Bloomberg News

Alvarion Soars to 2-Month High in Israel After U.S. Stock Gains

January 08, 2012

Jan. 8 (Bloomberg) -- Alvarion Ltd. surged to the highest level since October following a gain in the telecommunication- equipment maker’s U.S. shares on Jan. 6.

The stock jumped 11 percent to 4.05 shekels, or the equivalent of $1.05, the highest level since Oct. 31, at the 4:30 p.m. close in Tel Aviv. The U.S.-traded shares rose 4.7 percent to $1.01.

Global market map: MMAP <GO> Most active stocks: MOST <GO> Global stocks stories: TOP STK <GO> Most read stock market stories: MNI STK <GO> Israel Daybook: NI ISRAELDAY <GO> Top Israel stories: TOP ISRAEL <GO>

--Editors: Claudia Maedler, Rachel Graham

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net -0- Jan/08/2012 14:58 GMT


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