Veraz Networks, Inc. (VRAZ) - 500 Beiträge pro Seite

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Profile:Veraz Networks, Inc. provides Internet protocol (IP), softswitches, media gateways, and digital compression products to wireline, wireless, and broadband service providers worldwide. It also engages in the sale of digital circuit multiplication equipment. The company's products are used to transport, convert, and manage voice traffic on legacy and IP networks, enabling voice over IP, and other multimedia communications services. Its IP products consist of ControlSwitch softswitch solution and I-Gate 4000 family of media gateway products, which enables service providers to deploy IP networks and migrate from their circuit-switched networks to IP networks. The company also offers services consisting of hardware and software maintenance and support, installation, training, and other professional services. It sells its products through a direct sales force, distributors, systems integrators, and resellers. Veraz Networks was founded in October 2001 under the name Softswitch Enterprises, Inc. and changed its name to NexVerse Networks, Inc. in December 2001. Later, it changed its name to Veraz Networks, Inc. in 2002. The company is headquartered in San Jose, California.


http://www.veraznetworks.com/

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Golden Telecom Selects Veraz's Next-Generation Platform
Monday June 18, 2:00 am ET
ECI Telecom partners on multi-million dollar project to migrate the existing national long distance legacy TDM federal transit network to NGN


MOSCOW--(BUSINESS WIRE)--Today, ECI Telecom, Inc. (NASDAQ: ECIL - News) and Veraz Networks, Inc. (NASDAQ: VRAZ - News) announced that Golden Telecom, Inc. (NASDAQ: GLDN - News), a leading facilities-based provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States ("CIS"), has chosen Veraz's platform for a massive upgrade of its TDM network to a next-generation network (NGN).
Source: ECI Telecom, Inc.




ECI, a global provider of networking infrastructure equipment, represents Veraz in Russia and the CIS countries. Veraz, a leading global provider of IP softswitch and media gateway solutions, is providing Golden Telecom with its next-generation platform to expand their Federal Transit Network (FTN) in order to provide domestic long distance services. Veraz ControlSwitch(TM) Interconnect softswitch along with Veraz I-Gate 4000 PRO(TM) and I-Gate 4000 EDGE Media Gateways(TM) will be deployed across the entire Federal Transit Network for this TDM to IP switch migration.

Veraz's NGN platform architecture allows network system resources to be allocated proportionately between sites, and enables a smooth migration of the national long distance segment of the FTN by facilitating interconnection between legacy and NGN equipment. Additionally, Veraz's platform makes it easy to expand system capacity.

"We are very proud to be chosen to migrate one of Russia's largest national long distance networks from TDM to NGN," said Doug Sabella, CEO of Veraz Networks. "This is a testament to the ability and flexibility of our ControlSwitch NGN platform to meet the demands of any size network, and it further strengthens our position in the fast-growing Russian market."

About Golden Telecom

Golden Telecom, Inc. (NASDAQ: GLDN - News) is a leading facilities-based provider of integrated telecommunications and Internet services in major population centers throughout Russia and other countries of the Commonwealth of Independent States ("CIS"). The Company offers voice, data and Internet services to corporations, operators and consumers using its overlay network in major cities including Moscow, Kiev, St. Petersburg, Nizhniy Novgorod, Samara, Kaliningrad, Krasnoyarsk, Alma-Ata, and Tashkent, as well as leased intercity fiber optic and satellite-based networks, including approximately 293 combined access points in Russia and other countries of the CIS. The Company offers cellular communication services in Kiev and Odessa. Statements contained herein are forward-looking and are made in compliance with safe harbor provisions of the Securities Litigation Reform Act of 1995.

About ECI Telecom

ECI Telecom delivers innovative communications platforms to carriers and service providers worldwide. ECI provides efficient platforms and solutions that enable customers to rapidly deploy cost-effective, revenue-generating services.

Founded in 1961, Israel-based ECI has consistently delivered customer-focused networking solutions to the world's largest carriers. The Company is also a market leader in many emerging markets. ECI provides scalable broadband access, transport and data networking infrastructure that provides the foundation for the communications of tomorrow, including next-generation voice, IPTV, mobility and other business solutions. For more information, please visit www.ecitele.com.

Certain statements contained in this release may contain forward-looking information with respect to plans, projections or future performance of the companies mentioned in the press release above. By their nature, forward-looking statements involve certain risks and uncertainties including, but not limited to, product and market acceptance risks, the impact of competitive pricing, product development, commercialization and technological difficulties and other risks detailed in each of said companies' filings with the Securities and Exchange Commission.

