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  1. Into the Woods

    We think Embarq's strong cash flow and financial position are key strengths as it competes for telecom customers.

  2. The Squeeze Play

    We're raising our Embarq fair value estimate.

  3. Noble Prizes and Bubbles

    We don't expect Adtran's fourth-quarter results to be anything to write home about, but, in our opinion, we could be nearing the bottom in the access equipment spending slowdown, and Adtran should see improving fundamentals as it moves into 2007. Adtran has struggled through most of 2006 as carrier ...

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