Metawave plans IPO

REDMOND, Wash.-Metawave Communications Corp., a provider of smart antenna systems, filed a registration statement with the Securities and Exchange Commission for an initial public offering of its common stock.

Merrill Lynch & Co., Salomon Smith Barney, and U.S. Bancorp Piper Jaffray are managing underwriters for the offering.

Metawave said net proceeds from the offering will be used for general corporate purposes.

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