About Veraz Networks, Inc. (NASDAQ: VRAZ - News)

Veraz (www.veraznetworks.com) is a leading global provider of IP softswitches, media gateways and digital compression products that enable voice, video and other multimedia services. Wireline, broadband and wireless service providers in over 50 countries have deployed Veraz's IP product suite to transport, convert and manage voice and multimedia traffic over both legacy and IP networks. Veraz products allow service providers to quickly and efficiently migrate from traditional voice networks to all-IP, fixed-mobile and multimedia networks consistent with emerging IMS standards.

This press release may contain forward-looking statements regarding future events that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. These forward-looking statements involve risks and uncertainties, as well as assumptions that if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include but are not limited to, future sales of Veraz products in Russia and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Veraz' business are set forth in our Registration Statement on Form S-1 filed with the SEC, including the "Risk Factors" section in our final Prospectus dated April 4, 2007 and our quarterly report on 10-Q filed on May 15, 2007. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.

MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5427978



Contact:
Golden Telecom
Public Relations:
Lev Chentsov, [phone]
Fax: [phone]
[e-mail]
or
Investor Relations:
Alexey Subbotin, [phone]
Fax: [phone]
[e-mail]
www.goldentelecom.com
or
Veraz Networks
Ed Camarena, [phone]
[e-mail]
or
PR@vantage
Ilene Adler, [phone] ex102
[e-mail]
or
Investor Relations:
The Blueshirt Group
Cynthia Hiponia, + 1-415-217-4966
[e-mail]
or
ECI Telecom
Media Relations:
Sandra Welfeld, Corporate Communications, [phone]
[e-mail]
or
PR@vantage
Fran Bosecker, 1-845-536-1416
[e-mail]
or
Investor Relations:
Elana Holzman, VP Investor Relations, [phone]
[e-mail]

--------------------------------------------------------------------------------
Source: ECI Telecom, Inc.

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Veraz Networks, Inc. Reports Record Second Quarter 2007 Financial Results
Monday August 6, 4:05 pm ET
-- IP Revenues Increase by 87%, Total Revenues Increase by 35% to $31.2 Million
-- First Ever Profitable Quarter with $2.1 million Net Income


SAN JOSE, Calif.--(BUSINESS WIRE)--Veraz Networks, Inc. (NASDAQ:VRAZ - News), a leading global provider of IP softswitch and media gateway solutions, today released financial results for the second quarter ended June 30, 2007.
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Revenues for the second quarter of 2007 were $31.2 million, a year-over-year increase of 35% from the second quarter of last year. Revenues for the period ended June 30, 2007 were $58.6 million, a 31% increase over revenues for the six-month period ending June 30, 2006. Second quarter IP product revenues were $21.4 million, an increase of 87% over the second quarter of 2006, and marks the sixth consecutive quarter of record IP revenues. Year to date IP product revenues were $39.0 million, an increase of 92% over the same period of last year.

For the second quarter of 2007, Veraz recorded net income of $2.1 million, including $0.6 million in stock-based compensation expense, as compared to the second quarter of last year with a net loss of $6.2 million, including $0.2 million in stock-based compensation expense. Year to date net income was $1.0 million, including $1.1 million in stock-based compensation expense, as compared to the same period of last year with a net loss of $9.7 million, including $0.3 million in stock-based compensation expense.

"I am very pleased with the continued robust growth of our VoIP business, which is being driven by our solid reputation as a technology leader and trusted supplier to some of the most innovative telecom companies in the world. Our global market penetration strategy of targeting the regions that are rapidly migrating to sophisticated, all-IP network deployments continues to be validated by our growing number of IP customers, as well as the macro-economic trends that are driving globalization. The growth of our IP revenues continues to outpace the growth of the VoIP market by a substantial margin, and we continue to gain market share," commented Doug Sabella, president and chief executive officer of Veraz.

"We are pleased to have delivered strong results for Q2 - record IP revenues for the sixth consecutive quarter, strong gross margins, tightly controlled operating expenses and the first profitable quarter in the history of Veraz Networks," said Al Wood, CFO. "For the second half of 2007, we expect to see a continuation of the momentum we have seen in 2006 and the first half of 2007. Accordingly, we are raising our guidance for the full year of 2007 to revenues of approximately $123 million to $126 million, and net income of approximately $3 million to $6 million."

In the second quarter of 2007, Veraz completed its Initial Public Offering (IPO) of common stock in which it raised a total of $54.0 million in gross proceeds. Upon the closing of the IPO, the convertible preferred stock outstanding converted into shares of common stock. The beneficial conversion feature of some of the convertible preferred stock resulted in a one-time non-cash deemed dividend of $6.0 million, which reduced the second quarter of 2007 earnings per share available to common stockholders by approximately $0.15 per share. To calculate earnings/(loss) per share, the non-cash deemed dividend is considered a reduction in net income available to common stockholders, thus resulting in a basic and diluted net loss allocable to common stockholders of $(0.10) per share for the second quarter of 2007, as compared to a net loss allocable to common stockholders of $(0.46) per share for the second quarter of last year, and a year to date net loss allocable to common stockholders of $(0.19) per share, as compared to a net loss allocable to common stockholders of $(0.73) per share for the same period of last year.

