Alvarion's Recovery Act Ready
5:15 PM -- Alvarion Technologies Ltd. (Nasdaq: ALVR) is optimistic about the deals that could come its way in the U.S. that are funded by the American Recovery and Reinvestment Act. (See Recovery Act: A WiMax Windfall, Alvarion Lands Largest Gov't-Backed WiMax Deal, and Recovery Act: The Undecided Remain.)
On the WiMax vendor's second-quarter results conference call today, out-going president and CEO Tzvika Friedman said Alvarion was well placed to win business from the Recovery Act. "The guidelines favor our customer base and we could have orders as early as the first quarter next year," he said. (See Alvarion Seeks New CEO and Alvarion Reports Q2.)
Friedman announced today that he would resign but stay in the job until his replacement is hired. He said his decision to leave was primarily based on a desire to "reconnect with his family."
The WiMax vendor has also beefed up its global sales channel by adding Nokia Networks as a reseller, which Light Reading first reported earlier this month. (See NSN: Alvarion's New WiMax Buddy and NSN Backs Away From WiMax.)
— Michelle Donegan, European Editor, Unstrung