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Technology Stocks : Nortel Networks (NT)
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To: hari t who started this subject6/22/2004 1:56:04 PM
From: Davy Crockett   of 14638
 
Lucent, Nortel To Benefit From Sprint Upgrade
06.22.04, 1:40 PM ET


Tear Sheet | Chart | News


Prudential Equity Group said it was not surprised by Sprint's (nyse: FON - news - people ) announcement that it will invest $1 billion to roll out EV-DO, (which stands for Evolution-Data Optimized) technology on its nationwide PCS network. The research firm said the network upgrade was predictable, given an announcement of a similar EV-DO rollout plan on the part of Verizon Wireless earlier this year, but said it was uncertain whether Sprint would use EV-DO or wait for the next wave of technology, known as "EV-DV." Verizon Wireless is a co-venture of Verizon Communications (nyse:VZ) and Vodafone Group (nyse:VOD). Prudential predicted that deployments will begin immediately as initial service availability is planned for the second half of 2004. However, Prudential also said the bulk of the upgrades are slated for 2005, implying acceleration in Sprint's capital spending plans. The research firm noted that vendors have not yet been announced, but said it expects Lucent Technlogies (nyse: LU - news - people ) and Nortel Networks (nyse: NT - news - people ) "to play a significant role in these deployments." Other possible vendors for the upgrade include Samsung and Motorola (nyse: MOT - news - people ), in Prudential's view. The research firm also said it expects Qualcomm (nasdaq: QCOM - news - people ) "to benefit from chipset sales and royalties associated with carrier and consumer equipment upgrades."
forbes.com
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