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In response to Seeking Alpha contributer Himanshu Pandya's support for Alvarion (ALVR) and Airspan (AIRN) at current levels, Globes' Shlomo Greenberg notes that it still may be early to get into these companies. From Pandya's post:

1. Alvarion Ltd. (NASDAQ: ALVR) - Is the best of breed in Wimax and has partnerships with big names like Intel and IBM. The stock is near its 52-week low and is worth picking up if the weakness continues. Also, an acquisition play for big players who don’t have a strong Wimax portfolio — such as Cisco.

2. Airspan Networks, Inc. (NASDAQ: AIRN) - More of a pure play Wimax pick. The downtrend started with a higher than expected loss last quarter which was attributed to $5.5 million revenue deferral from Yozan Inc., a primary customer for its WiMAX deployment in Japan. Also, one of its Directors, Matthew Desch, bought 4900 shares on 5/19/2006 for an average price of $5.613. Just like Alvarion, I think the size of this company makes it a acquisition play as well.

Greenberg's response:

Investors don’t like to hear repeated promises that don’t produce results, and when any results do emerge they are not the kind they were waiting for. No one is denying that in 2004 we saw WiMAX strike the hot iron and nothing happened afterward. But something is indeed happening, long after the promise was made, but nonetheless a development and a positive one at that. I have lost money hand over fist on this stock but I hope the belief in the company will eventually win the day.

To all those who bemoan the blow Alvarion has suffered I will simply say this: Nothing has changed since the stock reached $17. The recent developments have taken WiMAX one great step forward. While I cannot make a recommendation wholeheartedly, I am convinced that this is an investment that will deliver, big time.

ALVR 1-yr Chart

Source: Alvarion Will Deliver Big Time...Eventually (ALVR, AIRN)