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): November 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.)

12525 Willows Road NE, Suite 130
Kirkland, WA 98034
(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 October 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 October 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: November 28, 2003	By: /s/ Randy Scheer Randy Scheer Vice President of Finance

Exhibit 99.1

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


						September 30, 2003	October 31, 2003
ASSETS
	Current Assets
		Cash				3,880,119	4,040,187
		Accounts Receivable (net)				22,000	-

		Other Current Assets
			Inventory			-	-
			Insurance Recovery Receivable			-	-
			Other Receivables			465,780	28,280
			Prepaid Insurance			12,924	11,563
			Prepaid Legal Expenses			-	-
		Total Other Current Assets				478,704	39,843
	Total Current Assets					4,380,823	4,080,030
	Other Assets
		Rent Deposits				6,800	11,780
TOTAL ASSETS						4,387,623	4,091,810

LIABILITIES AND EQUITY
	Liabilities
		Post-Petition Liabilities
			Accounts Payable
				Post - Accounts Payable		1,606	1,765
				Post - Accrued Legal Expense		446,786	629,234
				Post - Payroll & Bonus Payable		5,038	3,443
				Post - Taxes Payable		-	-
		Total Post-Petition Liabilities				453,430	634,442

		Pre-Petition Liabilities
				Unsecured Debt		914,467	914,467
				Priority Debt
					Employee Benefits	2,667	2,667
					Taxes	586,471	386,471
					Wages	61,060	44,715
				Priority Debt		650,198	433,853
				Secured Debt		472,027	472,027
		Total Pre-Petition Liabilities				2,036,692	1,820,348
	Total Liabilities					2,490,122	2,454,789

	Equity
		Preferred				20,000,074	20,000,074
		Capital Stock				340,460,278	340,460,278
		Opening Bal Equity				(358,562,851)	(358,823,331)
	Total Equity					1,897,500	1,637,021
TOTAL LIABILITIES AND EQUITY						4,387,623	4,091,810

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


	September 2003	October 2003
Sales	-	-
Cost of Goods Sold	-	-
Gross Profit	-	-
Other Operating Expenses
Officers' Salaries	21,663	19,397
Other Salaries	9,594	8,872
Employee Benefits/Payroll Taxes	3,685	2,135
Rent	8,876	9,706
General and Administrative	131,545	278,746
Total Other Operating Expenses	175,363	268,856
Net Operating Loss	(175,363)	(268,856)
Other Income	1,209	1,383
Gain on Sale of Assets	10,400	28,193
Net Income(Loss)	(163,754)	(239,280)

METAWAVE COMMUNICATIONS CORP 8-K