Lerach Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit against Alvarion, Ltd.

Lerach Coughlin Stoia Geller Rudman & Robbins LLP ("Lerach Coughlin”) (http://www.lerachlaw.com/cases/alvarion/) today announced that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Alvarion, Ltd. ("Alvarion” or the "Company”) (NASDAQ: ALVR) common stock between November 3, 2004 and May 12, 2006, inclusive (the "Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934 ("Exchange Act”). If you wish to serve as lead plaintiff, you must move the Court no later than April 9, 2007. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Samuel H. Rudman or David A. Rosenfeld of Lerach Coughlin at 800/449-4900 or 619/231-1058 or via e-mail at wsl@lerachlaw.com. If you are a member of this class, you can view a copy of the complaint as filed or join this class action online at http://www.lerachlaw.com/cases/alvarion/. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. The complaint charges Alvarion and certain of its officers and directors with violations of the Exchange Act. The Company describes itself as the "world's leading provider of innovative wireless broadband network solutions enabling Personal Broadband to improve lifestyles and productivity with portable and mobile data, Voice-Over-Internet Protocol ("VoIP”), video and other services.” According to the complaint, throughout the Class Period, the Company represented that its success was dependent, in substantial part, upon a "large operator in Latin America” – which was known to be Telmex, Mexico’s leading telecommunications company. The complaint further alleges that, unbeknownst to investors, and despite assurances from defendants to the contrary, Alvarion’s sales to Telmex were rapidly decreasing. As this previously undisclosed information became known to the public in disclosures made on July 5, 2005, August 3, 2005 and May 12, 2006, shares of Alvarion stock declined. Plaintiff seeks to recover damages on behalf of all those who purchased the common stock of Alvarion during the Class Period. The plaintiff is represented by Lerach Coughlin, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud. Lerach Coughlin, a 180-lawyer firm with offices in San Diego, San Francisco, Los Angeles, New York, Boca Raton, Washington, D.C., Houston, Philadelphia and Seattle, is active in major litigations pending in federal and state courts throughout the United States and has taken a leading role in many important actions on behalf of defrauded investors, consumers, and companies, as well as victims of human rights violations. Lerach Coughlin lawyers have been responsible for more than $20 billion in aggregate recoveries. The Lerach Coughlin Web site (http://www.lerachlaw.com) has more information about the firm.