Recent Highlights

Announced that Golden Telecom, a leading telecom provider in Russia, chose the Veraz platform for a large upgrade of its TDM network to a Next Generation Network (NGN). Golden Telecom will be deploying the Veraz ControlSwitch Interconnect softswitch and the new I-Gate 4000 PRO and I-Gate 4000 EDGE Media Gateways across its entire network for its IP migration.
Announced the release of the I-Gate 4000 PRO. Using the PRO, a wireless carrier can increase the capacity of its voice network by up to 12 times while maintaining voice quality, and enabling 16,800 concurrent VoIP calls per chassis.
Announced an enhancement to the softswitch product line with the latest release of the ControlSwitch Interconnect with a new directory services element, a new signal element and an advanced QoS-based routing module.
Announced enhancements to the IP Multimedia Subsystem which enables application resources to be shared by multiple operators. Operators can mix and match innovative services from other operators in combination with their own services.
Introduced advances to the distributed switching solution that increases the deployment and management efficiency of multiple switching nodes. The advances allow large national and multinational networks to distribute their switching infrastructure into separate or multiple regional switching centers. The unique architecture allows both centralized management and distributed intelligence.
Conference Call Information

Veraz will host a conference call and live webcast at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) this afternoon, August 6, 2007, to discuss its financial results and outlook. The live webcast will be accessible from the "Investor Relations" section of the Veraz website (www.veraznetworks.com). The webcast will be archived for a period of 30 days. A telephonic replay of the conference call will also be available two hours after the call and will run for two days. To hear the replay, parties in the United States and Canada should call 800-405-2236 and enter passcode 11093088. International parties should call 303-590-3000 and enter passcode 11093088.

About Veraz Networks

Veraz is a leading global provider of Internet Protocol, or IP, softswitches, media gateways and digital compression products to established and emerging wireline, wireless and broadband service providers. Service providers use Veraz products to transport, convert and manage voice traffic over legacy and IP networks, while enabling voice over IP, or VoIP, and other multimedia communications services. Veraz IP products, which consist of the company's innovative ControlSwitch softswitch solution and I-Gate 4000 family of media gateway products, enable service providers to deploy IP networks and efficiently migrate from their legacy circuit-switched networks to IP networks. Additional information about Veraz Networks (NASDAQ:VRAZ - News) is available at www.veraznetworks.com.

Forward Looking Statements

This press release may contain forward-looking statements regarding future events that involve risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results. These forward-looking statements involve risks and uncertainties, as well as assumptions that if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include but are not limited to, the timing of the initiation, progress or cancellation of significant contracts or arrangements; the mix and timing of products and services sold in a particular period; the impact of our revenue recognition policies on the timing of both revenues and the related expenses; our inability to maintain relationships with our indirect channel partners; the reluctance of customers to migrate to an IP network architecture; rapid technological change and our ability to continue to deliver products that are competitive in the marketplace; general economic and business conditions; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Veraz' business is set forth in our Registration Statement on Form S-1 filed with the SEC, including the "Risk Factors" section in our final Prospectus filed April 5, 2007 and Veraz' Quarterly Report on Form 10-Q for the quarter ended March 31, 2007 as filed with the Securities and Exchange Commission. Thee filings are available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.

A copy of this press release can be found on the investor relations page of Veraz's website at www.veraznetworks.com.

Veraz is a registered trademark of Veraz Networks, Inc. I-Gate 4000 PRO, I-Gate 4000 EDGE, ControlSwitch, and ControlSwitch Internconnect are trademarks of Veraz Networks, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

VERAZ NETWORKS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations
(In thousands, except share and per share data, unaudited)


Three Months Ended June 30, Six Months Ended June 30,
--------------------------- -------------------------
2007 2006 2007 2006
------------- ------------ ------------ ------------

Revenues:
IP Products $ 21,369 $ 11,434 $ 39,019 $ 20,368
DCME Products 4,496 9,369 9,630 19,551
Services 5,293 2,238 9,964 4,774
------------- ------------ ------------ ------------
Total
revenues 31,158 23,041 58,613 44,693
------------- ------------ ------------ ------------

Cost of
Revenues:
IP Products 7,637 5,507 14,833 8,901
DCME Products 1,166 3,615 3,287 7,525
Services 3,055 2,681 5,753 4,570
------------- ------------ ------------ ------------
Total cost of
revenues 11,858 11,803 23,873 20,996
------------- ------------ ------------ ------------

------------- ------------ ------------ ------------
Gross profit 19,300 11,238 34,740 23,697
------------- ------------ ------------ ------------

