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January 18, 2005 Stock Pick: Sonus Networks, Inc. (SONS)

Stock Price: $6.17

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.

SONS was bogged down most of last year due to accounting issues. The company has since remedied the problems through their own internal investigation.

The VoIP industry continues to gather steam, Sonus alone saw a 67% increase in customer traffic on its networks carrying over 10 billion minutes. The company recently made a deal with Samsung to resell and support Sonus' industry-leading VoIP infrastructure solutions to wireless service providers globally.

We believe SONS will have an outstanding year. In 2003, SONS opened the year at $1.10 and closed at $7.79.

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