on-going program to identify and file applications for both U.S. and international patents for various aspects of its technology. The Company currently owns approximately 163 U.S. patents and approximately 261 foreign patents, and has filed applications for over 45 additional U.S. patents and over 105 additional foreign patents. [SEC Filing 10-K 03-06-07]
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Description:
The Company supplies wireless solutions for wireless communications networks worldwide.
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Officers:
Bruce C. Edwards (Chair); Kevin T. Michaels (CFO); John L. Clendenin (Dir.); Daniel A. Artusi (Dir.); David. L. George (Dir.); Eugene L. Goda (Dir.); Carl W. Neun (Dir.); Andrew J. Sukawaty (Dir.)
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Auditor:
Deloitte & Touche LLP
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Securities:
Common Stock-Symbol PWAV; NasdaqGS;
130,735,919 common shares outstanding as of August 9, 2007.
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