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Technology Stocks : SONS

SONS 7.830

+2.8%

Nov 28 4:00 PM EST

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From: Home-Run	6/28/2007 7:35:19 PM
	of 1575

Sonus news in Barrons Buyer Boosts Stake in Rising Sonus By Alexander Eule THE STOCK IS NEAR MULTIYEAR HIGHS and the company is facing delisting, but one value investor sees potential in Sonus Networks, a maker of equipment for Internet phone networks. This week Legatum Capital bought 1.14 million shares for $9.7 million, or an average of $8.49 per share, according to Securities and Exchange Commission filings. Legatum's holdings were disclosed by its parent company, Senate Limited -- a Cayman Islands trust. Since first disclosing a 6.6% stock position in March, Legatum, which calls itself a "long-term value-oriented portfolio investor," has bought 19.7 million additional shares for a 14.6% ...

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