On December clarifies black eyed peas 1, 2008 will i am investigates thecompany announced restructuring measures and a one time charge of $0.5million has been borne fully in the Q3 FY09 results. The net loss for thequarter was $0.2 million versus $1.7 million in Q2 fiscal 2009.”DragonWave’s results for the quarter showed the company’s resilience aswe maintained revenue, reduced the cash burn, and took restructuringmeasures to keep the business healthy. I am particularly pleased withDragonWave’s ability to continue to attract new customers, with shipmentsto 14 new customers in the third quarter, 12 of which were locatedoutside of North America.” said Peter Allen, President and CEO ofDragonWave.The DragonWave management team will discuss the results on a conferencecall January 9, 2009 at 8:30 a.m. Eastern time.Presentation material and a webcast link will be made available from theInvestor Relations portal of DragonWave’s web site at Call Details:- Beginning at 8:30 a.m., EDT- Toronto Dial In Number: 416-883-7132- Toll Free Dial In Number: 1-888-205-4499- UK Dial In Number: 00-800-8358-7000- Participant Pass Code: 37041#For a replay of the call, it will be made available on DragonWave Inc.web site, through the Investor Relations portal.To review Management’s Discussion and Analysis for the quarter, please goto DragonWaveDragonWave(TM) is a leading provider of high-capacity wireless Ethernetequipment used in emerging IP networks. DragonWave designs, develops, andmarkets carrier-grade microwave radio frequency networking equipment thatwirelessly transmit broadband voice, video and other data.

DragonWave’swireless Ethernet products, which are based on a native Ethernetplatform, function as a wireless extension to an existing fibre-opticcore telecommunications network black eyed peas the end . The principal application forDragonWave’s products is the backhaul function in a wirelesscommunications network black eyed peas imma . Additional applications for DragonWave’s productsinclude point-to-point transport in private networks, including municipaland enterprise networks blackeyedpeas . DragonWave’s corporate headquarters is locatedin Ottawa, Ontario, with sales locations in Europe, Middle East and NorthAmerica elephunk .

