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Technology Stocks : SONS
SONS 7.830+2.8%Nov 28 4:00 PM EST

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To: Ibexx who wrote (81)8/13/2001 10:05:32 AM
From: Ibexx  Read Replies (2) of 1575
 
From Morgan Stanley this morning:


Sonus Networks (SONS-$20-O-V) Business On-Track, Execution is Key C. Stix/M. Lynch

--Carrier spending constraints that are affecting the rest of the communications group may be pressuring upside, but our projections appear good for now.

--Customer/trial activity is healthy, in our opinion - We believe SONS is in several active trials across the globe, and think its application interest is expanding.

--If its market position has changed since our initiation of coverage, it may have actually strengthened. Some competitors have exited the business or have yet to gain traction.

--We maintain our Outperform-V rating and 12-month price target of $35. Shares could trade to $35 based on our residual income valuation method....

Ibexx
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