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You are right that WaveSmith and Equipe are not similar - WS is a small stackable edge switch, Equipe looks more like a core box. They are only similar in the fact that they both are new ATM start-ups.
So, if there is demand for a new ATM switch that can double as an LSR, than the future must be looking a whole lot better for these two.
Anyone else have a different perspective?
I know you IP guys must be gnashing your teeth at the very thought of an ATM startup...