Investment bank RBC Capital Markets analyst Daniel Meron increased his support of WiMax equipment and system developer Alvarion Ltd. to outperform competitors.
Meron believes that Alvarion has been getting more orders from both existing and new customers, noting “improved business tone and contract activity with new and prospective customers.”
By strategically targeting the Indian market, Alvarion has gained an edge with telecommunications firm BSNL. A strong demand for WiMax and broadband connectivity in developing countries will be another part of Alvarion’s growth in countries like Indonesia, Brazil, Ireland, and Australia.
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