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What: Earlier today, shares of PowerWave Technologies (Nasdaq: PWAV ) rose more than 12% to a new 52-week high of $2.12 a share after Chief Product and Development Officer Khurram Sheikh previewed comments to be made at the Futurecom trade show in Brazil this week.
So what: In a press release, Sheikh argued that PowerWave's "inside-out" strategy for delivering 4G broadband was best suited for high-performance indoor wireless environments, but extensible enough to also address outdoor networks.
Now what: Sheikh speaks Wednesday, and PowerWave plans to demonstrate the technology throughout the show. What's interesting is that PowerWave, like Clearwire (Nasdaq: CLWR ) and Qualcomm (Nasdaq: QCOM ) , is hedging its bets by creating components for both LTE and WiMAX 4G wireless networking equipment. It's a smart, Switzerland-style bet that could pay off, presuming there's more to this "inside-out" strategy than a fancy presentation.
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