{"id":635,"date":"2009-07-29T23:11:53","date_gmt":"2009-07-30T06:11:53","guid":{"rendered":"http:\/\/www.telyas.com\/wordpress\/?p=635"},"modified":"2009-07-29T23:11:53","modified_gmt":"2009-07-30T06:11:53","slug":"alvarion-ceo-resigned","status":"publish","type":"post","link":"https:\/\/www.telyas.com\/wordpress\/2009\/07\/29\/alvarion-ceo-resigned\/","title":{"rendered":"Alvarion CEO resigned"},"content":{"rendered":"<p><a href=\"http:\/\/www.telyas.com\/wordpress\/wp-content\/uploads\/2009\/02\/logo_alvarion.gif\"><img decoding=\"async\" class=\"alignright size-full wp-image-474\" title=\"Alvarion Logo \" src=\"http:\/\/www.telyas.com\/wordpress\/wp-content\/uploads\/2009\/02\/logo_alvarion.gif\" alt=\"Alvarion Logo \" \/><\/a><\/p>\n<p>Tzvika Friedman, Alvarion (Nasdaq: ALVR) announced his resignation on the same day the company announced 2009 Q2 results. Coincidence?<\/p>\n<p>To me, it is very surprising that a CEO and a president steps aside without the board announcing who will replace him. Market reacted to both results and resignation with a 16% plunge in the share price to $3.96, bringing Alvarion Market Capitalization to about $250M.<\/p>\n<p>Israeli financial website <a href=\"http:\/\/www.calcalist.co.il\/markets\/articles\/0,7340,L-3337162,00.html\">Calcalist<\/a> published their analysis and history of the company.\u00a0 Main highlights:<\/p>\n<ol>\n<li>9 years after NASDAQ IPO Alvarion fails to become profitable<\/li>\n<li>Failed Interwave acquisition for $56M, later sold, which resulted in a major loss.<\/li>\n<li>Cisco preferred to buy Navini Networks over Alvarion. (My comment: Not sure how successful was the Navini acquisition)<\/li>\n<li>$0 Dividends<\/li>\n<li>-89% Share price<\/li>\n<li>Since IPO, Accumulated loss of $183M<\/li>\n<\/ol>\n<p>I think Alvarion has the right products for their market, but will they ever become profitable?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tzvika Friedman, Alvarion (Nasdaq: ALVR) announced his resignation on the same day the company announced 2009 Q2 results. Coincidence? To me, it is very surprising that a CEO and a president steps aside without the board announcing who will replace him. Market reacted to both results and resignation with a 16% plunge in the share &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.telyas.com\/wordpress\/2009\/07\/29\/alvarion-ceo-resigned\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Alvarion CEO resigned&#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],"tags":[],"class_list":["post-635","post","type-post","status-publish","format-standard","hentry","category-alvarion"],"_links":{"self":[{"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/posts\/635","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=635"}],"version-history":[{"count":0,"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/posts\/635\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/media?parent=635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/categories?post=635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.telyas.com\/wordpress\/wp-json\/wp\/v2\/tags?post=635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}