Small Cap Movers

Gilat Satellite Networks rises on distribution deal

Alex Alexandrov | Mar 13, 2008 03:51pm EDT | Comment
Rating: Unrated
Shares of Gilat Satellite Networks Ltd. (Nasdaq: GILT) are in the green following news after the close on Wednesday that the provider of digital satellite communication and networking products and services has signed an agreement with Airspan Networks Inc. (Nasdaq: AIRN) to resell Airspan’s WiMAX products worldwide. Financial details have not been made public.

At 3:57 p.m. ET, the stock was up $0.75, or 8%, to $10.25.

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Alex Alexandrov

About the Author
Reporter Alex Alexandrov is based in SmallCapInvestor.com's Washington, D.C. bureau.