Operating
Expenses:
Research and
development,
net 7,870 8,370 15,604 16,295
Sales and
marketing 6,976 7,113 12,939 13,167
General and
administrative 2,368 2,126 4,721 4,126
------------- ------------ ------------ ------------
Total
operating
expenses 17,214 17,609 33,264 33,588
------------- ------------ ------------ ------------

Income (loss)
from operations 2,086 (6,371) 1,476 (9,891)
Other income,
net 305 169 105 234
------------- ------------ ------------ ------------

Income (loss)
before income
taxes 2,391 (6,202) 1,581 (9,657)
Income taxes 265 4 629 22
------------- ------------ ------------ ------------
Net income
(loss) $ 2,126 $ (6,206) $ 952 $ (9,679)
============= ============ ============ ============


Net income
(loss) $ 2,126 $ (6,206) $ 952 $ (9,679)
Deemed dividend
on Series D
convertible
preferred
stock (5,980) - (5,980) -
------------- ------------ ------------ ------------
Net loss
allocable to
common
stockholders $ (3,854) $ (6,206) $ (5,028) $ (9,679)
============= ============ ============ ============

Net loss
allocable to
common
stockholders
per share -
basic and
diluted $ (0.10) $ (0.46) $ (0.19) $ (0.73)

Weighted average
shares
outstanding
used in
computing net
loss allocable
to common
stockholders
per share --
basic and
diluted: 39,727,080 13,373,261 26,898,861 13,258,913

VERAZ NETWORKS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets
(In thousands)

June 30, 2007 December 31, 2006
--------------- -----------------
(unaudited)
ASSETS
Current assets:
Cash and cash equivalents $ 61,756 $ 23,189
Restricted cash 601 500
Short term investments 3,070 -
Accounts receivable, net 36,556 24,451
Inventories 13,578 14,203
Prepaid expenses 1,282 2,578
Deferred tax assets 119 -
Other current assets 2,693 2,614
Due from related parties 708 1,452
--------------- -----------------

Total current assets 120,363 68,987
Property and equipment, net 6,528 7,123
Other assets 95 151
--------------- -----------------

Total assets $ 126,986 $ 76,261
=============== =================

LIABILITIES, REDEEMABLE AND CONVERTIBLE PREFERRED STOCK, AND
STOCKHOLDERS' EQUITY (DEFICIT)

Current liabilities:
Accounts payable $ 12,472 $ 9,042
Accrued expenses 15,035 16,519
Income tax payable 112 258
Current portion of loan payable 3,150 1,277
Current portion of deferred
revenue 26,323 27,074
Due to related parties 4,656 7,256
--------------- -----------------

Total current liabilities 61,748 61,426
Loan payable, less current portion 1,498 3,147
Noncurrent portion of deferred
revenue - 454
--------------- -----------------

Total liabilities 63,246 65,027
--------------- -----------------

Redeemable and convertible preferred
stock: - 64,541

Stockholders' equity (deficit):
Common stock and additional paid-
in-capital 122,905 6,989
Deferred stock-based compensation (511) (690)
Accumulated deficit (58,654) (59,606)
--------------- -----------------
Total stockholders' equity
(deficit) 63,740 (53,307)
--------------- -----------------

Total liabilities, redeemable and
convertible preferred stock, and
stockholders' equity (deficit) $ 126,986 $ 76,261
=============== =================

VRAZ-IR



Contact:
The Blueshirt Group
Cynthia Hiponia, 415-217-4966 (Investor Relations)
[e-mail]
or
PR@vantage
Ilene Adler, 415-984-1970 ext. 102 (Press)
[e-mail]

--------------------------------------------------------------------------------
Source: Veraz Networks, Inc.

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Veraz Networks \"equal weight,\" estimates raised

Tuesday, August 07, 2007 12:12:49 PM ET
Lehman Brothers

NEW YORK, August 7 (newratings.com) - Analyst Marcus L Kupferschmidt of Lehman Brothers maintains his \"equal weight\" rating on Veraz Networks Inc (ticker: VRAZ), while raising his estimates for the company. The target price is set to $8.

In a research note published this morning, the analyst mentions that the company has posted its Q2 results ahead of expectations. Verz Networks’ VoIP gross margin estimate has been raised from 59% to 60%-61% due to the expectations of a potential improvement in the sales mix going forward, the analyst adds. The EPS estimates for 2007 and 2008 have been raised from -$0.05 to $0.14 and from $0.11 to $0.25, respectively.

[50bager]

hab mir heute die erste stücke gekauft!

[50bager]

VRAZ: FTN Midwest Res Starts @ Buy

Thursday , August 16, 2007 10:15ET

Issuer: Veraz Networks Inc (NasdaqNM: VRAZ)

Analyst Firm: FTN Midwest Research

Ratings Action: INITIATE

Current Rating: Buy