Alvarion: No waning interest in WiMAX, just no financing

Alvarion reported a jump in revenue from its WiMAX business but continued to post a net loss in the first quarter. The vendor reported a net loss of $852,000, or 1 cent per share, compared with a net loss of $601,000, or 1 cent per share, the year-ago period.

"We have not seen any diminished interest in WiMAX as a technology, but we have seen projects delayed due to availability of financing" and as well-funded companies conserve cash, President and Chief Executive Tzvika Friedman said in a statement

Revenue reached $67.9 million from $67.2 million, while revenue from the WiMAX business increased 29 percent in the quarter to $50.9 million. Alvarion expects a loss of 3 cents to 9 cents a share, or an adjusted loss of 1 cent to 7 cents. Revenue should come in between $54 million and $62 million.

For more:
- see MarketWatch

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