Powerwave Technologies Inc. (“Powerwave,” the “Company,” “we,” “us” or “our”) was incorporated in Delaware in January 1985, under the name Milcom International Inc., and changed its name to Powerwave Technologies Inc. in June 1996. We are a global supplier of end-to-end wireless solutions for wireless communications networks. We have historically sold the majority of our product solutions to the commercial wireless infrastructure industry. Part of our current strategy is to broaden our end markets to include new areas such as government, public safety, military and homeland security in addition to the commercial wireless infrastructure market. Our business consists of the design, manufacture, marketing and sale of products to improve coverage, capacity and data speed in wireless communications networks including antennas, boosters, combiners, cabinets, shelters, filters, radio frequency power amplifiers, remote radio head transceivers, repeaters, tower-mounted amplifiers and advanced coverage solutions. These products are utilized in major wireless networks throughout the world which support voice, video and data communications by use of wireless phones and other wireless communication devices. We sell our products to both original equipment manufacturers, who incorporate our products into their proprietary base stations (which they then sell to wireless network operators), and directly to individual wireless network operators for deployment into their existing networks. We believe that our future success depends upon continued growth in demand for wireless services as well as our ability to broaden our customer base and the markets in which we compete. For the fiscal year ended January 1, 2012 (“fiscal 2011”), our largest customers included an original equipment manufacturer Nokia Siemens Networks, which accounted for approximately 16% of our sales, and two of our regional resellers, Team Alliance and Raycom which represented 16% and 11% of sales for the year respectively. As a result of the significant amount of business that we conduct with these customers, they have the ability to significantly impact our financial results in several ways including without limitation, demanding price reductions and reducing or threatening to reduce their business with us, transferring their business to other companies, slowing or reducing their purchases due to market conditions, or internalizing their operations. An example of an original equipment manufacturer customer who has significantly reduced its business with us is Nokia Siemens Networks, which reduced its business with us by 50% as compared to the prior fiscal year. The loss of any of these customers, or a significant loss, reduction or rescheduling of orders from these customers or any other major customer would have a material adverse effect on our business, financial condition and results of operations.
Company profile
Ticker
PWAV
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
QUALCOMM • Motorola Solutions • Maxar • Ubiquiti • Casa Systems • Sierra Wireless • Ceragon Networks • KVH Industries • Calamp • Cambium Networks ...
SEC CIK
Corporate docs
IRS number
112723423
Latest filings (excl ownership)
REVOKED
Registration or securities revoked
3 Apr 19
25-NSE
Exchange delisting
22 Mar 13
CT ORDER
Confidential treatment order
14 Feb 13
8-K
Termination of a Material Definitive Agreement
28 Jan 13
8-K
Submission of Matters to a Vote of Security Holders
19 Dec 12
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
19 Dec 12
8-K
Other Events
10 Dec 12
DEFA14A
Additional proxy soliciting materials
10 Dec 12
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
30 Nov 12
Latest ownership filings
No filings