A leading provider of video and audio conferencing equipment
and related network infrastructure,
) recently unveiled a new technology called Polycom SoundStation
Connect, which offers HD voice technology to PC-based
soft-phones, hence facilitating small-group meetings inside or
outside the office premises.
SoundStation Connect technology provides sound clarity during
a meeting by eliminating background noise, echo and feedback,
while microphone pickup encircles an area of around 7 feet.
The new technology, when connected directly into any PC or
laptops USB port requires no software to run the application. The
new SoundStation Connect is well supported with USB power and is
well suited to most UC soft-phone applications used on computers
that support USB audio.
In Jan 2013, Polycom entered into a strategic agreement with
), to offer cloud-based video conferencing services to different
organizations. According to the company, the collaboration will
mobilize and virtualized video meetings, thereby easing the video
communication process for the businesses.
Recently, Polycom declared its fourth-quarter 2012 financial
results where the company's bottom line missed the Zacks
Consensus Estimate the top line beat. However, revenue for the
quarter declined by 8.6% year over year.
At present, Polycom is undergoing transition from
hardware-centric to cloud and software-centric business model.
The company has formed a consortium of open video exchange cloud
with 14 leading telecom service providers across the world.
Notable among them are
Verizon Communication Inc.
) and AT&T. This consortium will deliver business-to-business
(B2B) video conferencing through the cloud network.
The corporate video conferencing business is mainly dominated
). So development of such technology will help Polycom to improve
its revenue growth as well as to retain its market position going
Currently, Polycom carries a Zacks Rank #3 (Hold).
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