Wireless broadband equipment maker and Motley Fool Rule Breakers recommendation Alvarion
Showing once again that bad times can be good, Alvarion reported that revenue grew 21% to $69.7 million, near the top end of the company's guidance. The firm booked a small quarterly loss, though, showing $812,000 of red ink of the GAAP nature.
Constrained or delayed investment in new networks from Alvarion's diverse, global customer base -- which includes China Mobile
While top engineering talent at cut-rate wages in Israel used to attract big R&D dollars from multinationals like Intel
Regardless of the currency hits on the bottom line, though, Alvarion sees continued growth into the next quarter. OEM partners like Nokia
With the visibility of solid growth, the company has initiated efforts to put some of its $149 million in cash to work by applying for a $30 million share repurchase grant from the Israeli court. While following the cues of company buybacks and insiders doesn't guarantee success, this Fool agrees with management and sees Alvarion as a compelling investment at this level.
Alvarion's prospects and track record helped the company make the cut as a recommendation at the Motley Fool Rule Breakers service. To see all the stocks that have the service beating the market by 11 points on average, take a free 30-day trial today.
Fool contributor Dave Mock can't help but stomp in puddles when the opportunity presents itself. He owns shares of Intel and is the author of The Qualcomm Equation. France Telecom is an Income Investor recommendation. Microsoft and Intel are Inside Value picks. The Fool has a disclosure policy that can do the two-step.