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PowerWave Technologies Inc (NASDAQ:PWAV): Current Price $0.07
PowerWave Technologies Inc (NASDAQ:PWAV), which makes antennas and amplifiers for wireless communications, filed for Chapter 11 bankruptcy protection today after it lost money in four out of the past five years. The company reported assets of $213 million and debt of $396 million, and its board said in the petition that bankruptcy was “in the best interest of the company, its creditors and other parties.”
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