Veraz Networks Inc. (VRAZ)

All Comments on VRAZ

  • commenter
    SeekingAlpha
    Editors
    Apr 06 05:21 AM
    My Website
    General Discussion on VRAZ
    Is this a buy or a sell? Reply
  • commenter
    jigs
    May 21 05:20 PM
    Veraz Networks: Another Tech IPO Coming Public Too Soon [view article]
    "I don't have the power to 'walk' or 'talk' down ipos to gain better entry, that is not what I do."

    Actually, investors do read columns which appear right below the ticker's quote. I have read quotes from your blog about VRAZ bad Q1 on Yahoo Finance boards posted by other people as a -ve. I am not sure how much it has hurted the stock, but it has.

    Yes, @ $11-13 IPO price, VRAZ was expensive and I give you that. But you were VERY wrong mis-leading investors about VRAZ possibly having a bad Q1. It had misled me into selling VRAZ before earnings. But then they handily beat expectations and delivered solid revenue growth YoY. And I bought in again after that for a discount.

    You still do not accept that you made a seriously wrong speculative statement, you were talking as if you already knew the numbers:

    "Why? Apparently its IP product revenues did not grow in the first quarter of 2007.So we've got an operation losing significant monies whose growth driver looks as if it may have stalled..."

    It grew 98% YoY and 17% sequentially.

    And about calling names, I apologize, but please educate your readers that when you write IPO columns, you are merely speculating them for a quick gain - flipping and that you are not in for the long term like many of the investors like me are. So naturally your writeups does have a lot of narrow and negative tone for IPOs which you do not expect to pop at open. In short let your readers know your trading objective and/or investment profile.     Reply
  • commenter
    bill simpson
    May 15 08:26 PM
    Veraz Networks: Another Tech IPO Coming Public Too Soon [view article]
    Think you need to gain a little objectivity, your subjectiveness in regard to this ticker appears to have clouded your judgement. I don't care for the derogatory comments about me by the way. no need to get personal simply because I disagree with you about this ticker. I don't have the power to 'walk' or 'talk' down ipos to gain better entry, that is not what I do. I wrote the above analysis pre-ipo based on the valuation of initial $10-$12 pricing range. VRAZ closed today at $5.88 today for what it is worth.

    I wish you well, appears you are quite green in the markets. Always painful lessons to learnm we've all learned them at one time or another. I would ask though to please keep personal attacks out of comments on pieces. thank you.     Reply
  • commenter
    jigs
    May 08 05:41 PM
    Veraz Networks: Another Tech IPO Coming Public Too Soon [view article]
    "It appears VRAZ did not have a stellar first quarter of 2007. In fact it expects overall revenues to decline sequentially in the first quarter of 2007. Why? Apparently its IP product revenues did not grow in the first quarter of 2007. So we've got an operation losing significant monies whose growth driver looks as if it may have stalled..."

    Right day trader! You really had the nerve to make such a speculative and misleading statement. Check out the earnings, their core IP revenues increased 98% annually and 18% sequentially. Revenues increased 27% compared to the prev year. Both earnings and revenues blew past estimates.

    If you want to maintain the slightest bit of creditability, accept that you were seriously wrong and applaud the results!     Reply
  • commenter
    jigs
    Apr 23 04:28 PM
    Veraz Networks: Another Tech IPO Coming Public Too Soon [view article]
    BTW, if you are upset that you missed out on buying at the lows and hence want to talk it down for you and your subscribers (I believe 100 or so), I can totally understand your mentality. VRAZ closed up another .47 cents (8%) today. Ouuch! So I guess nobody cared of your above opinion today, Double Ouuch !!! Reply
  • commenter
    jigs
    Apr 23 04:20 PM
    Veraz Networks: Another Tech IPO Coming Public Too Soon [view article]
    I am not convinced that you are giving VRAZ no chance even at the current price levels even though it is growing its core softswitch business 100% Year over Year. Veraz has specifically mentioned in their S1 that Mar 07 quarter (being the 1st quarter) is a seasonally slow Q and revenues can be down sequentially from the earlier quarter. But is it not standard filing practise and built into the price & estimates?

    And if we start reading into such fine prints and take such a short term and narrow view, I am pretty sure you would want to run away from all IPOs, nobody would ever want to invest in IPOs.

    Why would you not comment on their main competetion and their valuation? Here, I will do it for you:

    VRAZ: Market cap $250 mil - 2006 revenues - $100mil, trades at 2.5x times revenues and 2x expected 2007 revenues of $120-$130million. $81 mil in cash, no debt. Enterprise value $170 million.

    SONS: Market cap $2 BILLION - currently delinquent in filings with SEC - 2006 revenues not known- estimated @ $220 million - trades at 10x times 2006 revenues. $200 mil cash. EV $1.8 billion.

    So can you justify why SONS with just over double the revenues is trading @ 10 times valuation that of VRAZ. I believe it has do with 2 reasons:

    1. Profitability which VRAZ will be soon.
    2. VOIP/Softswitch market is currently at $2 billion growing @ 36% CAGR and expected to reach $10 billion by 2010. And with 400 US & international DCME customers, I am pretty sure that VRAZ will get a big pie of that as these customers continue to overhaul/upgrade their legacy networks.

    Also I believe with your negative & narrow term view, VRAZ selling to international Tier I/II customers is a bad thing. And I would say HELL NO! Given the recent Dollar weakness againsts all major US currency, VRAZ stands to in fact gain a heck lot from it given that it derived 80% of its 2006 revenues from International market.     Reply
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