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January 4, 2013
08:04 EDTCRNTCeragon Networks expects major customer to require additional procedures
The equipment was installed and accepted previously by the customer pursuant to the process in place at the time. The company's assessment is that the additional acceptance procedures will shift the recognition of between $11 million and $14 million of revenue from 2012 to 2013. The company noted that collections during the fourth quarter were strong, increasing net cash by approximately $12M-$13M.
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