SONS Message Board - Msg: 17563036

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Technology Stocks : SONS

SONS 7.830

+2.8%

Nov 28 4:00 PM EST

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To: puborectalis who wrote (117)	6/5/2002 9:23:48 PM
From: puborectalis	Read Replies (1) of 1575

Sonus Networks (SONS) 2.01 +0.02: Wachovia Sec's retains their upbeat opinion on co's recovery following meeting with mgmt at Supercomm conference; stresses co is on track against guidance of flat seq. financial performance in June qtr and believes SONS has established a base business from which to grow exiting 2002. Firm expects Q to remain significant customer for foreseeable future and expects carrier to be 10% customer in Q2; contacts indicate Q has decided not to choose second source for its 271 build-out, which is in addition to SONS's original $100 mln contract. Wachovia ests SONS will end June qtr with about $90 mln in cash and securities, end year at about $60 mln.

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