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September 16, 2004 Stock Pick: Sonus Networks, Inc. (SONS)

Stock Price: $5.98

Sonus Networks, Inc. is a leading provider of Voice over Internet Protocol (VoIP) infrastructure solutions for wireline and wireless service providers. The company is the market share leader in several segments of the carrier VoIP equipment market.

Earlier this year, SONS had to restate their numbers for periods going back as far as two years. In turn the company suspended their filings as they started an internal investigation and audit of their books. This caused SONS to be delisted from the NASDAQ. SONS was relisted two days ago.

With SONS back on the NASDAQ and their filings back in order, we expect the company to expand profitably in the VoIP space. Net income for the most recent quarter, Q2, was $4.9 million or $0.02 per share.

VoIP stocks ran huge last fall and phone calls are now being channeled through the Internet at an even greater pace.

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