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
Related articles:
Alvarion: We want our money back from Nortel
Nortel's bankruptcy impacts Alvarion financial results
Alvarion to cut jobs, costs amid uncertain 2009