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ZOOM TECHNOLOGIES INC (ZOOM)

ZOOM Technologies, Inc., through its subsidiary, Zoom Telephonics, Inc., engages in the design, production, marketing, sale, and support of Internet related hardware products, including broadband and voice over Internet protocol products and services, and other communication-related products worldwide. It offers dial-up modems, digital subscriber line modems, cable modems, embedded modems, cameras, integrated services digital network modems, telephone dialers, and wireless and wired networking equipment. The company sells its products primarily through distributors, retailers, Internet service providers, voice service providers, resellers, personal computer system integrators, and original equipment manufacturers. ZOOM Technologies was cofounded by Frank B. Manning and Peter R. Kramer. The company was incorporated under the name, 1519 Holdings, Ltd. in 1986 and changed its name to Zoom Telephonics, Inc. in 1987. Its name was further changed to Zoom Technologies, Inc. in 2002. The company is headquartered in Boston, Massachusetts.


VERIZON COMMUNICATIONS INC (VZ)

Verizon Communications, Inc. provides broadband and other communication services to wireline and wireless customers in the United States. The company operates through three segments: Domestic Telecom, Domestic Wireless, and Information Services. The Domestic Telecom segment provides local telephone services, including voice and data transport, enhanced and custom calling features, network access, directory assistance, private lines, public telephones, digital channel service, and integrated services digital network. It also provides long distance services, customer premises equipment distribution, data solutions and systems integration, Internet access services, and inventory management services. The Domestic Wireless segment offers wireless voice and data services, as well as sells related equipment. The Information Services segment engages in print and online directory publishing, as well as provision of content for electronic communications products and services, and Web site creation services. The company also provides voice switching/processing services, end-user networking services, personal computer-based conferencing, internetworking, data transmission, network integration services, and network monitoring services. Verizon provides communication services to approximately 49.3 million voice and data customers in 28 states. Its international presence includes wireline and wireless communications operations and investments, primarily in the Americas and Europe. In addition, Verizon has teamed up with Yahoo! Inc. to launch a high-speed Internet service. The company was incorporated in 1983 under the name Bell Atlantic Corporation. It changed its name to Verizon Communications, Inc. in 2000. Verizon is based in New York City.


RESEARCH IN MOTION LIMITED (RIMM)

Research In Motion Limited engages in the design, manufacture, and marketing of wireless solutions for the mobile communication market worldwide. The company provides platforms and solutions for access to email, phone, short message service, organizer, Internet, and intranet-based corporate data applications. It also licenses its technology to handset and software vendors to enable these companies to offer wireless data services using the BlackBerry Enterprise Server and BlackBerry Internet Service. The company also enables various third party developers and manufacturers to improve their products and services with wireless connectivity. The company offers its products to carrier partners, resellers, and end users. The company was incorporated in 1984 and is headquartered in Waterloo, Canada.


QUALCOMM INCORPORATED (QCOM)

QUALCOMM Incorporated engages in the design, development, manufacture, and marketing of digital wireless telecommunications products and services based on its Code Division Multiple Access (CDMA) technology. It develops and supplies CDMA-based integrated circuits and system software for wireless voice and data communications, multimedia functions, and global positioning system products to wireless device and infrastructure manufacturers. The company grants licenses to use portions of its intellectual property portfolio, which includes patent rights essential to or used in the manufacture and sale of CDMA products. It provides satellite and terrestrial-based two-way data messaging and position reporting services for transportation companies, private fleets, construction equipment fleets, and other enterprise companies. The company provides the Binary Runtime Environment for Wireless product and services to wireless network operators, handset manufacturers, and application developers and support for developing and delivering over-the-air wireless applications and services. It also makes strategic investments to provide worldwide adoption of CDMA products and services for wireless voice and Internet data communications. The company markets its products through direct sales force, partnerships, and distributors in the United States, Europe, the Middle East, Argentina, Brazil, Canada, China, Japan, South Korea, and Mexico. QUALCOMM was incorporated in 1985 and is based in San Diego, California.


