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Technology Stocks : Acme Packet (APKT)
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From: JakeStraw2/12/2007 8:58:41 AM
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"Acme Packet (nasdaq: APKT) develops session border controllers, which are small pieces of hardware crucial to the next-generation Internet. These circuits control security for networks, which allows telecom companies to simultaneously offer TV, Internet and digital telephone across a single broadband connection. Patience is needed here. The movement from old-style telecom into the digital packets of the Internet protocol will take five to ten years to play out. Revenues for the first nine months of 2006 grew 158% to $60.4 million, and the company broke into the black. Expect future growth of as much as 100% over the next two years. The stock trades at 38 times my estimate of 2007's expected earnings."
forbes.com
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