Airspan Networks Inc.  (AIRN) Trade Now »     Rate AIRN  -  Discuss AIRN  -  Add to Watch List        

Airspan Networks covers a lot of ground with its products. The company makes fixed wireless access systems that enable service providers to set up voice and data communications networks in areas where laying new phone or data lines is not practical.

MACD - below both signal line and the 9-day moving average

Well, you can now officially stop paying attention to Airspan Networks (AIRN).

The WiFi equipment provider late yesterday said it will voluntarily de-list its shares from Nasdaq, and also de-register the stock from SEC compliance with filing requirements. The stock is moving to the pink sheets. Why is the coming basically going into hiding? Because the costs of staying a reporting company with a Nasdaq listing are simply too high for a floundering company with a tiny market cap.

So long, Airspan.

AIRN today is off 10.2 cents, or 54%, to 8.55 cents.

The biggest beneficiaries of today’s news that Clearwire (CLWR) is combining forced with Sprint (S) on a nationwide WiMax network just might be the shareholders of WiMax hardware maker Airspan Networks (AIRN). The stock today jumped 40 cents, or 55.6%, to $1.12.