Alvarion Falls to Lowest in Week as Revenue Falls, Loss Forecast

Alvarion Ltd. (ALVR) declined to the lowest in a week after the telecommunications-equipment maker reported a drop in fourth-quarter revenue and forecast a first- quarter loss.

The shares dropped 1.9 percent to 4.42 shekels, the lowest level since Feb. 7, at 4:08 p.m. in Tel Aviv.

Revenue declined 12 percent to $41.2 million as the company posted a $12 million net loss. It used $5.8 million in cash for its operations. Alvarion forecast a first-quarter loss per share of between 3 cents and 8 cents.

Alvarion “is continuing to deplete its cash reserves because of falling revenue” and is forecasting another loss, said David Levinson, an analyst at Bank Hapoalim Ltd. (POLI) in Tel Aviv.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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