Sonus Networks (SONS) Warns for Q3, Full Year
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Sonus Networks (Nasdaq: SONS) expects to report a significant decrease in year-over-year revenue for the third quarter ended September 30, 2008. The Company further expects that its year-over-year revenue for the full year 2008 will decrease from the full year 2007.
CEO Richard Nottenburg said, "Our business experienced weakness toward the end of the quarter, due to several factors including the challenging environment. We expect this to continue for the foreseeable future."
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