| Ticker: | PWAV | 2026 McGaw Avenue | |
| Exchange: | NASDAQ-National Market | Irvine, California 92614 | |
| Industry: | Manufacturing | (714) 757-0530 |
| Type of Shares: | Common Shares | Filing Date: | 10/8/96 | |
| U.S. Shares: | 2,400,000 | Offer Date: | 12/6/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $11.00 - $13.00 | |
| Primary Shares: | 1,800,000 | Offer Price: | $11.50 | |
| Secondary Shares: | 600,000 | Gross Spread: | $0.81 | |
| Offering Amount: | $28,800,000 | Selling: | $0.44 | |
| Expenses: | $950,000 | Reallowance: | $0.10 | |
| Shares Out After: | 15,862,500 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| UBS Securities Inc. | Co-manager | (212) 230-4000 |
| Wessels, Arnold & Henderson | Co-manager | (612) 373-6121 |
| Auditor: Deloitte & Touche | |||||
| 9 Month Ending Financials | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 9/30/96 | 9/30/95 | 9/30/96 | ||
| Revenue: | $36.04 | $43.59 | $22.38 | Assets: | $25.06 |
| Net Income: | $4.48 | $5.43 | $2.43 | Liabilities: | $24.56 |
| EPS: | $0.30 | $0.37 | Equity: | $0.50 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company designs, manufactures and markets ultra-linear radio frequency power amplifies fro use in the wireless communications networks, increase the signal strength of wireless transmissions while reducing interference, or "noise." The reduction of noise enables wireless service providers to offer improved service to subscribers by offering clearer call connections with less interference. Increasing the signal strength of wireless transmissions also improves service by reducing the number of interrupted or dropped calls. Powerwave's RF power amplifiers achieve ultra-linearity at increased levels of amplification through the application of "feedforward" technology, which enables the company's multi-channel power amplifiers to significantly reduce RF interference thereby increasing the efficiency of the wireless service provider's network. The company manufactures both single channel and multichannel amplifiers, with a primary focus on multi-channel products. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for capital expenditures, working capital, new product development and other general corporate purposes. |
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