Alvarion is an interesting company mostly because it is hard to figure out why they are not doing better than they are. It would appear that since Hezi Lapid has taken the helm he is beginning to right the floundering ship. Alvarion's Second Quarter 2012 Earnings Release and Conference Call Scheduled for August 1, 2012 was announced well in advance of the meeting so perhaps this will build some interest.
USA: +1 800 230 1092; International: +1 612 288 0340
I first became aware of the company from an article by Mark Gomes on Seeking Alpha- http://seekingalpha.com/article/512651-is-alvarion-prepping-itself-to-be-acquired . Mark makes an interesting and compelling argument:
excerpt from the Mark Gomes article:
Thursday morning, Alvarion (ALVR) announced the hiring of Hezi Lapid who replaces Eran Gorev as its CEO. For ALVR shareholders, Lapid's background paints an interesting picture of what's in store for Alvarion. Specifically, Pipeline Data believes that this move sets Alvarion up to be acquired. Here's why:
Hezi Lapid was most recently the CEO of Axerra. In October 2010, Axerra was acquired by DragonWave (DRWI). Prior to that, Lapid was the CEO of Innowave. Interestingly enough, that company was purchased in February 2003 by Alvarion. Thus, we establish Lapid's propensity for leading companies to acquisiton. just as important, a deep dive shows that buyers have been quite pleased with what Lapid has sold them.
In the case of Innowave, our research found that many Alvarion insiders credited Lapid and Innowave with ALVR's success in 2003. The impact on ALVR's stock was spectacular. During Lapid's only year at ALVR, its stock rose by 800%, culminating in a 2004 high of $17 per share. Since his departure, the shares have steadily fallen.
Motley Fool still has ALVR at 4 stars and huge numbers of outperform ratings even with the steady drop of the stock since 2004's $17 per share. Yes that is not a typo.
Who we are **** from http://www.alvarion.com/
21A HaBarzel Street
PO Box 13139
Tel Aviv, 61131
Phone: 972 3 645 6252
Fax: 972 3 645 6222
Web Site: http://www.alvarion.com Israel Economics:
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