SONS is building the next generation of communication network. After a much hyped IPO in the early part of this decade, reality hit with a big hammer as telcom spending tanked. Next came a disastrous options investigation. Everything is settled now. The company has over 400 million in cash, is relatively cheap, and should grow EPS at north of 25% a year for several more years. High profile wins at BT and continued traction at long term customers AT&T, NTT, and many others bodes well for long term holders.