Alvarion released today their results for Q1, 09.
I don’t want to repeat the press release , but comment:
“We achieved results within the range of our guidance. This was attributable to a combination of revenue recognition related to earlier shipments and decisive steps to reduce operating expenses since shipments and order intake were below our expectations”
Everyone knows the trick of shipping equipment at the end of the quarter to get them recognized as revenues, but I am not sure what are the decisive steps that reduced operating expenses. Do you mean the lay-offs?
“However, we expect revenues in Q2 to be sequentially lower because we will have less revenue to recognize from shipments made during previous quarters compared to Q1”.
OK, saw that coming from the previous quote.
” we have an overall backlog of orders plus unrecognized revenue from prior shipments totaling over $100 million”
Nortel?
“we are well positioned to take market share from weak competitors”
Airspan?
Overall, quite good, isn’t it?