WiMAX
shipments in the quarter were approximately $16.5 million, however some of
these
shipments may be subject to deferred revenue recognition. In addition,
approximately $2 million of WiMAX MacroMAX shipments were delayed due to late
receipt of an individual component, which has now been resolved.
The
decrease in total revenue is primarily due to the more rapid-than-expected
drop
in orders of traditional products. The reduction in demand for non-WiMAX
equipment, which was communicated several months ago, has resulted in a
significant slowdown in overall sales for Airspan.
Further
details regarding second quarter 2007 results are expected to be announced
on
August 8, 2007. Details of conference call dial in numbers will be
distributed prior to this date.
About
Airspan Networks Inc.
This
press release contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act
of 1934. All statements, other than statements of historical facts,
including statements regarding our strategy, future operations, financial
position, future revenues, projected costs, prospects, plans and objectives
of
management, may be deemed to be forward-looking statements. The words
"anticipates," "believes," "estimates," "expects," "intends," "may," "plans,"
"projects," "will," "would" and similar expressions or negative variations
thereof are intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. We may not
actually achieve the plans, intentions or expectations disclosed in our
forward-looking statements and you should not place undue reliance on our
forward-looking statements. There are a number of important factors that could
cause actual results or events to differ materially from the plans, intentions
and expectations disclosed in the forward-looking statements we make. Investors
and others are therefore cautioned that a variety of factors, including certain
risks, may affect our business and cause actual results to differ materially
from those set forth in the forward-looking statements. The Company is
subject to the risks and uncertainties described in its filings with the
Securities and Exchange Commission, including its Annual Report on Form 10-K
for
the year ended 31 December, 2006 and Form 10-Q for the first quarter ended
1
April 2007. You should read those factors as being applicable to all
related forward-looking statements wherever they appear in this press
release. We do not assume any obligation to update any forward-looking
statements.
More
information on Airspan can be found at
http://www.airspan.com
For
Investor Relations and Media Inquiries, contact:
Airspan
Networks
David
Brant
Senior Vice President & Chief Financial Officer
Airspan
Networks, Inc.
Tel: +1 561 893-8650
Fax: +1 561
893-8681
Email:dbrant@airspan.com
