Belvedere Research

Polycom Benefits From Rising Travel Costs

I couldn't agree more about PLCM as a solid medium to long term tech play. The products (including telepresence) are rock solid, the segment is one which can benefit from either a strengthening of the economy or a weakening, and the valuation at current price levels offers a great risk/reward proposition.

My only question about PLCM relates to the investor relations of mgmt. This was the first webcast that I watched in its entirety and there was something "off" about the flow of the call, maybe the marginal video quality, or maybe the rah-rah spinning of all responses. Did you/anyone else walk away with this sense?

Still, I'm long PLCM and think the story is too good to pass up