Alvarion - Star Performer (+5%)

Nice pop and recovery from ALVR, which is one of my top holdings for obvious reasons. The correction off of the overbought conditions is now complete and we are free to make the next move up. Earnings is scheduled for October 31st - we should get a good feel for their recent overseas contract acquisitions, as well as their future prospects. There is quite a bit of WiMax news out there and some of it focuses on the market potential for WiMax in developing countries. No one is better positioned in this arena than ALVR.

Following quote is from CSCO:"In the U.S., there are a number of choices, and it's nice to have WiMax as another choice," he said. "But there are some places in the emerging markets where it would have been WiMax or nothing."Larry Vang

WiMax's popularity is growing as Internet service providers look for ways to connect more people, particularly in developing countries.

Last week, the U.N. telecommunications agency, the International Telecommunication Union, added WiMax to a global standard for mobile devices, signaling that airwaves designated for technologies in the standard known as IMT-2000 can now be used for networks based on WiMax.

Information on ALVR attached:http://www.alvarion.com/