They have actually only ever had one profitable year (2005). This was on the back of the LGP Allgon acquisition and some nicely profitable type of products that no longer have a market (OEM's took the PA business in house)
They won't get bought, there is nothing to buy!
A remote chance some of the OEM customers would buy their product lines to ensure supply, but this is a buyers market.
If the OEM's did this, then Powerwave would shrink to nothing as the OEM's are the core business (70%)
Powerwave are stuck between a rock and a very hard place at the same time as being up a very well known creek, no paddle and up to their necks.
Doomed long term
Never ever ever profitable, just grew through acquisition. Those days are gone. They have been hit hard by the crisis because they are a perfect example of what caused it.
Read the last 5 year end calls. and see how they fail to deliver on a repeated basis.
I bought this stock because of CNBC,this was the stock to own for the next ten years ? don't have alot invested, but I would add to being bought out, they do design & manufacture 3g wireless products, maybe some proprietary property worth something? I'm holding for now.