8-K

		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): May 15, 2001
Metawave Communications Corporation (Exact name of Registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation or organization)					0-24673 (Commission File Number)	91-1673152 (I.R.S. Employer Identification No.)
				10735 Willows Road NE, Redmond, WA 98052 (Address of principal executive offices)(Zip Code)
			(425) 702-5600 (Registrant's telephone number, including area code)

Item 5.				Other Events.
	(a)     On May 15, 2001, Metawave Communications Corporation (the "Company") publicly disseminated a press release announcing that a fire occurred at the Company's Taipei, Taiwan facilities. The full text of the Registrant's press release issued in connection with the foregoing is filed as Exhibit 99.1 to this Current Report on 8-K and is incorporated herein by reference.
Item 7.				Financial Statements and Exhibits
	(c)	Exhibits.
			99.1		Press Release dated May 15, 2001.

	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 thereunto duly authorized.
		METAWAVE COMMUNICATIONS CORPORATION (Registrant)
Date: May 15, 2001		By:  /s/ Stuart W. Fuhlendorf                         Stuart W. Fuhlendorf           Chief Financial Officer

	INDEX TO EXHIBITS
Exhibit Number	Description
99.1	Press Release dated May 15, 2001.

EX-99.1

FOR IMMEDIATE RELEASE

Media Contacts:      Financial Contact:
Loan T. Duong        Stuart Fuhlendorf
Metawave             Chief Financial Officer
Communications       Metawave Communications
Tel: (425) 702-6535  Tel: (425) 702-5600
loand@metawave.com   stuart.fuhlendorf@metaw
                     ave.com

Nina Velasquez
Text 100 Public
Relations
Tel: (206) 381-3791
ninav@text100.com


         Metawave Incurs Damage in Taipei Building Fire

  REDMOND, Wash.   May 15, 2001  Metawave Communications Corp.
(NASDAQ: MTWV), a global provider of smart antenna solutions that
increase voice and data capacity for wireless carriers, today
announced that its office in Taiwan was affected by a major fire
in Taipei in the early morning hours of Saturday, May 12, 2001.

  Metawave's Taiwan office in one of the damaged buildings
housed its sales, service and manufacturing operations. Damages
are extensive and will require the relocation of the facility.
Metawave expects that the majority of the loss will be covered by
insurance. Plans to relocate and find new office and
manufacturing space are under way.

  "Fortunately, no one has been hurt in this disaster," said Bob
Hunsberger, chairman of the board and chief executive officer of
Metawave. "The loss of our GSM manufacturing facility is
particularly unfortunate since we've been seeing increased demand
for our SpotLight GSM product in the Asian market. As a result
of this loss, we will be able to ship little or no GSM product in
the second quarter of 2001; however, given this demand, we
anticipate that we will make up this shortfall during the third
and fourth quarters of this year."

ABOUT METAWAVE

Metawave Communications Corp. is a global provider of smart
antenna solutions that increase voice and data capacity for
wireless carriers. The company's SpotLightr smart antenna
offerings provide operators of CDMA, GSM, analog and next
generation 3G wireless networks with cost-effective capacity
solutions that improve wireless network performance. Metawave's
smart antenna systems have been deployed worldwide by leading
wireless providers to meet rapidly increasing demand for wireless
voice and data services. Founded in 1995, the company is
headquartered in Redmond, Washington, with offices in California,
Mexico City, New Jersey, Sao Paulo, Shanghai, Taipei and Texas.
For more information, call 1-888-METAWAVE or visit the company's
Web site at http://www.metawave.com.

                               ###

Metawave and SpotLight are trademarks of Metawave Communications Corporation.

Except for the historical information presented, the matters
discussed in this press release may contain forward-looking
statements relating to the future sale of Metawave's products and
services and future operating results, as well as other future
events, circumstances, trends, plans and prospects and are
subject to certain risks and uncertainties that could cause
actual results to differ materially from any future results,
performance or achievements expressed or implied by such
statements. These are forward looking statements for purposes of
the safe harbor provisions under the Private Securities
Litigation Reform Act of 1995.  Factors which could cause results
or events to differ from current expectations include, among
other things: our ability to source needed components for our GSM
products from suppliers on an expedited basis; our ability to
establish new manufacturing capabilities on an expedited basis;
dependence on a limited number of wireless network operators for
substantially all of our revenue; reliance on a single exclusive
outsourced manufacturer of our antenna systems; delays in
installation of our products which could cause delays in payment
and revenue recognition; sales in international markets; and the
slowdown in capital spending of the wireless network operators
who are our customers. For additional information on these and
other factors which could affect Metawave's operating and
financial results, see the reports filed by Metawave with the
United States Securities and Exchange Commission. Metawave
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new
information, future events or otherwise.