From Bernstein Report on ASND:
<As such, Ascend is winning lion's share of new carrier contracts for ATM/Frame Relay networks - deployment is underway at AT&T, NTT, Brooks Fiber, Williams Telecom, and Bell Atlantic, with potential new contracts at SBC, Sprint, and several international carriers could be awarded over next 2-3 months. Because switching costs are prohibative and frame relay service growth is strong, these carrier ATM/Frame Relay contracts will become 3-5 year annuities as the initial 12-18 month deployments yield future sales for network expansion. Thus current wins are indicative of strong long-term growth potential and a greater predictability for performance in future quarters. [sweet words]>
Re: lions share to ASND, I think NN is going to get their share as well. This should give you an idea what the ATM market is going to look like for next 3-5 years. I think Gary has said something about the carrier market being in the range of $500 Billion!
Like Pat, I definitely am holding both ASND and NN at this time.
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