SmarTrend is bullish on shares of ALVR and our subscribers received an Uptrend alert on April 01, 2009 at $3.29, which has returned 15.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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Expected next investor conference call information:
Conference Call Date: 11/4/2009
Conference Call Time (ET): 9:00 AM
Conference Call URL: http://www.alvarion.com/index.php/en/investors/webcasts

Expected next investor conference call information:
Conference Call Date: 11/4/2009
Conference Call Time (ET): 9:00 AM
Conference Call URL: http://www.alvarion.com/index.php/en/investors/webcasts

-- Selected as vendor to Clearwire International

-- Implementing turnkey projects in U.S., Taiwan, Italy and Kenya

-- Two new customer wins through expanded NSN partnership

-- Introduced outdoor macro base station and WiMAX solution for license exempt frequencies

Q3 Financial Highlights:

-- Returned to Non-GAAP Profitability in Q3 and Year-to-Date Results

-- Revenues stable sequentially

-- GAAP net loss of ($0.02) per share; Non-GAAP net income of $0.00 per share

-- WiMAX shipments down 4% sequentially to $37.5 million, reflecting project delays

-- WiMAX revenues down 10% sequentially to $40.5 million

-- Order pattern continues gradual improvement

In the third quarter of 2009, total revenues were $58.4 million, a decrease of 0.6% from $58.7 million in the second quarter of 2009, and a decrease of 21% from $74.3 million in the third quarter of 2008.

GAAP net loss in the third quarter of 2009 was ($1.0) million, or ($0.02) per share, compared to net loss of ($4.0) million, or ($0.06) per share in Q2 2009. GAAP net income in the third quarter of 2008 was $0.8 million, or $0.01 per share.

Excluding the amortization of intangibles, stock based compensation expenses and other charges, net, on a non-GAAP basis, the company reported net income in the third quarter of 2009 of $0.2 million, or $0.00 per diluted share, compared with non-GAAP net loss of ($0.6) million, or ($0.01) per diluted share in the second quarter of 2009, and non-GAAP net income of approximately $3.0 million, or $0.05 per diluted share in the third quarter of 2008. Please refer to the accompanying financial table for reconciliation of GAAP financial information to non-GAAP for the third quarter of 2009 and the comparative periods.

Cash used in operations was ($4.7) million. As of September 30, 2009, cash, cash equivalents and investments were $125 million.

Comments from Management

"We achieved non-GAAP breakeven results on approximately the same level of revenues as the second quarter, as a result of higher gross margin from a favorable revenue mix combined with our success in improving operating leverage," said Tzvika Friedman, president and CEO of Alvarion. "Our challenge in Q3 related mainly to the impact on revenues of regulatory delays in making spectrum available and the tight credit environment which slowed the pace of some deployments. Meanwhile, fundamental demand remains robust, the WiMAX ecosystem is expanding, and operators are experiencing subscriber growth. As a result, operators' interest in our solution is also growing, and we continue to be encouraged by the gradual improvement in order intake.

"We expect a similar quarter in Q4, followed by a gradual recovery which is expected to begin during the first half of 2010 based on improving demand, plus our ability to reach revenue recognition milestones on projects already won. Catalysts for improving demand may include easing of tight credit conditions, new projects funded under the U.S. broadband stimulus program, and WiMAX license auctions in India. By the end of 2009, the result of streamlining and simplifying the organization will have taken full effect, bringing our revenue breakeven level to approximately $58 million. This will position us to benefit from further operating leverage as revenues improve.

"Longer term, we expect continued growth in demand for WiMAX based on low broadband penetration in many countries and continuing growth in demand for data-intensive applications on mobile platforms, aided by additional spectrum availability and the proliferation of new devices."

Q4 2009 Guidance.

The company's revenue guidance for Q4 2009 is from $55 to $63 million. Based on the indicated revenue range, Q4 non-GAAP per share results are expected to range between a loss of ($0.04) and profit of $0.02. GAAP per share results are expected to range between a loss of ($0.07) and ($0.01).

