$ALVRQ: Alvarion......... Awesome WEBSITE !!!!!
The Avidity product series comprises indoor and outdoor platforms. An evolution of Alvarion’s high-performance outdoor Access Point, the Avidity series is both compliant with IEEE 802.11ac and backwards-compatible with 802.11a/b/g/n. Our product evolution allows us to provide sustainable solutions that can handle today’s capacity and performance needs.
Low volume sell off. Seldom buy stocks that end in Q.
Try reading the previous post!
Alvarion appoints CEO, to hire new employees
Valley Telecom owner Jorge Pinievsky: I do not think that employees will be deterred by Alvarion's dismal jobs history.
24 November 13 19:09, Shiri Habib-Valdhorn
Communications equipment maker Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) is showing signs of recovery. After falling into receivership and being sold to Valley Telecom Ltd., the company has appointed a CEO and is hiring. Sources inform ''Globes'' that the CEO who has been chosen is Giora Levy, the COO of Ness Technologies Ltd. He previously held procurements and logistics positions at Ness, superDimension Ltd. and Comverse Inc. (Nasdaq: CNSI).
Valley Telecom owner Jorge Pinievsky confirmed the report. When Levy takes up his post, Piniesky will become chairman of Alvarion. "The company's policy has been outlined, and the work team will execute it. The entire Alvarion team is pulling together," he said.
Alvarion wants to hire developers and salespersons experienced in its area of business. In addition, Mobile Tornado Ltd., which Pinievsky co-founded is in talks with its investors, and is hiring developers and salespersons. Pinievsky says that the companies plan to hire 10-15 employees each. He does not think that employees will be deterred by Alvarion's dismal jobs history. "We had a management failure here. The company now has good sales. I cannot say that all the customers have come back, but many are showing confidence. We have millions in orders, and a very good feeling," he said.
Valley Telecom acquired Alvarion, which has a market cap of $4 million, for NIS 38 million. In December, the court will hold a hearing on the company's debt settlement.
Published by Globes [online], Israel business news - www.globes-online.com - on November 24, 2013
Alvarion (in Receivership) Provides Update on Company's Creditors' Plan of Settlement
Wednesday 13 November 2013
Alvarion® Ltd. (in receivership) (Nasdaq:ALVR) announced today that the District Court of Tel Aviv – Yaffo held a hearing regarding the creditors' plan of settlement which was submitted to the Court on November 6, 2013.
Under the plan, the Company's creditors will receive NIS 12.2 million of the proceeds from the sale of the Company's assets as stipulated in the asset sale agreement and will be issued Company shares constituting 15% of the Company's share capital. The proposed creditors' plan of settlement is subject to certain conditions, including approval by a creditors' meeting and the continued listing of the Company on NASDAQ and the Tel Aviv Stock Exchange after January 13, 2014. In order to meet this condition and remain listed, the Company must emerge from bankruptcy proceedings and demonstrate compliance with all applicable requirements for initial listing on NASDAQ by that date.
At a preliminary hearing held on November 11, 2013, the Court approved payment to Silicon Valley Bank, a secured lender, as well as advance payments to the Company's employees.
The court has scheduled another hearing to further discuss the proposed creditors' plan of settlement for December 2, 2013.
hope ya booked some profits over a buck
Alvarion jumps ahead of Nasdaq delisting hearing
The share price rose 39% on Monday, ahead of Nasdaq's hearing on the company's appeal against its delisting on Thursday.
1 October 13 14:51, Shiri Habib-Valdhorn
The share price of Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) has been on a rollercoaster of late, with double-digit gains or losses in response to developments at the company, or sometimes for no reason at all. It happened again on Monday, when the share rose 39% on Nasdaq to $0.81, giving a still modest market cap of $5 million. The share rose 24.4% by mid-afternoon on the TASE today to NIS 3.12.
Speculators were apparently behind yesterday's rally in the share.
The sale of Alvarion by its receiver to Valley Telecom Ltd. for NIS 38 million in August was a positive move as far as Alvarion's customers and employees were concerned. Its new owner will now try to stabilize the company and find a new CEO, while the receiver, Yoav Kfir, will continue to seek a debt settlement to submit to the court for approval.
One of Kfir's tasks is to appeal Nasdaq's decision to delist the company from trading on the Nasdaq Capital Market. The hearing, originally scheduled for September, will be held on Thursday, October 3. Kfir and Valley Telecom owner Jorge Pinievsky have flown to New York to try and persuade Nasdaq not to delist Alvarion.
Published by Globes [online], Israel business news - www.globes-online.com - on October 1, 2013
Hola! Bought in @ .82 yesterday. Gapping nicely this morning!
