67 WALL STREET, New York - January 24, 2012 - The Wall Street Transcript has just published its Wireless Communications & Telecom Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: 4G LTE and 3G Infrastructure Upgrades - Wireless Carriers Compete for Spectrum - Smartphone Operating Systems - Emerging Markets Growth Shifts to Data ARPU
Companies include: TriQuint Semiconductor (TQNT); U.S. Cellular (USM); AT&Ts (T); America Movil (AMX); and many more.
In the following brief excerpt from the Wireless Communications & Telecom Report, expert analysts discuss the outlook for the sector and for investors.
Zee Hakimoglu is President, Chief Executive Officer and Chairman of the board of ClearOne Communications. She joined ClearOne in December 2003 with more than 15 years of executive high-tech management experience. Prior to being appointed President and CEO, she served as ClearOne's Vice President of product-line management. In 2007, Ms. Hakimoglu was named "North American Audio Conferencing CEO" of the Year by Frost & Sullivan. In 2009, under Ms. Hakimoglu's leadership, ClearOne was named one of America's fastest-growing small public companies by Fortune Small Business magazine. Prior to serving as CEO at ClearOne, she served in a variety of executive management roles, including business development, product development and product marketing for several publicly traded companies. Ms. Hakimoglu earned a bachelor's degree in physics from California State College, Sonoma, and a master's degree in physics from Drexel University.
TWST: Please give us a history and an overview of ClearOne.
Ms. Hakimoglu: ClearOne (CLRO) is a small but very profitable company, currently listed on the Nasdaq. We've been around for about 20 years. We are a communications-solutions company that develops and sells audio-conferencing systems and related products for audio, video and Web conferencing applications. We've moved into some new domains that relate to that. Our products are used by literally thousands of organizations, from small businesses all the way up to global Fortune 500, Fortune 100, Fortune 10 companies. We sell our products to international governments and educational institutions as well. We serve a nice diverse spectrum of vertical markets, which include education, enterprise, government, health care, legal and finance, and even houses of worship. Whenever people need to communicate through hands-free media, we are there, and now with NetStreams and MagicBox, we have other solutions that extend the reach of our communication capabilities for the enterprise.
TWST: You provide enterprise conferencing and streaming systems. Would you please explain your specific products and services for us?
Ms. Hakimoglu: First of all, we provide endpoints, that is equipment which resides in the enterprise, sort of at the end of the user experience - in the AV closet, in the conference room or at the desktop. At the very high end, we sell installed professional audio equipment, which marries up in many cases to video equipment, to provide the best possible audio experience you can have in a conference room, a board room, a meeting room, a training hall or auditorium. Audio sounds different in every room because every room is acoustically different. There are disturbances like reflections and room noise. Our equipment improves the audio quality of a conference by specialized signal processing. Good audio is very important because you won't have a productive conference without it.The second component most used in a conference call is data.
You usually have a PowerPoint presentation or spreadsheet or something you want to share. Finally, the last element you may want in a conference is video. But natural and clear audio remains the single most important component for conferencing. Smaller rooms just need audio endpoints for tabletops, those are familiar conference phones. We make these too, but with some very unique conference phone features. With our MAX tabletop conference phones, the user can attach or daisy-chain up to four phones as needed.We also make personal conferencing phones called CHAT. These are very important because the communication infrastructure has moved away from your old-fashioned handset to your PC or laptop. When you are typing on your keyboard, or using your mouse to access a PowerPoint on your PC while having a call - which many, many people do these days - you need to have both hands free to use your computer.
TWST: What about MagicBox?
Ms. Hakimoglu: MagicBox is a very small company we purchased last September who makes digital-signage products. For our business we are not talking about those bothersome, big, bright roadside signs you see when you are driving at night. Digital signage is getting the right message to the right audience at the right time - another mode for communication in enterprise. So MagicBox provides the digital-signage content development, scheduling, management software and media players. Our MagicBox digital-signage solutions are intended for applications used in education, health care, houses of worship, hospitality and corporate communications. With the precipitous price drops for display technology, $5,000 displays are now less than $500, more businesses can easily and affordably migrate from fixed signage to programmable digital signage.
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