SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
March 1, 1998
Date of Report (Date of earliest event reported)
CALIFORNIA MICROWAVE, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-7428 94-1668412
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1143 Borregas Avenue, Sunnyvale, California 94089
(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including are code):408/732-4000
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Item 5. Other Events.
California Microwave, Inc. entered into an agreement,
dated as of March 1, 1988, with Tadiran Ltd. to sell its
Microwave Networks division for $35 million in cash. On February
12, 1998, California Microwave announced that it had completed
the sale of its STS division for $27 million in cash. At June
30, 1997, the Company provided $8.4 million, after tax, for loss
on disposal of these to-be-discontinued businesses. Based upon
the current expected proceeds from the divestiture of these
businesses, and upon the losses incurred and to be incurred by
the businesses prior to divestiture, the Company estimates that
an additional provision in the range of $12 to $12.5 million,
after tax, or $.73 to $.76 per share, will be provided for loss
on disposal of discontinued businesses in the quarter ending
March 31, 1998. Final accounting for these divestitures is
subject to completion of the divestiture process. The closing of
the transaction is subject to certain conditions, including the
obtaining of any required regulatory approvals.
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
CALIFORNIA MICROWAVE, INC.
(Registrant)
By: /s/ George L. Spillane
_________________________________
Name: George L. Spillane
Title: Vice President and
Secretary
Dated: March 3, 1998
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