Reuters: Bankruptcy News: Powerwave Technologies files for bankruptcy protection

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Powerwave Technologies files for bankruptcy protection Jan 28th 2013, 15:53 Mon Jan 28, 2013 10:53am EST Jan 28 (Reuters) - Powerwave Technologies Inc, which makes wireless antennas, filed for Chapter 11 bankruptcy protection on Monday as its losses ballooned over the past year. The company listed assets of $213.5 million and liabilities of $396.1 million, according to documents filed in the U.S. Bankruptcy Court in Wilmington, Delaware. The company reported a net loss through the first nine months of 2012 of $153.1 million, compared with a net loss of $35.0 million in same period a year before, according to a regulatory filing. Shares of Powerwave fell 77 percent to 7.02 cents on Nasdaq in Monday morning trade.

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