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Technology Stocks : Somera Communications Inc-(SMRA)

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To: quasar_1 who wrote (97)10/20/2000 10:39:35 AM
From: Rupert   of 110
 
RE: "Great Earnings Report Again"

I have to agree here. At a market cap of $473 million (at the current stock price), this profitable company has to be one of the best values in the telecom arena, given that revenue for the first nine months of 2000 alone was $149.5 million. I also liked the international expansion. It's a mystery to me why this stock hasn't got more attention. Perhaps reconditioning and selling equipment just isn't sexy enough. And Dan Firestone was all over CNBC last month! If you look at all the activity in the telecom equipment sector, and the large amount of network buildout that's apparently on going, then it follows that recycling used equipment, marking it up and selling it on would be a strong business. Maybe we are simply being held down by the general gloom in the telecom stock sector...T..WCOM..etc.
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