Monday, August 08, 2005

Sonus Networks 2Q Profit Nearly Doubles

Sonus Networks, Inc. (SONS) a provider of infrastructure solutions for wireless service providers, in after hours said its second quarter profit nearly doubled, boosted by increased demand for its voice over internet protocol products.

2 Comments:

Blogger Gordengekko said...

We like MEMY but general rule of thumb is you don't hold a stock through earnings. If you were holding CKCM through earnings tonight you would not be a happy camper in a long position.
I generally don't buy until I have heard the CC.

Gekko

7:06 PM EDT  
Blogger Gordengekko said...

Pete-

You are welcome. Earnings is a 50-50 shot and basically gambling. You would be better off in Vegas spinning the wheel and picking red or black.

Gekko

7:18 PM EDT  

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