Alvarion management will host a conference call today, November 4, at 9:00 a.m. Eastern time to discuss the quarter.

Please call the following dial in number to participate:

USA: (800) 230-1074; International: +1(612) 332-0820.

The public is invited to listen to the live webcast of the conference call.

For details please visit Alvarion's website at www.alvarion.com.

An archive of the online broadcast will be available on the website.

A replay of the call will be available from 11:00 a.m. EST on November 4, 2009 through 11:59 p.m. EST on December 4, 2009.

To access the replay, please call:

USA: (800) 475-6701

International: +1(320) 365-3844.

To access the replay, users will need to enter the following code: 117463.

ALVARION LTD. & ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
U.S. dollars in thousands (except per share data)
                                                                      Nine             Nine             Three            Three            Three
                                                                      Months Ended     Months Ended     Months Ended     Months Ended     Months Ended
                                                                      September 30,    September 30,    September 30,    September 30,    June 30,
                                                                      2009             2008             2009             2008             2009
Sales                                                              $  184,998       $  211,187       $  58,383        $  74,279        $  58,741
Cost of sales                                                         100,252          109,032          30,925           39,098           32,089
Gross profit                                                          84,746           102,155          27,458           35,181           26,652
Operating expenses:
Research and development, net                                         39,749           45,033           12,330           14,129           12,779
Selling and marketing                                                 39,165           45,612           12,824           16,054           12,970
General and administrative                                            11,503           14,040           3,757            4,731            3,723
Amortization of intangible assets                                     99               1,594            33               328              33
Restructuring and other related expenses (*)                          919              -                -                -                919
Total Operating expenses                                              91,435           106,279          28,944           35,242           30,424
Operating loss                                                        (6,689  )        (4,124  )        (1,486 )         (61    )         (3,772 )
Other loss                                                            (749    )        -                -                -                (749   )
Financial income, net                                                 1,551            3,514            454              864              518
Net income (loss)                                                     (5,887  )        (610    )        (1,032 )         803              (4,003 )
Basic net earnings (loss) per share:                               $  (0.09   )     $  (0.01   )     $  (0.02  )      $  0.01          $  (0.06  )
Weighted average number of shares used in computing basic net         61,999           63,123           62,054           63,170           61,995
earnings (loss) per share
Diluted net earnings (loss) per share:
                                                                   $  (0.09   )     $  (0.01   )     $  (0.02  )      $  0.01          $  (0.06  )
Weighted average number of shares used in computing diluted net       61,999           63,123           62,054           64,392           61,995
earnings (loss) per share

ALVARION LTD. & ITS SUBSIDIARIES
RECONCILIATION BETWEEN GAAP TO NON-GAAP STATEMENT OF INCOME (*)
U.S. dollars in thousands (except per share data)
                                                                       GAAP            Three             Non-            Three
                                                                                       Months Ended      GAAP            Months Ended
                                                                                       September 30,                     June 30, 2009
                                                                                       2009                              Non
                                                                                       Adjustments                       -GAAP
Sales                                                              $   58,383      $   -                 58,383      $   58,741
Cost of sales                                                          30,925          (93    )     (a)  30,832          31,946
Gross profit                                                           27,458          93                27,551          26,795
Operating expenses:
Research and development, net                                          12,330          (493   )     (a)  11,837          12,234
Selling and marketing                                                  12,824          (357   )     (a)  12,467          12,464
General and administrative                                             3,757           (234   )     (a)  3,523           3,220
Amortization of intangible assets                                      33              (33    )     (b)  -               -
Total Operating expenses                                               28,944          (1,117 )          27,827          27,918
Operating profit (loss)                                                (1,486 )        1,210             (276   )        (1,123 )
Financial income, net                                                  454             -                 454             518
Net income (loss)                                                      (1,032 )        1,210             178             (605   )
Basic net earnings (loss) per share                                $   (0.02  )                          0.00        $   (0.01  )
Weighted average number of shares used in computing basic net          62,054                            62,054          61,995
earnings (loss) per share
Diluted net earnings (loss) per share                              $   (0.02  )                          0.00        $   (0.01  )
Weighted average number of shares used in computing diluted net        62,054                            64,605          61,995
earnings (loss) per share

