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Alvarion spikes pre-market after court approves motions for Nasdaq appeal and continued operation

Shares of Alvarion (ALVR) jump 28% pre-market after the court supervising its receivership approved two motions over the weekend. The first allows Alvarion to continue its appeal to Nasdaq for continued listing of its shares. The second permits continued operations through Sept. 15 in order to facilitate Valley Telecom's assumption of management and financing (subject to the court's approval of Valley's bid).

Previous: Alvarion spikes PM following improved offer from Valley Telecom

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