{"id":399,"date":"2009-01-29T22:21:19","date_gmt":"2009-01-30T05:21:19","guid":{"rendered":"http:\/\/www.telyas.com\/wordpress\/?p=399"},"modified":"2009-01-29T22:21:19","modified_gmt":"2009-01-30T05:21:19","slug":"alvarions-exposure-to-nortel-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.telyas.com\/wordpress\/2009\/01\/29\/alvarions-exposure-to-nortel-bankruptcy\/","title":{"rendered":"Alvarion&#039;s exposure to Nortel Bankruptcy"},"content":{"rendered":"<p>A week after <a href=\"http:\/\/www.telyas.com\/wordpress\/2009\/01\/20\/airspans-exposure-to-nortel-bankruptcy\/\">Airspan published a warning<\/a> , Alvarion is providing <a href=\"http:\/\/www.alvarion.com\/presscenter\/pressreleases\/180173\/\">some information<\/a>, financial and strategic impacts following Nortel&#8217;s bankruptcy.<\/p>\n<ol>\n<li>The strategic alliance and joint project are canceled<\/li>\n<li>Collection of payments for (1) are uncertain<\/li>\n<li>About $2.4 Million cannot be recognized for Q4, 2008.<\/li>\n<\/ol>\n<blockquote><p><span style=\"font-family: Verdana; font-size: x-small;\">Alvarion now expects a Q4 GAAP net loss of approximately ($4.9) million, or approximately ($0.08) per share, including a restructuring charge of approximately $3.4 million or $0.06 per share for the quarter, related to the cost reduction initiatives announced on December 8, 2008.<\/span><\/p><\/blockquote>\n<p>As for revenues:<\/p>\n<blockquote><p><span style=\"font-family: Verdana; font-size: x-small;\">&#8220;total revenues for the fourth quarter ended December 31, 2008, are expected to be approximately $70 million, at the low end of the Company\u2019s revenue guidance of $70 to $78 million&#8221;<\/span><\/p><\/blockquote>\n<p><span style=\"font-family: Verdana; font-size: x-small;\">Alvarion stock (NASDAQ: ALVR) went down yesterday 5.57% Before this press release.<br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A week after Airspan published a warning , Alvarion is providing some information, financial and strategic impacts following Nortel&#8217;s bankruptcy. The strategic alliance and joint project are canceled Collection of payments for (1) are uncertain About $2.4 Million cannot be recognized for Q4, 2008. Alvarion now expects a Q4 GAAP net loss of approximately ($4.9) &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.telyas.com\/wordpress\/2009\/01\/29\/alvarions-exposure-to-nortel-bankruptcy\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Alvarion&#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":[33,6,32],"tags":[188,115],"class_list":["post-399","post","type-post","status-publish","format-standard","hentry","category-alvarion","category-business","category-wimax","tag-alvarion","tag-nortel"],"_links":{"self":[{"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/posts\/399","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=399"}],"version-history":[{"count":0,"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/posts\/399\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/media?parent=399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/categories?post=399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/tags?post=399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}