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Powerwave Creditors Say Ch. 11 Sale Leaves Co. With Nothing

By Matt Chiappardi (May 15, 2013, 10:00 PM EDT) -- A federal judge in Delaware on Wednesday approved the sale of bankrupt Powerwave Technologies Inc.'s inventory to a consortium of auction firms for $6.6 million, but held off deciding whether to OK the contested sale of the company's intellectual property to its senior secured lender during the Chapter 11 auction held Monday....

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