The bankrupt next-gen wireless-network builder Powerwave Technologies Inc., which has been shopping itself around to potential buyers, inked a Debtor in Possession (DIP) credit and security agreement with P-Wave Holdings LLC, an affiliate of The Gores Group. P-Wave offered Powerwave a multiple-draw senior secured priming term loan credit facility of as much as $5 million for general corporate purposes and for working capital as the company winds down its bankruptcy/sales efforts. Bids for Powerwave are due on May 9, and its auction date is May 13. In related Powerwave news, President/CEO Ronald J. Buschur resigned from the company, replaced by new CEO Khurram Sheikh, who had been CTO.

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CableLabs Explores a New Connectivity Era That Is About More Than Just Speed

Internet speed records are all the rage these days, with two separate breakthroughs making the headlines recently. One is more in the distant future, but the other hits closer to home.

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