PowerWave Technologies Files for Chapter 11

Wireless-equipment maker PowerWave Technologies Inc. filed for Chapter 11 bankruptcy protection Monday, with a $150 million issue of convertible debt topping its list of unpaid, unsecured bills.

The Santa Ana, Calif., company had been reporting declining revenue. For the first nine months of fiscal 2012, its total revenue was $127.8 million, about a third of year-earlier revenue.

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