Alvarion postponed publication of its fourth quarter report, "due to ongoing negotiations to sell its licensed carrier business."
20 February 13 10:26, Globes' correspondent
Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR) has postponed the publication of its fourth quarter and full-year financial report for 2012 and conference call, scheduled for today, "due to ongoing negotiations to sell its licensed carrier business." The company has rescheduled the publication of its financials to March 6.
The analysts' consensus is that Alavarion will report a loss per share of $0.08 on $26.5 million revenue for the fourth quarter and a loss per share of $0.38 on $120.7 million revenue in 2012.
In January, "Globes" reported that Alvarion was holding talks to be sold to US security solutions provider DVTel Inc. for $50 million, while it was simultaneously in talks to sell its WiMAX division to Israeli private equity fund Fortissimo Capital for a few million dollars.
not looking good at all - for a company that announced it's own sale the share price is looking very dull.....and as for this message board, once upon a time it would have been flooded with comments....
I totally disagree with your assumption. IMO, the stock is not rocketing up because the full details are not clear - but if what was previously discussed is true, I expect the stock to go significantly higher then "hanging around" the 54c area. Add up the book value, include a reasonable (or even unreasonable) offer for the Wimax biz, and you are already well over 54c before even valuing the "good stuff" that would be of interest to many parties. JMHO, but I think you will see mid 50's blown away when the details become clear.