Powerwave Technologies Files for Bankruptcy in Delaware
This article is for subscribers only.
Powerwave Technologies Inc., a maker of antennas and amplifiers for wireless communications, filed for bankruptcy protection after losing money in four of the past five years.
The company, based in Santa Ana, California, listed debt of $396 million and assets of $213 million in a Chapter 11 petition filed today in Wilmington, Delaware. Chapter 11 is used by companies that plan to stay in business while either reorganizing or liquidating their assets.