CreditSights Announces Investment Opinion: CreditSights Initiates Coverage on Agere, Corning, JDS Uniphase and Qualcomm.Business Editors The following is an investment opinion issued by CreditSights NEW YORK--(BUSINESS WIRE)--Oct. 14, 2003 CreditSights' Ping Zhao initiates coverage of Agere Systems Agere Systems Inc. was an integrated circuit components company based in Allentown, Pennsylvania, in the Lehigh Valley region of Pennsylvania, in the United States. Effective April 2, 2007, it was merged into LSI Corporation. and Qualcomm at Overweight; Corning and JDS Uniphase JDS Uniphase Corporation (JDSU) NASDAQ: JDSU is a company that manufactures and designs products for fiber optic communication and test equipment. It is headquartered in Milpitas, California, USA. at Marketweight. In order, CreditSights' preference for these companies is Agere Systems, Qualcomm, Corning, and JDS Uniphase. Detailed company level reports will be published separately. CreditSights believes that the telecom and telecom equipment industries are evolutionary. Wireline investment will be focused on relieving "localized" congestions in both long haul Long distance. Long haul implies traversing a state or a country. Contrast with short haul. and metro networks Metro Networks is a broadcasting outsourcing company based in Houston, Texas. It is a subsidiary of Westwood One, which is managed by CBS Radio. The company operates a number of local and regional news and traffic facilities that provide regular reports to affiliates, together with . Relieving "localized" congestions will benefit network integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for and fiber manufacturers. Adoption of real-time wireless data services - the driver for WCDMA (Wideband CDMA) A 3G high-speed digital data service provided by cellular carriers that use the TDMA or GSM technology worldwide, including AT&T (formerly Cingular) and T-Mobile in the U.S. deployment - will be slow due to the Quality-of-Service (QoS) questions and customers' (un)willingness to pay Willingness to pay (WTP) generally refers to the value of a good to a person as what they are willing to pay, sacrifice or exchange for it. See also
At this time, CreditSights believes that the revenue and profitability of telecom equipment/components makers will continue to improve as they benefit from normal seasonality and completion of cost reduction efforts for some. For wireless related players, CreditSights believes that strong seasonality and stabilizing Average Selling Prices will also provide an opportunity to outperform. Zhiping (Ping) Zhao joined CreditSights in September 2003 to cover equities as part of the Capital Structure Advisory team for telecom carriers, equipment and component makers. Ping was previously a Senior Analyst at Sanford C. Bernstein, where she was responsible for equity coverage of the communication components companies. She holds a Ph.D. in Physics from Yale University and a B.Sc. in Physics from Tsinghua University in Beijing. Ping will work closely with the credit research analysts to spearhead the expansion of the capital structure product with the credit team providing extensive input on credit risk variables, bank line structural risks, funding needs and credit market trends that can affect financing risks for the telecom universe. About CreditSights Founded in 2000, CreditSights provides high quality, decision support tools to institutional investors globally. Through their website, CreditSights offers fundamental company research, market strategy, Emerging Markets research, and BondScore, the firm's quantitative tool for scoring credit risk. For more information go to www.creditsights.com |
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