The company’s Web site is LOOKING STATEMENTSThis release contains certain forward-looking statements black eyed peas boom boom pow . Readers arecautioned not to place undue reliance upon any such forward-lookingstatements fergie . Forward-looking statements are based on the company’s currentexpectations and assumptions that are subject to a variety of risks anduncertainties that are difficult to predict and that may be beyondDragonWave’s control.Actual results could differ materially from those expressed in anyforward-looking statements due to factors including the following:- DragonWave’s growth is dependent on the development and growth of themarket for broadband wireless access.- DragonWave faces intense competition from several competitors and if itdoes not compete effectively with these competitors, its revenues may notgrow and could decline monkey business . DragonWave also faces competition from indirectcompetitors.- DragonWave’s success depends on its ability to develop new products andenhance existing products.- DragonWave has a history of losses and cannot provide assurance that itwill attain profitability.- If DragonWave is required to change its pricing models to competesuccessfully, its margins and operating results may be adversely affected.- DragonWave relies on a small number of customers for a large percentageof its revenue.- DragonWave’s ability to sell products and services is dependent upon itestablishing and maintaining relationships with channel partners.- DragonWave’s quarterly revenue and operating results can be difficultto predict and can fluctuate substantially.- DragonWave has a lengthy and variable sales cycle.Additional risks which can also impact upon forward looking statementsare identified in DragonWave’s Annual Information Form which is availableonline at DragonWave assumes no obligation to update theseforward-looking statements as a result of new information or futureevents.DragonWave Inc.CONSOLIDATED BALANCE SHEETS(Expressed in Cdn $000’s)(unaudited) As at As at November 30,February 29,20082008 $ $——————————————————————–ASSETSCurrentCash and cash equivalents 10,306 1,551Short term investments14,91431,908Accounts receivable 10,78711,433Other receivables2,057 1,092Inventory 14,81610,584Prepaid expenses 374 424——————————————————————–Total current assets53,25456,992Property and equipment 2,848 2,823——————————————————————– 2,848 2,823——————————————————————–Total Assets56,10259,815—————————————————————————————————————————————-LIABILITIES AND SHAREHOLDERS’ EQUITYCurrentLine of credit 631 550Accounts payable and accrued liabilities 8,236 9,055Deferred revenue 1,957 1,713——————————————————————–Total current liabilities 10,82411,318CommitmentsShareholders’ equityCapital stock119,920 119,435Contributed surplus1,068 933Deficit(75,710)(71,871)——————————————————————–Total shareholders’ equity45,27848,497——————————————————————–56,10259,815—————————————————————————————————————————————-On behalf of the Board: (s) Gerry Spencer(s) Claude HawDirectorDirectorDragonWave Inc.CONSOLIDATED STATEMENTS OF OPERATIONS, COMPREHENSIVE LOSS AND DEFICIT(Expressed in Cdn $000’s except share and per share amounts)(unaudited)Three months ended Nine months ended November 30 November 30——————————————————————–20082007 2008 2007 $ $$$——————————————————————–REVENUE 10,70411,548 32,001 30,062Cost of sales7,000 7,016 20,289 18,894——————————————————————–Gross profit 3,704 4,532 11,712 11,168——————————————————————–EXPENSESResearch and development 2,427 2,6628,1527,572Selling and marketing2,789 2,3928,1966,130General and administrative765 8463,0282,894Investment tax credits18 (50) (82)(442)Restructuring charges484 -484——————————————————————— 6,483 5,850 19,778 16,154——————————————————————–Loss from operations(2,779) (1,318)(8,066)(4,986)Interest income177 350610655Interest expense(7)(34) (25)(192)Interest expense on debt component of preferred shares and convertible debt- — (500)Foreign exchange gain (loss)2,399(206) 3,664 (981)——————————————————————–Loss before income taxes(210) (1,208)(3,817)(6,004)Income Taxes (11)-(22) ———————————————————————Net and Comprehensive Loss (221) (1,208)(3,839)(6,004)Deficit, beginning of period (75,489)(68,415) (71,871) (63,619)——————————————————————–Deficit, end of period (75,710)(69,623) (75,710) (69,623)—————————————————————————————————————————————-Loss per shareBasic and fully diluted(0.01)(0.04) (0.13) (0.27)——————————————————————–Basic and diluted weighted average number of shares outstanding28,555,71627,646,025 28,530,688 22,063,836——————————————————————–DragonWave Inc.CONSOLIDATED STATEMENTS OF CASH FLOWS(Expressed in Cdn $000’s except share and per share amounts)(unaudited)Three months ended Nine months ended November 30 November 30——————————————————————–2008200720082007 $ $ $ $——————————————————————–OPERATING ACTIVITIESNet loss(221) (1,208) (3,839) (6,004)Items not affecting cash:Amortization of property and equipment 287 159 782 366Interest expense on debt component of preferred shares – - – 350Interest expense on debt component of convertible debt – - – 150Stock-based compensation expense159 191 462 264Warrant expense- – 2 -Unrealized foreign exchange (gain) loss(1,121)145(1,185)459Accrued interest on fair value of short term investments (78)(85) 72 (85)Changes in non-cash working capital items(2,625) (968) (5,075)1,149——————————————————————–Cash flows used in operating activities (3,599) (1,766) (8,781) (3,351)——————————————————————–INVESTING ACTIVITIESAcquisition of property and equipment(136) (678) (806) (1,985)Investment/Maturity of short term investments(14,836)(34,351) 16,922 (34,351)——————————————————————–Cash flows (used in) provided by investing activities(14,972)(35,029) 16,116 (36,336)——————————————————————–FINANCING ACTIVITIESChange in line of credit55(1,889) 81(3,887)Exercise of warrants – - 150 -Issuance of common stock net of stock issuance costs 422,103 449,037——————————————————————–Cash flows provided by financing activities 5920,214 23545,150——————————————————————–Effect of foreign exchange on cash and cash equivalents 1,121(145)1,185(459)Net increase (decrease) in cash and cash equivalents(17,391)(16,726)8,755 5,004Cash and cash equivalents at beginning of period 27,69723,064 1,551 1,334——————————————————————–Cash and cash equivalents at end of period 10,306 6,33810,306 6,338—————————————————————————————————————————————-Cash paid during the period for:Interest 73425 192—————————————————————————————————————————————-Contacts:DragonWave Inc.Russell FrederickChief Financial Officer613-599-9991 ext hey mama .

Copyright 2009, Market Wire, All rights reserved.-0- . Why not send Juan Pierre to the Mets for Castillo.To tell you the honest truth i don’t think its such a bad thing.First of all Pierre can run as he had 64 stolen bases with the dodgers in 2007 40 in 2008 and in 2009 30 because of decreased playing time.Anyway when hes not out there he still gives you a good effort and i think him and Reyes would be  a nasty Stolen base combo. pump it . The Miami Hurricanes pushed around the South Florida Bulls for 60 minutes on Saturday and beat them 31-10.  The football game was more lopsided than the score indicated.The Hurricanes (9-3) ran for 240 yards, rushed for 161 and held the home team Bulls to a total of 161 total yards.  If not for an eight minute touchdown drive to open the second half, the Bulls (7-4) didn’t doanything all afternoon, except frustrate a sell out crowd at Raymond James Stadium.The Hurricanes took the opening kick off and marched 81 yards on 12 plays will i am music . They scored the game’s first touchdown and took a 7-0 lead.  Quarterback Jacory Harris hit tight end Leonard Hankerson for an 11-yard touch down to cap the drive.Javaris James scored on a five-yard run to make it 14-0 with two minutes left in the first quarter.The Bulls got on the board late in the second quarter with an Eric Schwartz field goal, but Miami was able to put up another touchdown before the half ended and took a 21-3 lead into the locker room.When the Bulls made it 21-10, on a 12-yard pass from quarterback B.J Daniels to A J .