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

Date of Report (Date of earliest event reported): July 15, 2003

Metawave Communications Corporation
(Exact name of Registrant as specified in its charter)


Delaware	0-24673	91-1673152
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

15231 NE 95th Street
Redmond, WA 98052
(Address of principal executive offices)(zip code)

(425) 702-5600
(Registrant's telephone number, including area code)

Item 5. Other Events and Regulation FD Disclosure

Metawave Communications Corporation, a Delaware corporation (“Metawave Communications”), has filed its monthly operating report for the month of June 2003 (the “Monthly Report”) with the United States Bankruptcy Court for the Western District of Washington in Case No. 03-11272, portions of which are attached hereto as Exhibit 99.1. The Monthly Report was filed pursuant to Rule 2015 under the United States Bankruptcy Code, in connection with Metawave Communication’s voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code.

The Company cautions readers not to place undue reliance upon the information contained in the Monthly Report. The Monthly Report contains information that has not been audited or reviewed by independent accountants, is limited in scope, covers a limited time period and is in a format prescribed by the applicable bankruptcy laws, which does not represent financial information in accordance with generally accepted accounting principles. There can be no assurance that the Monthly Report is complete. Opening amounts on the UST-12, Comparative Balance Sheet were established as estimated recoverable values and estimated claims payable at the time of the Company's bankruptcy filing (January 31, 2003). The Monthly Report also contains information for periods different from those contained in the Company's reports pursuant to the Securities Exchange Act of 1934, as amended. The Company undertakes no obligation to update or revise the Monthly Report.

Item 7. Financial Statements and Exhibits


	(c) Exhibits. 99.1 Monthly Bankruptcy Report for the month of June 2003.

SIGNATURES

Pursuant to the requirements of the Securities Exchange act of 1934, as amended, the
Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.


	METAWAVE COMMUNICATIONS CORPORATION (Registrant)

Date: August 8, 2003	By: /s/ Randy Scheer Randy Scheer Vice President of Finance


	INDEX TO EXHIBITS
Exhibit Number	Description
99.1	Monthly Bankruptcy Report for the month of June 2003.

Exhibit 99.1

Metawave Communications Corporation
UST-12, Comparative Balance Sheet
Case Number 03-11272


						May 30, 2003	June 30, 2003
ASSETS
	Current Assets
		Cash				2,911,035	2,946,896
		Accounts Receivable (net)				22,000	22,000

		Other Current Assets
			Inventory			50,000	50,000
			Insurance Recovery Receivable			557,027	557,027
			Other Receivables			188,425	185,589
			Prepaid Insurance			20,551	20,551
			Prepaid Legal Expenses			55,000	55,000
		Total Other Current Assets				871,002	868,167
	Total Current Assets					3,804,037	3,837,062
		Fixed Assets
		Equipment				108,336	40,000
		Patents				1,040,000	1,040,000
	Total Fixed Assets					1,148,336	1,080,000
	Other Assets
		Rent Deposits				16,732	6,800
TOTAL ASSETS						4,969,104	4,923,862

LIABILITIES AND EQUITY
	Liabilities
		Post-Petition Liabilities
			Accounts Payable
				Post - Accounts Payable		12,326	7,343
				Post - Accrued Legal Expense		393,298	464,862
				Post - Deferred Revenue		-	-
				Post - Employee Benefits		439	2,673
				Post - Payroll & Bonus Payable		32,379	26,834
				Post - Taxes Payable		5,663	5,663
		Total Post-Petition Liabilities				444,105	507,374

		Pre-Petiton Liabilities
				Unsecured Debt		1,471,494	1,471,494
				Priority Debt
					Employee Benefits	2,667	2,667
					Taxes	586,471	586,471
					Wages	61,060	61,060
				Priority Debt		650,198	650,198
				Secured Debt		472,027	472,027
		Total Pre-Petition Liabilities				2,593,719	2,593,719
	Total Liabilities					3,037,824	3,101,093

	Equity
		Preferred				20,000,074	20,000,074
		Capital Stock				340,460,278	340,460,278
		Opening Bal Equity				(358,529,072)	(358,637,582)
	Total Equity					1,931,280	1,822,769
TOTAL LIABILITIES AND EQUITY						4,969,104	4,923,862

Metawave Communications Corporation
UST-13, Comparative Income Statement
Case Number 03-11272


	May 2003	June 2003
Sales	571,887	-
Cost of Goods Sold	209,035	-
Gross Profit	362,852	-
Other Operating Expenses
Officers' Salaries	65,562	54,207
Other Salaries	26,117	15,344
Employee Benefits/Payroll Taxes	13,200	88
Insurance	57,113	-
Rent	8,876	9,001
General and Administrative	90,160	76,666
Total Other Operating Expenses	261,028	155,306
Net Operating Loss	101,824	(155,306)
Other Income	3,074	1,216
Gain on Change in Accounting Estimate - Accrued Warranty Payable	-	-
Gain on Sale of Assets	139,606	15,510
Loss on Change in Accounting Estimate - Insurance Recovery Receivable	-	-
Gain/Loss from Termination of Lease Agreements	-	30,069
Net Income(Loss)	244,504	(108,511)

METAWAVE COMMUNICATIONS CORP 8-K