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The company counts Verizon , Sprint Nextel , and Vodafone as some of its biggest customers, and Starent sits in the sweet spot as these big telcos build out their businesses. Starent is even better at its business than Cisco , Cramer said, which is no small compliment coming from him.
In fact, Starent is so good Cisco might snatch up the smaller company as a way to roll up this market. And what a huge growth market it is, Cramer said. Remember: Growth money managers are will to pay up to two times the long-term growth rate for a stock. So the 96 times earnings is relatively cheap, especially in a slowing economy with fewer and fewer stocks delivering the kind of growth Starent is.
The earnings beat and raised guidance this past quarter gave Cramer every reason to think the growth will continue. The stock also hit a new intraday high Thursday. John P. Delea is the Chief Financial Officer at Altiostar. Delea leverages two decades of senior financial management and high technology experience as he and his team oversee all financial, legal and administrative aspects of Altiostar. Before joining Altiostar, Mr. Prior to Cisco, Mr. Delea held senior financial executive roles at Starent Networks until Delea is a Certified Public Accountant.
In this role, Mr. With over 30 years of Telecom experience, Mr. Kahhale brings a deep working knowledge of the wireless industry and the service providers segments and a successful track record in building customer relationships and businesses globally. Prior to Altiostar, Mr. Before joining Starent Networks, Mr.
Kahhale spent over 22 years with Nortel Networks leading several executive positions in the service provider business working and living in North America, Asia and Europe.
NEW YORK, June 5 (Reuters) - Starent Networks Corp., which provides hardware and software for mobile telephony, on Tuesday raised $ million. Multimedia infrastructure company, Starent Networks, has raised $ million in its initial public offering (IPO), more than the expected $ million. More wireless IPO news: Starent Networks filed plans today for an IPO that it hopes will bring in $ million. Starent is an infrastructure software.