Mark Sue (RBC Capital Markets ) writes that Arris "still needs work" in terms of showing consistent execution, but he notes that the company is "making strong strides with its financial metrics and cash flow generation." You get the feeling that everyone thinks that if they come right out and praise Arris unequivocally, a giant anvil will fall on their heads. (Have I been watching too many cartoons?)
Don't expect any more updates for that report, but do expect that we will be giving a more specific LTE taxonomy in the coming months.
We've added five new vendors (Enablence Technologies Inc. (Toronto: ENA), MRV Communications Inc. (Nasdaq: MRVC), SHF Communication Technologies AG , TeraXion Inc. , and VI Systems) in the areas of systems, devices/modules/subsystems, and test & measurement. And we've noted some more new test and measurement products, too. LTE T&M seems to be a very active area that we'll be reporting on more.
Catharine Trebnick (Avian Securities LLC ) only has a fiscal-year revenue projection of $209.65M for Sonus. Her channel checks suggest that carriers will more quickly spend on Carrier Ethernet and broadband mobility projects ahead of TDM-to-IP migrations in the near-term.
Steven J. O'Brien (JP.MorganChase ) is less shocked today than yesterday. He writes that Sonus's second-quarter results were "stronger than we were expecting across the P&L, but Sonus made little change to its FY 2009 outlook. So, he's keeping his powder dry as he observes that "management does not see a near-term inflection point for demand or profitability."
— Phil Harvey, Editor-in-Chief, Light Reading