(a)  The effect of stock-based compensation. The Company adopted the
     provisions of Statement of Financial Accounting
     Standards No. 123(R), "Share-Based Payment" on January 1, 2006 using
     the modified-prospective transition method.
(b)  The effect of amortization of intangible assets.

ALVARION LTD. & ITS SUBSIDIARIES
DISCLOSURE OF NON-US GAAP NET INCOME
FOR COMPARATIVE PURPOSES NET INCOME AND EARNINGS PER SHARE FROM
CONTINUING OPERATIONS EXCLUDING AMORTIZATION OF ACQUIRED
INTANGIBLES, STOCK BASED COMPENSATION EXPENSES, RESTRUCTURING
EXPENSES AND ONE TIME CHARGES
U.S. dollars in thousands (except per share data)
                                                                        Nine             Nine             Three            Three             Three
                                                                        Months Ended     Months Ended     Months Ended     Months Ended      Months Ended
                                                                        September 30,    September 30,    September 30,    September 30,     June 30,
                                                                        2009             2008             2009             2008              2009
Net income (loss) according to US GAAP                               $  (5,887 )      $  (610   )      $  (1,032 )      $  803            $  (4,003 )
Amortization of acquired intangibles                                    99               1,594            33               328               33
Stock based compensation expenses related to SFAS 123R                  4,447            5,772            1,177            1,892             1,697
Restructuring and other related expenses (*)                            919              -                -                -                 919
Other loss                                                              749              -                -                -                 749
Net Income (loss) excluding amortization of acquired intangibles,    $  327           $  6,756         $  178           $  3,023          $  (605   )
stock based compensation and restructuring expenses
Basic net earnings (loss) per share excluding amortization of        $  0.01          $  0.11          $  0.00          $  0.05           $  (0.01  )
acquired intangibles, stock based compensation and restructuring
expenses
Weighted average number of shares used in computing basic net           61,999           63,123           62,054           63,170            61,995
earnings (loss) per share
Diluted net earnings (loss) per share excluding amortization of      $  0.01          $  0.10          $  0.00          $  0.05           $  (0.01  )
acquired intangibles, stock based compensation and restructuring
expenses
Weighted average number of shares used in computing diluted net         64,073           64,496           64,605           64,392            61,995
earnings (loss) per share

(*) Results of the organizational change performed in April 2009.

ALVARION LTD. & ITS SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands
                                                                     Sept. 30,       June 30,
                                                                     2009            2009
ASSETS
Cash, cash equivalents, short-term and long-term investments    $    125,294    $    131,579
Trade receivables                                                    53,330          49,348
Other accounts receivable                                            10,483          9,805
Inventories                                                          40,153          48,619
Severance pay fund                                                   14,250          12,847
PROPERTY AND EQUIPMENT, NET                                          17,412          17,686
GOODWILL AND OTHER INTANGIBLE ASSETS                                 57,273          57,306
TOTAL ASSETS                                                    $    318,195    $    327,190
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Trade payables                                                  $    35,720     $    47,281
Other accounts payable and accrued expenses                          44,750          46,231
Total current liabilities                                            80,470          93,512
ACCRUED SEVERANCE PAY                                                18,616          17,534
TOTAL LIABILITIES                                                    99,086          111,046
SHAREHOLDERS' EQUITY                                                 219,109         216,144
TOTAL LIABILITIES                                               $    318,195    $    327,190
AND SHAREHOLDERS' EQUITY