Alvarion (in Receivership) Provides Update on Status of Receivership
ROSH HAAYIN, Israel, Sep 18, 2013 (GLOBE NEWSWIRE via COMTEX) -- Alvarion Ltd. (in Receivership) ALVR -5.22% , a global provider of optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of public and private networks, announced today that Valley Telecom Ltd. has made the first payment of NIS 12.5 million in accordance with the court-approved sale of the Company's assets to Valley Telecom.
Following this payment, Valley Telecom has assumed the management and financing of the Company's operations and the court-mandated operating plan had ended.
As previously announced, on September 4, 2013, the District Court of Tel Aviv - Yaffo approved the sale of Alvarion's (in receivership) assets to Valley Telecom for no less than NIS 38 million. Subsequent payments shall be made no later than the end of 2014.
In addition, a creditors plan and settlement will be submitted to the Court by October 2, 2013. Creditors' meetings will be held no earlier than 14 days thereafter.
Valley Telecom has acted on behalf of Alvallytech Ltd. in this transaction.
Alvarion (in Receivership) NASDAQ Delisting Hearing is Postponed to a Future Date
Today : Tuesday 10 September 2013
Alvarion® Ltd. (in Receivership) (Nasdaq:ALVR), a global provider of optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of public and private networks, announced today that due to personal circumstances of a key participant in the delisting hearing, Nasdaq has agreed to postpone the hearing, previously scheduled for September 11, 2013, to a future date. The Company shall issue a public announcement of the new hearing date once determined.
Refusing to die!!!
So what exactly does this mean for share holders of common stock?
Alvarion (in Receivership) Receives Court Approval for Sale to Valley Telecom
ROSH HA'AYIN, Israel, Sep 04, 2013 (GLOBE NEWSWIRE via COMTEX) -- Alvarion Ltd. (in Receivership) ALVR -0.97% , a global provider of optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of public and private networks, announced today that Mr. Yoav Kfir, the court-appointed Receiver, has received the approval of the District Court of Tel Aviv - Yaffo for the sale of Alvarion's assets to Valley Telecom Ltd.
Following the Court hearing held on September 2 a second round of negotiations was executed, and the Court approved a revised proposal submitted by Valley Telecom. Valley Telecom will pay for the Company's assets no less than NIS38 Million. An initial payment of NIS12.5 Million will be made on September 15 and at that time Valley Telecom will take over the Company's operations. The balance of the payment shall be made no later than the end of 2014. In addition, a creditors plan and settlement will be submitted to the Court by October 2, 2013 and published in Israeli newspapers. Creditors' meetings will be held no earlier than 14 days after the publication. If the creditors' plan and settlement is approved before January 30, 2014, it will result in an additional payment by Valley Telecom of NIS6.25 Million, and the issuance to the Receiver of shares representing 15% of the Company's outstanding ordinary shares, post settlement.
Alvarion (in Receivership) Announces That the Court Granted Two Motions Regarding: Continued Operations and the Nasdaq Appeal Process
ROSH HAYAIN, Israel, Sep 01, 2013 (GLOBE NEWSWIRE via COMTEX) -- Alvarion Ltd. (in Receivership) ALVR -10.14% , a global provider of optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of public and private networks, announced today that the court granted two motions submitted by Mr. Yoav Kfir, the court-appointed Receiver, as follows:
-- Motion to continue the process of appeal to Nasdaq for continued listing of the Company's shares, and for that purpose incur additional expenses and make payments to advisors.
-- Motion to extend the ongoing operation of the Company, through September 15, 2013. This extension will allow for the orderly completion of the sale of the Company to Valley Telecom (subject to the Court's approval), and will give Valley Telecom time to assume the management and financing of the Company's operations commencing on September 15, 2013.
If you can have 75% of the new market cap for $500'000 and the current shares worth are 10% of the new shares amount it entails the current shares (9.3M) are worth less than 1 cent per share!!!
This is a STRONG SELL to say the least!
Maybe ALVR has some legs today
interesting events with the news for shareholders IMO not bad news as the commons live although diluted
nis 2.17 to dollar is .60 so the markets are equal
FWIW, in TASE ALVR at this moment is down 11%
Valley Telecom is paying only $500K for 75% of stock. Existing stock will be end up being only 10% of total stock. Doesn't that answer your question?
what is the expectation for tomorrow up or down?
Alvarion (in Receivership) Requests Court to Approve Sale of Certain Assets and Controlling Interest of the Company
Court Grants Motion to Extend Company's Operating Plan Until August 30, 2013
ROSH HAYAIN, Israel, Aug 25, 2013 (GLOBE NEWSWIRE via COMTEX) -- Alvarion Ltd. (in Receivership) ALVR -7.95% , a global provider of optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of public and private networks, announced today that Mr. Yoav Kfir, the court-appointed Receiver, submitted a motion to the District Court of Tel Aviv - Yaffo requesting the Court to approve the sale of the Company and certain assets to Valley Telecom Ltd.
