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Adtran CEO Thomas Stanton on the company’s sales and the impact of the AT&T/T-Mobile deal falling through.
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Trend this is a leading provider of things like networking and communications equipment are up today after reporting last night.
The quarterly results beat analysts' estimates on both the top and the bottom line.
Shares however are down more than 25% over the past year the issue with the earnings was that they were down 13% over the year but at -- stands.
Possibly to gain a from up failed multi billion dollar deal involving two Telecom giants.
Let's bring in Tom Stanton chairman and CEO -- joining us from Huntsville Alabama in a Fox Business exclusive and that would be of course.
The abandon effort by AT&T to try and pick up T-Mobile.
And that of course is what a lot of people including some analysts are saying maybe this could actually end up being good for you because part of your fall recently was due to the fact that.
AT&T stops spending a lot and they're one of your customers do you think the spending will come back to the levels that it had been in the past.
Well that's really hard hard to say -- I mean the -- T has historically been a large customer of ours but I would say that over the last year and a half to two years we've done a very good job of diversifying our revenue base.
So although.
There's been a lot of nervousness in the industry and a lot of nervousness from the financial community about what that pullback means for the vendors face I would say we actually made it through most of this year if not the entire year.
Pretty much unscathed by that and been able to post.
Could year over year growth I think were up 18% over last year in part -- that we're 25% so.
Hmmm I do think that you know there's a lot of talk about spending returning back but as far as we're concerned where we're we're moving forward either way.
Well I I think that's an important point because if you're not dependent audit -- you feel you've done well without it than that might make shareholders a little more comfortable but up for example other customers Verizon frontier communications.
Who filled the void who is really stepping up to the plate with spending.
Well for the market is typically segmented in the US is in multiple tiers -- -- tier one carriers which are the big guys it's AT&T and Verizon.
And -- the century linked quest combination.
And then you have the tier two carriers which -- -- frontiers fair points.
The Windstream to the world.
And we saw strength really from.
That segment in a way that we hadn't seen prior to this year really started coming on last year and then continued on through 2011.
We also saw strength in the a combined century -- quest properties where they were really focused on building out there no -- concerning to deliver higher speed services.
OK so so the sort of a little -- guys are are stepping up to the plate.
Let me ask 2 December you announced your can acquire the Nokia Siemens network fixed line broadband access.
And and we couldn't get a sense as to whether that would really be -- -- I think that the word was it would be neutral.
Wind will it.
Add to your bottom line.
Well what we said is that it would actually be neutral for the first twelve months okay acquisition and change it I guess that -- -- soon.
That has that has not changed at all aware of where where is excited about that is the day we announced it were working towards the meaning this close in the next two to three months or so and nothing has changed your mind and on -- so now we're right on target for four from a closing perspective -- right on target from a profitability perspective.
Our -- hiring I mean sometimes that really is that it is the real sign that a company is doing well.
We have hired have been hiring now for about a year and a half for two years as I mentioned we had gone through -- have been going through quite a growth spot in our in our business.
So we really started hiring.
And 2010.
Maybe a little earlier than that and have been selectively hiring through that now we have slow down.
A little as we dinner -- period of time because we are bringing on some folks from -- -- That we need to make sure that that you know we fit in integrated properly into our business but I would say they have to your question is are we still out there aren't people answers yes sorry well.
The stock up today.
Written nicely 8% and -- here to 3381 cents good news to see you today doing well we love to have you back thank you so much.
Well thank you very much for for inviting me Tom Stanton chairman and CEO of -- trend based in Huntsville Alabama not silicon.
