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Wednesday, June 11, 2008

Alvarion Cuts Deal On WiMax With Nortel; Stock Jumps

Alvarion (ALVR) shares are on the rise in pre-market trading after the company announced a deal to combine forces with Nortel (NT) in the WiMax market. The two companies said that have “a joint strategic WiMAX agreement to create an end-to-end WiMAX solution to meet the needs of the evolving wireless broadband market.” The companies said that their joint solution “features the integration of Alvarion’s advanced radio access network technology, which has been proven in over 200 commercial WiMAX

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