ALVARION LTD.& ITS SUBSIDIARIES
Consolidated Statement of Cash Flows
U.S. dollars in thousands
                                                                         Three
                                                                         Months ended
                                                                         September 30, 2009
Cash flows from operating activities:
Net loss                                                               $ (1,032    )
Adjustments to reconcile net loss to net cash provided by operating
activities:
Depreciation                                                             1,905
Stock based compensation expenses related to SFAS 123R                   1,177
Amortization of intangibles assets                                       33
Increase in trade receivables                                            (3,982    )
Decrease in other accounts receivable and prepaid expenses               2,101
Decrease in inventories                                                  8,466
Decrease in trade payables                                               (11,561   )
Decrease in other accounts payables and accrued expenses                 (1,481    )
Accrued severance pay, net                                               (321      )
Net cash used in operating activities                                    (4,695    )
Cash flows from investing activities:
Purchase of fixed assets                                                 (1,631    )
Net cash used in investing activities                                    (1,631    )
Cash flows from financing activities:
Proceeds from exercise of employees' stock options                       41
Net cash provided by financing activities                                41
Decrease in cash, cash equivalents, short-term and long-term             (6,285    )
investments
Cash, cash equivalents, short-term and long-term investments at          131,579
the beginning of the period
Cash, cash equivalents, short-term and long-term investments at        $ 125,294
the end of the period

About Alvarion

Alvarion (NASDAQ: ALVR) is the largest WiMAX pure-player with the most extensive WiMAX customer base and over 250 commercial deployments around the globe. Committed to growing the WiMAX market, the company offers solutions for a wide range of frequency bands supporting a variety of business cases. Through its OPEN(TM) WiMAX strategy, superior IP and OFDMA know-how, and ability to deploy end-to-end turnkey WiMAX projects, Alvarion is shaping the new wireless broadband experience (www.alvarion.com).

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Alvarion's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: potential impact on our business of the current global recession, the inability of our customers to obtain credit to purchase our products as a result of global credit market conditions, the failure to fund projects under the U.S. broadband stimulus program, continued delays in WiMAX license allocation in certain countries, the failure of the market for WIMAX products to develop as anticipated; Alvarion's inability to capture market share in the expected growth of the WiMAX market as anticipated, due to, among other things, competitive reasons or failure to execute in our sales, services provisioning, marketing or manufacturing objectives; inability to further identify, develop and achieve success for new products, services and technologies; increased competition and its effect on pricing, spending, third-party relationships and revenues; as well as the inability to establish and maintain relationships with commerce, advertising, marketing, and technology providers, and other risks detailed from time to time in the Company's 20-F Annual Report Risk Factors section as well as in other filings with the Securities and Exchange Commission.

Information set forth in this press release pertaining to third parties has not been independently verified by Alvarion and is based solely on publicly available information or on information provided to Alvarion by such third parties for inclusion in this press release. The web sites appearing in this press release are not and will not be included or incorporated by reference in any filing made by Alvarion with the Securities and Exchange Commission, which this press release will be a part of.

You may request Alvarion's future press releases or a complete Investor Kit by contacting Kika Stayerman, kika.stayerman@alvarion.com or +972.3.767.4159.

"WiMAX Forum" is a registered trademark of the WiMAX Forum. "WiMAX," the WiMAX Forum logo, "WiMAX Forum Certified" and the WiMAX Forum Certified logo are trademarks of the WiMAX Forum.

"Alvarion" and "4Motion" are the registered trademarks of Alvarion Ltd. "OPEN" is the trademark of Alvarion Ltd.

All other companies' names, products, services may be the properties of their respective owners.

SOURCE: Alvarion Ltd.

Alvarion Ltd. 
Investor: 
Efrat Makov, CFO 
+972.3.645.6252 
+1.650.314.2652 
efrat.makov@alvarion.com 
or 
Claudia Gatlin, +1.212.830.9080 
claudia.gatlin@alvarion.com