Redline adjusts revenues downward

Canadian WiMAX vendor Redline adjusted its revenue outlook, cutting $6 million off forecasts for the second quarter. The vendor now expects revenue to come in around $9 million for the three months ended June 30. The vendor attribute to the shortfall to several reasons, including "a softening in the overall demand for WiMAX products based on the current 802.16d standards as operators consider whether or not to wait for the next generation of Mobile WiMAX technologies".

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