Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mitigating Insider Threats in Virtual & Cloud Environments
- Modern Mission Critical Series
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Powerwave seeks Chapter 11 bankruptcy protection
Monday - 1/28/2013, 5:51pm EST
NEW YORK (AP) - Powerwave Technologies Inc., which makes antennas and other equipment for wireless networks, has filed for Chapter 11 bankruptcy protection amid a steep sales slump.
In the first nine months of 2012, revenue dropped by two-thirds, to about $128 million, from the year before. The company's loss deepened to $153 million from $35 million.
The Santa Ana, Calif., company filed for bankruptcy protection Monday in a Delaware court. It plans to continue operations.
Powerwave also says that on Sunday it ended a supply deal with a Chinese company.
Powerwave shares will be suspended from the Nasdaq on Wednesday because of their low price.
The stock dropped 74 percent to 8 cents on Monday. Shares have lost 96 percent of their value over the past 12 months.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)