Subscribe to Print Edition | Tue., December 02, 2008 Kislev 5, 5769 | | Israel Time: 02:41 (EST+7)   Back to Homepage web haaretz.com Haaretz Toolbar Diplomacy Defense Jewish World Opinion National Print Edition Car Rental Books Haaretz Magazine Business Real Estate GA 2008 Travel Week's End Anglo File

Alvarion workers bracing for layoffs of up to 10% By Ido Solomon Alvarion is thinking of laying off up to 10% of its 1,000-person workforce. The company refused to confirm or deny the report, saying only that it constantly keeps tabs on the situation and responds as needed. Advertisement Two weeks ago Alvarion, which develops wireless communications technology, reported that it is suspending new fundraising efforts. However, at the time, chief executive Zvika Friedman commented that the company means to take advantage of the economic downturn to increase its market share. In early November, Alvarion reported a 23% increase in revenues for the third quarter of 2008, to $74.3 million. In the parallel quarter, revenues amounted to $60.6 million. However, its cost of sales shot up by 27% to $39.1 million, Alvarion reported, thanks in part to rising development costs that almost entirely eroded the benefit from its increased revenues. The company netted $0.8 million in the third quarter of 2008 or 1 cent per share. In the parallel quarter it netted $621,000. Minus nonrecurring costs and income, Alvarion's third-quarter profit reached $3 million, compared with $2.4 million in the same quarter a year ago. Bookmark to del.icio.us   Boycotting Wagner The composer's works will remain a sensitive topic in Israel for many years. Bound for Gaza The Libyan ship is the most notable attempt yet to break the Gaza blockade.

Read & React Amos Harel: After Mumbai, the war against terror has changed Responses: 52 EU document on Israel, Mideast: Re-open Orient House Responses: 235 Anshel Pfeffer: Israel, stop offending India over Mumbai Responses: 62 Pope praises Nazi-era pontiff accused of Shoah inaction Responses: 57 Israeli Opera to uphold Wagner ban over Nazi link Responses: 47 More Headlines 00:32 Six bodies of Mumbai Chabad victims arrive in Israel 00:15 Olmert: I'm convinced Hillary Clinton will advance Israel-U.S. relations 01:07 Parents of Mumbai terror victim: We may take Rivka's place as Chabad envoys 21:43 Olmert offers condolences to Indian PM over Mumbai deaths 23:09 Hamas tells Haaretz journalist Amira Hass to leave Gaza 21:45 Bush: My biggest regret is false intelligence on Iraq WMDs 01:02 Israel turns back Libyan ship bound for Gaza with aid 00:56 Fetus kept in formaldehyde for 11 years found in Jerusalem 14:06 Israeli Opera to uphold Wagner boycott over link to Nazis 14:36 Indian investigators: Mumbai attackers trained in Pakistan 21:45 Iran dismisses Israeli military threats as 'psychological warfare' 12:14 German firms seek to bypass Berlin sanctions on Iran 14:29 Body of Israeli Omri Kidron found 5 months after he disappeared in China 11:06 Israeli security accidentally intrudes on live Livni interview 02:32 Five Palestinians hurt in clashes with settlers in Hebron 09:46 Eight IDF soldiers among 25 nabbed in drug trafficking bust Previous Editions Select Day 01 dec 30 nov 28 nov 27 nov 26 nov 25 nov 24 nov 23 nov 21 nov 20 nov 19 nov 18 nov

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