Powerwave shares were cut in half today after the company issued disappointing guidance in a post-earnings call with analysts this morning. The company noted that some customers have been cancelling or delaying recent equipment orders. William Choi of Jefferies & Co. noted in his estimate that–surprise, surprise–”Customers are scaling back due to the weak economy and funding issues.”
It’s been a bad week for Powerwave (PWAV): The stock is down 38 percent since Friday.
Not a lot of substantive news, but plenty of incremental worry about the state of the communications equipment segment. Powerwave makes power amplifiers and other components for communications gear.
You have to search pretty hard to find tech stocks left out of today’s rally. But they’re out there. Here are a half-dozen companies that were not included in today’s historic rally, which took the Nasdaq Composite up nearly 12 percent.
This is a section of the All Things Digital Web site featuring posts from around the Web, from other Dow Jones properties and also original pieces we solicit. The section is now explicitly labeled that it comes "from other Web sites."
We are fully aware of the controversies around how linking and aggregating is done on the Web and we, in no way, are attempting to "scrape" original content created by others. Instead, regarding third-party posts, we are trying to point readers of this site to other posts from around the Web that we admire and are trying to do so in the quickest manner possible.
The Internet is full of terrific content that is not ours and we want to help our readers find it by making editorial suggestions--Look, Mom, no algorithm!--of posts we think are worth their time.
That is why we have made even more changes to Voices to ensure we do this in the most transparent and timely way. While we don't expect that everyone will agree with our policies, we have made changes that reflect our intent in pointing to content outside our site.
So here is exactly what we do: Read more »
Because the site is wholly owned by Dow Jones, publisher of The Wall Street Journal, we aim to adhere to the journalistic standards of the best of the mainstream media. But, because it is run autonomously as a small online startup, we aim to exhibit the fresh thinking and nimbleness of the best of the new media. We want to be first, and sassy, but also well sourced and accurate. We will offer lots of opinion and analysis, but plenty of fact as well.
D is unlike any other executive conference. Since its debut in 2003, D has brought to life the energy and excitement of the digital revolution in an unscripted, upfront and unparalleled way. Read more »
Don't miss a post! Sign up for our Daily Email and get AllThingsD.com delivered each day.
Get columns, blogs and video from D and All Things Digital on your iPhone. Download now »
