{"id":384,"date":"2009-01-20T06:16:42","date_gmt":"2009-01-20T13:16:42","guid":{"rendered":"http:\/\/www.telyas.com\/wordpress\/?p=384"},"modified":"2009-01-20T06:16:42","modified_gmt":"2009-01-20T13:16:42","slug":"airspans-exposure-to-nortel-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.telyas.com\/wordpress\/2009\/01\/20\/airspans-exposure-to-nortel-bankruptcy\/","title":{"rendered":"Airspan&#039;s exposure to Nortel Bankruptcy"},"content":{"rendered":"<p>Airspan has just released an update on <a href=\"http:\/\/www.snl.com\/irweblinkx\/file.aspx?IID=4099941&amp;FID=7230538\">Fourth Quarter and Nortel Exposure<\/a>:<\/p>\n<blockquote><p><span class=\"bodyTxt\">A preliminary review of fourth quarter 2008 results shows that total shipments in the fourth quarter<br \/>\n2008 amounted to approximately $19 million, of which WiMAX shipments during the quarter amounted to<br \/>\n$17 million. The Company expects to defer some revenue from these shipments during the normal<br \/>\nfinancial review process, which will impact the final fourth quarter and full year 2008 revenue<br \/>\nnumbers.<\/span><\/p><\/blockquote>\n<p>And $2.7 Million exposure to Nortel:<\/p>\n<blockquote><p><span class=\"bodyTxt\"><br \/>\nIn connection with Nortel&#8217;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&#8217;s bankruptcy filing. Collection of these receivables is uncertain and will be subject to Nortel&#8217;s bankruptcy proceedings. Nortel has informed Airspan that it wishes to continue purchasing goods and services from the Company<br \/>\n<\/span><\/p><\/blockquote>\n<p>I wish Alvarion (NASDAQ:ALVR) would be as transparent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.telyas.com\/wordpress\/2009\/01\/20\/airspans-exposure-to-nortel-bankruptcy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Airspan&#039;s exposure to Nortel Bankruptcy&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,32],"tags":[],"class_list":["post-384","post","type-post","status-publish","format-standard","hentry","category-business","category-wimax"],"_links":{"self":[{"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/posts\/384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/comments?post=384"}],"version-history":[{"count":0,"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/posts\/384\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/media?parent=384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/categories?post=384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/tags?post=384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}