ALVR - Alvarion Ltd.(formerly BRZE) Message Board

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Technology Stocks : ALVR - Alvarion Ltd.(formerly BRZE)

ALVR 4.730

-3.3%

Oct 21 3:59 PM EDT

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To: Jibacoa who wrote (322)	7/30/2008 12:00:47 PM
From: Jibacoa	of 341

Planning to buy back shrs ? <g> Tel Aviv, Israel July 30,2008 —Alvarion Ltd. (NASDAQ: ALVR), the world’s leading provider of WiMAX™ and wireless broadband solutions, announced today that its Board of Directors has authorized the use of up to $30 million of the Company’s available cash to repurchase shares of the Company. The purchases may be made from time to time in the open market at the discretion of the Company's management, subject to market conditions, share price, trading volume and other factors. No time limit was set for the repurchase program and the program may be suspended from time to time or discontinued. Under Israeli law, the program requires prior court approval. Accordingly, the Company will file an application with the Israeli court to approve the repurchase by the Company. The Company expects to receive the court’s decision in two to three months. “The planned share repurchase program, represents a good use of our capital and demonstrates our confidence in Alvarion’s long-term prospects and our commitment to enhance shareholder value,” said Tzvika Friedman, President and CEO of Alvarion.

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