Alvarion Revises Q4, FY07 Prior Results - Quick Facts

Posted on Thursday, April 03, 2008 3:22 PM

(RTTNews) - Alvarion Ltd. (ALVR) said that an agreement between the company and ADC Telecommunications Inc. will result in favorable changes to Alvarion's results of operations for the fourth quarter and full year 2007. The agreement related primarily to payment of notes from LGC Wireless Inc after LGC was acquired by ADC in November 2007. As a result of these adjustments, revised GAAP net income for the fourth quarter of 2007 is $12.4 million or $0.19 per share, compared to previously announced fourth quarter of 2007 GAAP net income of $4.1 million, or $0.06 per share. Revised GAAP net income for 2007 is $12.5 million or $0.19 per share compared to previously announced GAAP net income of $4.2 million or $0.06 per share. For comments and feedback: contact editorial@rttnews.com