WiMax is Alive: Alvarion(ALVR) Inks Tier-1 Deal
Written by: Aaron Katsman | December 19, 2007
Aaron Katsman
www.IsraelNewsletter.com
As my buddy Zack“Facebook” Miller posted exactly 2 weeks ago, Alvarion(ALVR) today announceda huge win, inking a deal with a “Tier-1″ player. That player is expected to be France Telecom and the deal is estimated to be in the $20 million range. Here at IOI we continue to be positive about the technology and the 2 major Israeli players, Alvarion and Ceragon Networks(CRNT).
You just have to love these little Israeli companies and their innovation. Just when you think the end is near, Bang, they sign a major deal.
With the recent weakness in both stocks, these 2 could be big winners in ‘08.
Disclosure: Author’s fund holds a position in ALVR and is long the stock as of 12/19/07.
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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.
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