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Alvarion Ltd.
ALVR, today announced that, as a result
of the bankruptcy petition filed by Open Range Communication Inc., it
expects a one-time charge of approximately $7 million. It has not been
determined whether this charge will affect the financial statement for the
third quarter, which ended September 30, 2011, which will be reported on
November 2, 2011, or if the impact will appear in the fourth quarter results.
Alvarion was the turnkey network technology provider to ORC.
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