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Subject:  Reduction of workforce Date:  6/12/2011  2:33 PM
Author:  newsreporter Number:  444 of 445

Alvarion reduces workforce by 38%

2010 was a difficult year for 4G access solutions developer Alvarion Ltd., with a 16.3% drop in revenue to $205.2 million and a GAAP-based net loss of $98.5 million, mainly due to write-offs on goodwill, according to its audited consolidated financial report for 2010 on Form 20-F filed with the US Securities and Exchange Commission (SEC) on Thursday.

In addition to the disap