Wireless broadband vendor Alvarion reported a wider third-quarter loss thanks to slumping sales.
The vendor said it lost $7.5 million, or 12 cents per share, in the third quarter compared with a loss of $6.1 million, or 10 cents per share, during the same quarter in 2010. Alvarion's revenue dropped 13 percent to $47 million, from $54 million the previous year.
Alvarion President and CEO Eran Gorev said that the company is continuing to work on shifting away from a primary focus on WiMAX radio access network solutions to become a multi-technology wireless broadband solution provider.
To that end, the company announced it acquired Wi-Fi vendor Wavion for approximately $30 million in cash, including an assumed earn-out. Alvarion plans to leverage Wavion to provide carrier-grade Wi-Fi solutions. The vendor plans to combine Wavion's best-of-breed Wi-Fi platform with its RAN solution and recently acquired DAS (distributed antenna systems) capabilities to create a full suite of capacity and coverage solutions.
Last week, Alvarion introduced its BreezeCELL indoor capacity solution, based on TrueActive DAS technology, which was acquired via the purchase of Clariton Networks' IP-related assets earlier this year.
For more:
- see this release
- see this other release
Related articles:
Alvarion focuses on government, enterprise as path to profitability
Alvarion swings a profit in the second quarter thanks to higher sales, restructuring
Alvarion scores deal with India's BSNL for rural WiMAX network