Day: January 6, 2009

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Airspan up 100%

Airspan Network (NASDAQ: AIRN) stock has soared 100% from 0.12 to 0.25. Not associated with a press release or any other public news, this is a bit strange.It happened in the last hour of Yesterday’s trading day with about 1Million stocks exchanging hands.

Two options:

  1. Something good happened, and an Insider (or a friend of an Insider) purchased stocks.
  2. Stock Manipulation by a day trader.

Let’s see what happens today.

Disclaimer:I am no longer an Airspan employee, my views expressed in this Blog are mine and are not based on any Information I acquired while working at Airspan.

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Alvarion Wins VMAX Telecom deal?

Alvarion released today that they have signed a contract with VMAX Telecom. According to the PR:

Alvarion to supply more than US$12 million worth of WiMAX equipment and services for the first phase of project.

First, congratulation to Alvarion, but I am a bit baffled as a quick search returned that VMAX Telecom selects Samsung for WiMAX rollout

The contract is for 200 base stations and related equipment and has a valuation of between TWD400 million and TWD500 million (USD12-15 million)

So, who gets these US$12 million?