Airspan's exposure to Nortel Bankruptcy

Airspan has just released an update on Fourth Quarter and Nortel Exposure:

A preliminary review of fourth quarter 2008 results shows that total shipments in the fourth quarter
2008 amounted to approximately $19 million, of which WiMAX shipments during the quarter amounted to
$17 million. The Company expects to defer some revenue from these shipments during the normal
financial review process, which will impact the final fourth quarter and full year 2008 revenue
numbers.

And $2.7 Million exposure to Nortel:


In connection with Nortel’sJanuary 14th, 2009 bankruptcy announcement, Airspan has outstanding receivables with Nortel in the amount of approximately $2.7 million for products and services delivered and billed through the date of Nortel’s bankruptcy filing. Collection of these receivables is uncertain and will be subject to Nortel’s bankruptcy proceedings. Nortel has informed Airspan that it wishes to continue purchasing goods and services from the Company

I wish Alvarion (NASDAQ:ALVR) would be as transparent.

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