Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Important Phone Calls For Vertel

BusinessWeek Investor -- Inside Wall Street

Important Phone Calls for Vertel

When Vertel (VRTL), a provider of software for telecom networks, announced on Apr. 26 that Nokia had opted to use its products, Vertel's stock jumped six points, to 20. That was a big boost after the stock's precipitous plunge from 45 in the wake of the market sell-off that began in late March.

Vertel's software facilitates the interconnection of diverse communication systems. It enables such devices as cellular phones to become an integral part of a company's network. In the case of Nokia, a major supplier of cellular phones, Vertel's software will improve the flexibility and speed of Nokia's interfacing network.

Vertel's stock has since slid to 15 5/8. But not to worry, says one California money manager, who is betting that Vertel's stock will move toward the old highs.

He says two more telecom giants--Ericsson and Nortel Networks--will soon announce their selection of Vertel's software. Ericsson makes advanced systems and products for wired- and mobile-phone networks. Nortel provides telephone, data, wireless, and wireline products and services for the Internet.

Other companies that already use Vertel's software include Compaq Computer, Alcatel, and Palm Computing.By Gene G. MarcialReturn to top

Return to top

blog comments powered by Disqus