Sigma Wave Ltd is still interested in acquiring Alvarion Ltd. (NasdaqCM:ALVR) from the receiver who is seeking to sell it, sources said. In Early July 2013, SuperCom Ltd. (OTCPK:SPCB.F) whose largest shareholder is Sigma Wave said that it plans to use proceeds from a planned offering for the acquisition of contracts, complimentary intellectual property, and software packages. Ten days ago, Judge Eitan Orenstin called for a recess when some people expressed an interest in acquiring the company.

They were representatives of Sigma Wave Ltd., a private company based in Caesarea controlled by Arie Trabelsi, and they asked for a three-day postponement of the hearing. Judge Orenstin rejected the request and appointed a receiver for Alvarion. Sigma Wave is reportedly considering is the acquisition of Alvarion directly or through SuperCom.

According to Sigma Wave's representatives at Alvarion's court hearing, the company believes that it can turn Alvarion around, just as it did SuperCom.