Airspan Networks Announces Third Quarter 2007 Results

Airspan Networks Inc. (NASDAQ: AIRN), a leading provider of WiMAX and Wi-Fi based broadband wireless access networks, today announced results for the quarter ending September 30, 2007. Revenue decreased by 18% to $22.5 million compared to $27.3 million in the same quarter last year. This decrease is due to a decline in non-WiMAX revenues partially offset by a significant increase in WiMAX revenues. The gross margin was 35%, compared with 27% in the same period last year. Net loss attributable to common stockholders was $9.9 million or $0.24 per share for the third quarter 2007, compared with $18.3 million, or $0.46 per share for the same period last year.

Intel Moving Ahead with WiMax Equipment Plans

For years, Intel has been investing in WiMax technology with the belief that it would be the preferred technology to replace Wi-Fi. In addition, Intel has invested a significant amount of money in Clearwire to help the company build out its WiMax network and invest in new technology.

"Our plan has not changed and our efforts to incorporate WiMax into our silicon have not changed," an Intel spokesperson told eWEEK Nov. 9. "Our plans remained unchanged and we will continue to work closely with both companies." (Sprint Nextel and Clearwire)

Revenue from the WiMax equipment market will grow to more than $3.3 billion

Revenue from the WiMax equipment market will grow to more than $3.3 billion, according to Gartner, with 48 million connections worldwide by 2010.
The technology is growing rapidly overseas, particularly in developing countries that lack legacy infrastructure. Last month the International Telecommunication Union, a United Nations agency, endorsed WiMax as the mobile technology of choice for wireless broadband.

WiMax network plan dropped

Sprint Nextel Corp. and Clearwire Corp. said Friday that they have scrapped plans to build a high-speed wireless network together after the ouster of Sprint Chief Executive Gary Forsee. The network would use a technology called WiMax, which will allow devices such as mobile phones and laptops to access the Internet across entire cities, instead of limiting them to smaller areas served by wireless fidelity, or Wi-Fi, networks.