Merriman Curhan Ford Initiates Coverage on the Communications/Wireless ...

) With Neutral ratings.

Searle highlighted these themes in his company initiation reports: -- Alvarion Ltd. (NASDAQ:ALVR $4.06; Buy) Historically overhyped and often confused as a 4G competitor to LTE, WiMAX is a real and commercially ready broadband wireless solution that supports speeds of up to 40Mbps (going to 300Mbps). Despite the global credit freeze and ensuing recession, WiMAX has over 500 deployments in 147 countries. Alvarion is the leading independent supplier (with 20% market share) of this largely rationalizing multibillion dollar market opportunity. Although near-term visibility remains cloudy, we believe this is currently reflected in the stock. With $2.00 per share in net cash and EPS potential of $0.30- 0.40 in CY11 we believe investors will revisit the shares driven by 1) a thawing of credit markets, 2) successful

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