Powerwave Technologies, Inc. (NASDAQ:PWAV), a global supplier of
end-to-end solutions for wireless communications networks, today
provided preliminary revenue information for its fiscal first quarter
ended April 1, 2012. Powerwave announced that it anticipates that
revenues for its fiscal first quarter ended April 1, 2012 will be in the
range of $40 million to $45 million. Powerwave will release its
financial results for the first quarter on May 3, 2012 after the market
For the first quarter, Powerwave continued to encounter weakness in
several of its markets, as network operators continued to be
conservative in their spending plans and several markets continued to
delay capital spending plans. Powerwave will provide additional market
information when it releases its first quarter results.
Powerwave Technologies, Inc., is a global supplier of end-to-end
wireless solutions for wireless communications networks. Powerwave
designs, manufactures and markets a comprehensive suite of wireless
solutions, including antennas, base station products and advanced
coverage solutions, utilized in all major wireless network protocols and
frequencies, including Next Generation Networks in 4G technology, such
as LTE and WiMAX. Corporate headquarters are located at 1801 E. St.
Andrew Place, Santa Ana, Calif. 92705. For more information on
Powerwave’s advanced wireless coverage and capacity solutions, please
call (888)-PWR-WAVE (797-9283) or visit our web site at www.powerwave.com.
Powerwave, Powerwave Technologies and the Powerwave logo are registered
trademarks of Powerwave Technologies, Inc.
The foregoing statements regarding Powerwave’s anticipated revenues for
the fiscal first quarter of 2012 are "forward-looking statements” within
the meaning of Section 27A of the Securities Act, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. This
forward-looking statement is intended to qualify for the safe harbor
from liability established by the Private Securities Reform Act of 1995.
Final revenues for the first fiscal quarter of 2012 are subject to
Powerwave’s quarterly financial review procedures and consolidation of
the Company’s financial results, and therefore, final revenues for the
first quarter may end up being different from what is currently
anticipated. The forward-looking statements contained in this press
release are based on information available to Powerwave as of the date
of this press release and management’s views and assumptions regarding
future events and business performance as of the date of this press
release and are subject to risks and uncertainties which could cause our
actual results to differ materially from those projected or implied.
Powerwave emphasizes that its reported financial performance and period
to period comparisons are not necessarily indicative of the results that
may be expected in the future and Powerwave believes that such
comparisons cannot be relied upon as indicators of future performance.
Powerwave also emphasizes that the market price of its Common Stock has
exhibited high levels of volatility and therefore may not be suitable
for all investors. More detailed information on these and additional
factors which could affect Powerwave’s operating and financial results
and the price of Powerwave’s common stock are described in Powerwave’s
Form 10-K, for the fiscal year ended January 1, 2012, which is filed
with the Securities and Exchange Commission, and other risks detailed
from time to time in Powerwave’s reports filed with the Securities and
Exchange Commission. Powerwave urges all interested parties to read
these reports to gain a better understanding of the many business and
other risks that Powerwave faces. Powerwave expressly disclaims any
intent or obligation to update any forward looking statements, whether
as a result of new information, future events or otherwise, after the
date of this press release to conform such statements to actual results
or to changes in our opinions or expectations excepts as required by
applicable law or the rules of the NASDAQ Stock Market.