Summary:

Sonus Networks’ despite being kicked off Nasdaq, largely because of some problems with SEC (which is like saying slightly pregnant) is having a good year when it comes to selling its products. Revenues for the second quarter of fiscal 2004 were $42.4 million up from $36.5 […]

sonusLogoSonus Networks’ despite being kicked off Nasdaq, largely because of some problems with SEC (which is like saying slightly pregnant) is having a good year when it comes to selling its products. Revenues for the second quarter of fiscal 2004 were $42.4 million up from $36.5 million for the first quarter of fiscal 2004 and $15.4 million for the second quarter of fiscal 2003.  Net income for the second quarter of fiscal 2004 was $4.9 million or $0.02 per share compared with a net income of $3.0 million or $0.01 per share for the first quarter of fiscal 2004 and a net loss of $7.3 million or $0.03 per share for the second quarter of fiscal 2003. A clear sign, that the VoIP remains a hot market, admittedly not a large one. With AT&T gettings its VoIP groove on and Level 3 getting aggressive, the upside doesn’t come as a surprise. Those are two big customers. I am sure the conference call would have more information.

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