Alvarion Spikes; Signs Deal For WiMax Network In Italy - Eric Savitz (Barron's)

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Alvarion Spikes; Signs Deal For WiMax Network In Italy
Jun 23, 2009 01:23 PM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
ALVR	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

Alvarion (ALVR) shares are trading sharply higher this morning after the company announced a deal with Aria S.P.A. to build a nationwide WiMax network in Italy. Terms of the deal were not announced. (In fact, this is one of the worst press releases I have ever seen, and trust me, I’ve seen a lot of them.) But nature hates a vacuum - and the Street seems to have decided this is a pretty impressive deal: ALVR this morning is up 65 cents, or 16.5%, to $4.60.

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