Scrapps, any insight on the ADSL market from the recent Aware earnings report?
Aware Inc.(NASDAQ:AWRE), maker of copper-wire DSL technology, reported fourth-quarter revenue of $9.1 million, up 49% annually, and pro forma net income of $4.2 million, or $0.18 per share, two cents ahead of the Zacks' consensus estimate. For the year, Aware had revenue of $30.7 million and pro forma net income of $12.3 million. In after-hours trading, the stock inched higher to $20.92 from its $20.88 close.
OT-Click Here for Great CLECs
Research Analyst: Bob Hirschfeld (1/26/01)
individualinvestor.com
After a horrible 2000, competitive local exchange carriers (CLECs) are doing much better this year.
The Nasdaq Telecommunications Index (CUTL), which after reaching a high of 1,248 in March, 2000, dived to a low of 426 in late December, 2000. For 2001, though, the index is in rally mode, up 22%.
The group is benefiting from the Fed's first interest rate cut, and expectations of further rate cuts, as well as from optimism about the debt markets.
CLECs (pronounced 'Cee-Lecs') came into being though the Telecommunications Act of 1996, which required phone companies to offer competitive carriers nondiscriminatory access to their networks. The law gave CLECs the chance to lease existing infrastructure, without having to "run copper." snip
Jim |
