SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________ FORM 10-Q/A (Mark One) X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarter ended DECEMBER 31, 1994 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to____ Commission file number: 0-15895 _________________________ DIGITAL MICROWAVE CORPORATION (Exact name of registrant as specified in its charter) DELAWARE 77-0016028 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) _________________________ 170 ROSE ORCHARD WAY SAN JOSE, CALIFORNIA 95134 (408) 943-0777 (Address, including zip code, of Registrant's principal executive offices and telephone number, including area code) _________________________ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES /_X_/ NO Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date. COMMON STOCK, $0.01 PAR VALUE 13,332,939 (Class of common stock) (Shares outstanding at December 31, 1994) Page 1 of 6 pages Exhibit Index on page 2 PART II - OTHER INFORMATION ITEM 6(A) - EXHIBITS 10.1 Loan Agreement dated October 28, 1994 10.2 Agreement on ** Exchange of Interim Equipment dated October 27, 1994. ** Confidential Treatment has been requested for portions of this Exhibit. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. DIGITAL MICROWAVE CORPORATION Dated: March 6, 1995 By CARL THOMSEN Carl Thomsen Vice President and Chief financial Officer