NEW YORK, NY -- (Marketwire) -- 10/11/12 -- The Communication Equipment Industry will look to benefit from a recent decision by the United States House Intelligence Committee disallowing Huawei and ZTE Corporation, China's leading telecom equipment producers, from the domestic telecom equipment market due to potential security issues. Five Star Equities examines the outlook for companies in the Communication Equipment Industry and provides equity research on Ciena Corporation (NASDAQ: CIEN) and Nokia Corporation (NYSE: NOK).
Access to the full company reports can be found at:
A report from the House intelligence Committee suggests that the U.S. government should prevent acquisitions or mergers by Huawei and ZTE, and government agencies and contractors should cease using equipment made by the companies. It has yet to be seen if this report will have effect on Huawei and ZTE business in other countries.
"Huawei and ZTE seek to expand in the United States, but as a result of our investigation, we do not have the confidence that these two companies with their ties to the Chinese government can be trusted with infrastructure of such critical importance," the committee's chairman, Michigan Republican Mike Rogers, said.
Five Star Equities releases regular market updates on the Communication Equipment Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.
Ciena shares fell sharply last month after reporting a larger third quarter loss than expected. "We continue to win in the market and take share as demonstrated by a solid operating performance in the third quarter," said Gary Smith, president and CEO of Ciena. But the company is "experiencing the effects of ongoing macroeconomic challenges and slower than expected roll-outs of new design wins."
Nokia has three operating segments: Devices & Services, NAVTEQ, and Nokia Siemens Networks. Nokia Siemens Networks provides mobile and fixed network infrastructure, communications and networks service platforms to operators and service providers. The company's smartphone marketing chief Ilari Nurmi has recently left the company after 15 years.
Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: