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Technology Stocks : SONS -- Ignore unavailable to you. Want to Upgrade?

To: TShirtPrinter who wrote (1169)	8/17/2007 3:43:34 PM
From: Cooters	Respond to of 1575

CSFB on SONS Not a specific report, just part of an industry report: SONS as a play on VoIP. With seemingly everyone focusing once again on SONS’s ability to achieve near-term guidance following its disappointing June second quarter earnings announcement, here is the opportunity for those with time horizons that extend beyond 6 months. While volatile, the VoIP market opportunity remains robust, with 20+% five-year CAGR. The most prominent change vis-a-vis SONS, I would argue, is that it continues to deepen its penetration of the tier one service provider account base while its larger competitors continue to struggle. Sonus has secured an additional three top 20 global carriers in 1H07. While timing is always an issue, these carriers should drive incremental downstream revenue on the order of at least 5 - 10%. Stock has pulled back 40+% from its recent highs. Every time we have had a pullback of this nature--and we have had more than one such pull-back over the past two years--has proved a great buying opportunity. -- FT, Sprint, and who else?