Tom, this is speculation only but...
I added to my SONS'put collection. Sonus Networks, for those who don't know, sells a collection of what is know as softswitches to the telco industry. Yes, the same telco industry that hit the skids late last year into this year. With telco spending admittedly lower, who is going to buy these softswiches? Beats me...now this is not for the faint of heart because if they blow out earnings and give great guidance, my put collection will be added to some of my other wallpaper. I've added here because this thing has run up from the low $20 range in advance of earnings. So, hopefully, we'll see a little sell-on-the-news even if the report is good and if guidance is not rosy... ;)
FYI, another VoIP player reports earnings tonight as well, Clarent, which, btw, was downgraded today...
biz.yahoo.com |
