& cplSiteName &

Alvarion Adds Income

Light Reading
CTIA News Feed
Light Reading

TEL AVIV -- Alvarion Ltd. (NASDAQ: ALVR), the world’s leading provider of WiMAX™ and wireless broadband solutions, today announced that an agreement between Alvarion and ADC Telecommunications Inc. (“ADC”), finalized on March 26, 2008, will result in favorable changes to Alvarion’s results of operations for the fourth quarter and full year 2007, as disclosed in a press release on February 6, 2008. The agreement related primarily to payment of notes from LGC Wireless Inc. (“LGC”) after LGC was acquired by ADC in November 2007. The adjusted results reflect other income of approximately $8.3 million, representing the gain from the sale of Alvarion’s equity investment in LGC as well as the net income derived from the promissory notes which became due as a result of the acquisition by ADC.

Specific adjustments made to the 2007 financial statements include: recording other income of $8,265,000, and adjusting the balance sheet for December 31, 2007, to increase Other Accounts Receivable and Shareholders’ Equity by $8,265,000. As a result of these adjustments, revised GAAP net income for 2007 is $12.5 million, or $0.19 per diluted share compared to previously announced GAAP net income of $4.2 million, or $0.06 per diluted share. Revised GAAP net income for Q4 2007 is $12.4 million, or $0.19 per diluted share compared to previously announced Q4 2007 GAAP net income of $4.1 million, or $0.06 per diluted share.

Alvarion Technologies Ltd. (Nasdaq: ALVR)

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
The 'gleaming city on a hill,' Steve Saunders calls it. But who is going to take us from today's NFV componentry to the grand future of a self-driving network? Here's a look at the vendors hoping to make it happen.
Flash Poll
Upcoming Live Events
September 28, 2017, Denver, CO
October 18, 2017, Colorado Convention Center - Denver, CO
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 2, 2017, 8 Northumberland Avenue – London
November 10, 2017, The Westin Times Square, New York, NY
November 30, 2017, The Westin Times Square
All Upcoming Live Events
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Could 5G Have Found Its Glass Ceiling?
Dan Jones, Mobile Editor, 9/20/2017
1 Million Pirate Set-Top Boxes Sold in the UK
Aditya Kishore, Practice Leader, Video Transformation, Telco Transformation, 9/20/2017
Why Amazon May Be Cable's Biggest Threat
Mari Silbey, Senior Editor, Cable/Video, 9/22/2017
Comcast Shuts Down OTT Again
Mari Silbey, Senior Editor, Cable/Video, 9/19/2017
T-Mobile, Sprint in Merger Talks, Again – Report
Iain Morris, News Editor, 9/20/2017
Animals with Phones
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed