Airspan Networks, Inc. (AIRN) Improves Per Share Performance In Face Of Global Credit Crisis
Airspan Networks, Inc., global supplier of broadband wireless access solutions, continues to face down the worldwide credit crisis through creative and aggressive strategies to cap or reduce costs. Successful achievement of targeted cost reductions, coupled with an increase in outstanding shares, has resulted in an improvement in per share performance, supporting Airspan’s ongoing drive to profitability. Though still in negative territory, the company’s third quarter per share loss was cut from .24 in 2007 to .13 in 2008, on sales of $17.8 million. Total operating expenses were reduced from the second quarter 2008 by 14%. Airspan’s President and CEO, Eric…