Last 222.00
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Tel Aviv
As of 10:24 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

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10/2/13 - $408.90
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09/24/13 - $200.00
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alvarion ltd (ALVR) Details

Alvarion Ltd. engages in the design, development, manufacture, and marketing of wireless products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers broadband wireless applications for various enterprise markets, providing owners and operators of public networks, private networks, utility companies, and municipalities with broadband connectivity and applications. It also sells worldwide interoperability for microwave access (WiMAX) and Wi-Fi solutions with various applications, including point-to-point and point-to-multipoint. In addition, the company provides solutions for mobile service providers consisting of Wi-Fi networks for off-loading of mobile data traffic from 3G/4G networks. Further, it offers outdoor WiFi applications, such as access, backhaul, customer premises equipment, management, and service provisioning tools for metro and rural areas. The company provides solutions that cover a range of frequency bands with fixed and mobile solutions enabling the delivery of business and residential broadband access, corporate virtual private network, toll quality telephony, mobile base station feeding, hotspot coverage extension, community interconnection, public safety communications, and mobile voice and data. Alvarion Ltd. sells its products indirectly through distributors, as well as directly to end users. The company was formerly known as BreezeCOM Ltd. and changed its name to Alvarion Ltd. as result of merger with Floware Wireless Systems Ltd. in August 2001. Alvarion Ltd. was founded in 1992 and is headquartered in Tel Aviv, Israel.

356 Employees
Last Reported Date: 05/15/13
Founded in 1992

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alvarion ltd (ALVR) Key Developments

Alvarion (in Receivership and Liquidation) Announces NASDAQ Filing Of Form 25

Alvarion(R) Ltd. (in receivership and liquidation) announced that the NASDAQ Stock Market (NASDAQ) issued a press release indicating that NASDAQ will file a Form 25 with the U.S. Securities and Exchange Commission, to complete the delisting of the Company's ordinary shares. NASDAQ's announcement follows the NASDAQ Listing and Hearing Review Council's decision, previously announced by the Company on August 11, 2014, to delist Alvarion's ordinary shares. The delisting shall become effective ten days after the Form 25 is filed.

Alvarion (in Receivership and Liquidation) Announces NASDAQ Decision To Delist the Company

Alvarion(R) Ltd. (in receivership and liquidation) announced that it has been advised that the NASDAQ Listing and Hearing Review Council (Review Council) determined to delist the Company's securities from The NASDAQ Global Market. The Company had previously obtained an extension from the Review Council within which to evidence compliance with the applicable requirements for listing on NASDAQ, which expired on July 12, 2014 without the Company's satisfaction of these requirements. The Company's securities have been quoted on the OTCQB market since January 16, 2014 and, although the Company can provide no assurances, it expects that its securities will continue to trade OTC going forward. Trading in the Company's shares on the Tel Aviv Stock Exchange continues to be suspended.

Alvarion (in Receivership and Interim Liquidation) Provides Update Regarding TASE Listing

Alvarion(R) Ltd. (in receivership and interim liquidation) announced that by letter dated February 10, 2014, the company was notified that the Board of Directors (BOD) of the Tel Aviv Stock Exchange (TASE) has determined, that in light of the trading suspension in the company's ordinary shares on NASDAQ and in accordance with the TASE's rules, trading in the company's ordinary shares on the TASE will continue to be suspended. Furthermore, if the company's ordinary shares are delisted from NASDAQ, the suspension of the trading in the company's ordinary shares on the TASE will continue due to the receivership proceedings.If conditions to renew trading on the TASE will not be met within 24 months from the commencement of the suspension of trading on the TASE (namely, by January 15, 2016), the company's ordinary shares will be delisted from the TASE, without further deliberation by the TASE BOD. Prior to being delisted from TASE, the TASE will allow for four (4) days of trading, unless the general manager of the TASE, or his/her representative, decides otherwise.


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