Ceragon Has a Lot to Offer in Its Niche

Morgan Stanley analyst Mary Meeker spoke about mobile Internet-connected devices at the Web 2.0 conference in San Francisco. She expects that we are at the beginning of a massive technology revolution of the mobile Internet, led by Apple’s (AAPL) mobile devices the iPhone and iPod Touch, two devices with the highest growth rate ever in the history of new launches.

According to Meeker, the revolution will be ten times greater than the desktop Internet revolution, and it is expected to grow at a much faster pace. Surrounding the revolution, all of today’s wireless technologies will flourish: WiFI, GPS, 3G, Bluetooth, and others.

One of the Israeli companies that is connected to mobile Internet technology is Ceragon Networks Ltd. (Nasdaq: CRNT). In line with Meeker’s predictions about growth in mobile Internet, it is known that the cellular network infrastructure, especially in developed countries like the US, won’t handle the expected traffic burden without massive investment over the next few years, and Ceragon has a lot to offer in its niche.

Disclosure: Author holds shares as part of his portfolio tracked by "Globes".

Published originally by Globes [online], Israel business news - www.globes.co.il
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009. Republished on Seeking Alpha with full permission.