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Alvarion Gains to Highest Since October as U.S. Stock Gains

Dec. 13 (Bloomberg) -- Alvarion Ltd. surged to the highest level since October following a gain in the telecommunication-equipment maker’s U.S. shares yesterday.

The shares rose 8.2 percent to 3.993 shekels, or the equivalent of $1.06, the highest level since Oct. 31 at the 4:30 p.m. close in Tel Aviv. The U.S.-traded shares rose 6.2 percent to $1.03.

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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