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): August 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 July 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 July 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 26, 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 July 2003.

Exhibit 99.1

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


						June 30, 2003	July 31, 2003
ASSETS
	Current Assets
		Cash				2,946,896	2,575,017
		Accounts Receivable (net)				22,000	21,700

		Other Current Assets
			Inventory			50,000	10,000
			Insurance Recovery Receivable			557,027	557,027
			Other Receivables			185,589	156,381
			Prepaid Insurance			20,551	49,300
			Prepaid Legal Expenses			55,000	-
		Total Other Current Assets				868,167	772,708
	Total Current Assets					3,837,062	3,369,424
		Fixed Assets
		Equipment				40,000	30,000
		Patents				1,040,000	1,040,000
	Total Fixed Assets					1,080,000	1,070,000
	Other Assets
		Rent Deposits				6,800	6,800
TOTAL ASSETS						4,923,862	4,446,224

LIABILITIES AND EQUITY
	Liabilities
		Post-Petition Liabilities
			Accounts Payable
				Post - Accounts Payable		7,343	6,957
				Post - Accrued Legal Expense		464,862	206,426
				Post - Deferred Revenue		-	-
				Post - Employee Benefits		2,673	634
				Post - Payroll & Bonus Payable		26,834	35,084
				Post - Taxes Payable		5,663	-
		Total Post-Petition Liabilities				507,374	249,101

		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					3,101,093	2,842,820

	Equity
		Preferred				20,000,074	20,000,074
		Capital Stock				340,460,278	340,460,278
		Opening Bal Equity				(358,637,582)	(358,856,948)
	Total Equity					1,822,769	1,603,404
TOTAL LIABILITIES AND EQUITY						4,923,862	4,446,224

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


	June 2003	July 2003
Sales	-	-
Cost of Goods Sold	-	-
Gross Profit	-	-
Other Operating Expenses
Officers' Salaries	54,207	59,198
Other Salaries	15,344	20,944
Employee Benefits/Payroll Taxes	88	5,414
Insurance	-	-
Rent	9,001	9,011
General and Administrative	76,666	125,740
Total Other Operating Expenses	155,306	220,306
Net Operating Loss	(155,306)	(220,306)
Other Income	1,216	850
Gain on Change in Accounting Estimate - Accrued Warranty Payable	-	-
Gain on Sale of Assets	15,510	90
Loss on Change in Accounting Estimate - Insurance Recovery Receivable	-	-
Gain/Loss from Termination of Lease Agreements	30,069	-
Net Income(Loss)	(108,511)	(219,365)

METAWAVE COMMUNICATIONS CORP 8-K