Valley Telecom offered to buy the Company's assets and activity, excluding its patents, for an immediate payment of $1.5 million, plus milestone payments of a minimum of $1.8 million payable within 12 months. Additional payments, above the guaranteed $1.8 million, will be received, subject to the sale by Valley Telecom of the Company's existing inventory and the collection of accounts receivables. The court-appointed Receiver expects the value of these assets, and consequently the milestone payments to be received from Valley Telecom, to be higher than the minimum agreed payment of $1.8 million.
Separately, Valley Telecom offered to pay $0.5 million for newly-issued shares representing 75% of the Company's outstanding ordinary shares. Under the terms of the offer, the court-appointed Receiver will receive newly-issued shares representing 15% of the Company's outstanding ordinary shares, while the Company's existing ordinary shares (total of approximately 9.3 million shares) will be diluted to represent 10% of the Company's outstanding ordinary shares.
Of the four offers submitted during the bidding process, the court-appointed Receiver believes that the offer made by Valley Telecom is the superior one and is therefore asking the Court to approve it, or alternatively schedule an emergency hearing on the matter, to be held by August 29, 2013.
In addition, the court-appointed Receiver will continue his efforts to separately sell the Company's patents. To date, an offer has already been received from Wi-LAN Inc. to acquire the Company's patents for approximately $0.6 million.
The court-appointed Receiver estimates that these offers will enable the repayment of approximately 50% of the Company's debt that, based on information received by the court-appointed Receiver from the Company, amounts to a total of $23 million.
Separately, the Court granted the court-appointed Receiver's motion submitted on August 22, 2013, to extend the Company's operating plan until August 30, 2013, to allow the continued business operation of the Company.
they extended deadline till friday next week
I think somebody is going to buy them out!
Monday was a good exit for me. On the prowl today and tomorrow for some more. I believe Friday is the final deadline for bids and we should finally hear something soon. Delisting hearing Aug. 23. http://finance.yahoo.com/news/alvarion-receivership-provides-status-receivership-144500718.html
Going to try for .71 today
Hoping to be able to hit the bottom
If that don't look good maybe .65
Acquisition offers boost Alvarion shares by 40%
Bankrupt Israeli company’s stock has risen 500% on the TASE in recent days, as several companies make offers to restart operations.
You have to really watch the Israeli news for clues to this one
I feel News is gonna hit
I just don't know if it will be good or bad..
To me after wasting the last 24 hours watching this I don't think at this point its worth my risk
Maybe that's what "they" want me to think..
Great now I am playing trade games with myself ... LOL
Big block just bought!
Alvarion Ltd. provides optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of telecom operators, smart cities, security, and enterprise customers. Our innovative solutions are based on multiple technologies across licensed and unlicensed spectrums.
Multiple frequencies, networks, applications, topologies, and environments
RAN expertise from standards development to specialized applications and years of field experience in relevant technologies including Wi-Fi and 4G
Over three million wireless broadband links deployed worldwide
Sharing best practices, business tools, and global experience
Alvarion is in a key position to enable our customers to meet growth opportunities in the marketplace with an offering that will address the increasingly complex requirements of wireless broadband networks for years to come.
Broadband Wireless Access Solutions
For Broadband Operators and Providers using 4G RAN in Licensed & Unlicensed frequencies
Private Network Solutions
For Enterprises, Businesses and Verticals using unlicensed Wi-Fi and WiMAX frequencies
Carrier-grade Wi-Fi Solutions
For Mobile Carriers and Enterprises using unlicensed frequencies
Alvarion is at the forefront of technology innovations with over 15 years of OFDM and IP innovation. Alvarion has a track record of repeated innovations:
IP Wireless Broadband
Alvarion introduces true IP wireless broadband in the first BreezMAX product
Alvarion becomes one of the first vendors to produce a commercial WiMAX solution
Products Alvarion is an influential contributor to the standard and develops its own line of 802.16e Mobile WiMAX products
ASIC with Wi-Fi Beamforming
The industry’s first ASIC with Wi-Fi Beamforming and SDMA technology 802.11g is introduced by Alvarion
4G TDD OFDM
Alvarion develops 4G TDD OFDM solutions for the marketplace
CATV DAS Overlay
Alvarion develops patented CATV DAS overlay to reduce installation complexity and costs
Interference Immunity Catering to market needs, Alvarion develops a unique interference immunity
suite to reduce noisy environments in unlicensed spectrum
Beamforming 802.11n 3x3:3
Alvarion launches the industry’s first two-way Beamforming 802.11n 3x3:3 base station