SOURCE: Five Star Equities

Five Star Equities

August 08, 2012 08:20 ET

4G LTE Boom Spreading Rapidly Across the Globe -- Ciena and Vringo Look to Benefit

Five Star Equities Provides Stock Research on Ciena and Vringo

NEW YORK, NY--(Marketwire - Aug 8, 2012) - In what is reported as "the fastest developing mobile system technology ever" the 4G LTE boom has created significant opportunities throughout the technology sector. A recent report from the Global mobile Suppliers Association (GSA) forecasts the number of LTE networks across the world to more than triple the total from last year. Five Star Equities examines the outlook for companies in the Technology Sector and provides equity research on Ciena Corporation (NASDAQ: CIEN) and Vringo, Inc. (NYSE MKT: VRNG).

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According to an updated report from the Global mobile Suppliers Association by the end of 2012 there will be 150 commercial LTE networks. Around the world there are currently 280 carriers who are already working on launching an LTE network, while another 58 carriers are still in the process of researching and testing the technology before adoption. LTE networks have seen rapid growth around the world since 2009 when 2 networks were initially launched. That number quickly expanded over the next two years, to 17 in 2010 and 47 in 2011, before reaching the 89 networks across 45 countries today.

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Ciena is the network specialist. They collaborate with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they perform and compete. The company recently partnered with Philippines' telecoms leader PLDT to bring Ciena's coherent 100G technology to the Philippines.

Vringo is engaged in the innovation, development and monetization of mobile technologies and intellectual property. Vringo's patent portfolio consists of 31 patents, 11 of which have been granted. Shares of the company soared nearly 15 percent Monday after it was reported that AOL and Vringo reached a partial patent settlement.

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