WiMAX equipment vendor Alvarion has reported a 21 percent drop in its revenues for the third quarter to US$58.4 million, compared to US$74.3 million in 2008, according to Cellular News. This was also a 0.6 percent drop on the revenues recorded in 2Q09. The GAAP net loss in the third quarter of 2009 was US$1 million, compared to a net profit of US$800,000 in 2008 and a net loss of US$4 million in 2Q09.