Without citing sources, Israeli business newspaper, Globes said that the talks are likely to lead to a sale of the WiMAX business for a "few tens of millions of dollars", and the rest of the company for about $50 million.
The company was once worth around US$900 million at the height of the WiMAX telecoms bubble but its shareprice has since slumped to a capitalisation of jut $27 million.
Alvarion's share price jumped over 20% on the reports of the possible sale.
On the web: Globes
Posted to: www.cellular-news.com/story/58385.php