ALLTEL CORPORATION (AT)

ALLTEL Corporation, through its subsidiaries, provides wireless and wireline local, long-distance, network access, and Internet services in the United States. The company provides various voice features along with its wireless calling plans, including call waiting, call forwarding, caller identification, three-way calling, no-answer transfer, directory assistance call completion, and voicemail. The company also publishes telephone directories for affiliates and other independent telephone companies. In addition, it provides billing, customer care, and other data processing and outsourcing services to telecommunications companies. As of December 31, 2004, the company provided wireless communications service to approximately 8.6 million customers, paging service to approximately 22,000 customers, and local telephone service to 3.0 million customers. The company sells its wireless products and services through its retail stores, retail kiosks, dealers, and direct sales representatives. ALLTEL was founded in 1943 and is based in Little Rock, Arkansas.


BROCADE COMMUNICATIONS SYSTEMS INC (BRCD)

Brocade Communications Systems, Inc., through its subsidiaries, engages in the design, development, marketing, sale, and support of data storage networking and data management solutions. It offers storage networking switches, which provide bandwidth and high-speed routing of data; port switches, including fixed-port services, modular chassis, and embedded blades; and support key applications, such as data backup, remote mirroring, and clustering, as well as provides transaction processing applications that consist of enterprise resource planning and data warehousing. The company also offers fabric operating system that provides the infrastructure for deploying storage area networks (SANs), as well as provides management tools that enable end-users to manage and administer its SANs. Brocade Communications Systems also provides AP7420, an intelligent switching platform that is designed to host SAN fabric-based storage management applications while integrating with existing Brocade SAN infrastructures. In addition, it provides application infrastructure solutions, which comprise software and/or systems that are connected to a customer's shared storage environment to provide new capabilities for the customer that extend and complement the customer's storage network. These infrastructure solutions include application resource services, data migration services, and file services. In addition, the company offers a range of professional and support services to facilitate customer projects; to assist customers in the design, implementation, and operation of SAN; and to provide extended customer support. Brocade Communications Systems markets its products through various distribution partners, including original equipment manufacturer partners, value-added distributors and resellers, and systems integrators worldwide. The company was founded in 1995 and is headquartered in San Jose, California.


POWERWAVE TECHNOLOGIES INC (PWAV)

Powerwave Technologies, Inc. supplies wireless solutions for wireless communications networks worldwide. The company operates in two segments, Wireless Communications and Contract Manufacturing. The Wireless Communications segment sells wireless communications network products and coverage solutions, including antennas, boosters, combiners, filters, radio frequency power amplifiers, repeaters, tower-mounted amplifiers, and advanced coverage solutions for use in cellular, PCS, and 3G wireless communications networks. The Contract Manufacturing segment manufactures and sells advanced industrial components, primarily for the automotive and food industries, under contract manufacturing. The company sells its products to wireless original equipment manufacturers and operators of wireless networks. It operates primarily in North America, Asia, Europe, and other international countries. Powerwave Technologies was incorporated in 1985 under the name Milcom International, Inc. and changed its name to Powerwave Technologies, Inc. in 1996. The company is headquartered in Santa Ana, California.


NORTEL NETWORKS CORPORATION (NT)

Nortel Networks Corporation engages in the design, development, manufacture, assembly, marketing, sale, licensing, installation, servicing, and support of networking solutions that consists of hardware, software, and services. It operates in four segments: Wireless Networks, Enterprise Networks, Wireline Networks, and Optical Networks. The Wireless Networks segment provides communications networks that enable end-users to be mobile while they send and receive voice and data communications using wireless devices, such as cellular telephones, personal digital assistants, and other computing and communications devices. The Enterprise Networks segment provides data, voice, and multimedia communications solutions that include circuit and packet voice solutions, and data networking and security solutions to enterprise customers. The Wireline Networks segment provides data, voice, and multimedia communications solutions to service providers, such as local and long distance telephone companies, wireless service providers, cable operators, and other communication service providers. The Optical Networks segment solutions transport data, voice, and multimedia communications within and between cities, countries, or continents by transmitting communications signals in the form of light waves through fiber optic cables. This segment consists of long-haul and metropolitan optical products. Nortel Networks serves various enterprise customers, such as large businesses and branch offices, small businesses, home offices, and government agencies; educational and other institutions, and utility organizations; customers in the telecommunications, manufacturing, government, and financial services sectors; and customers in the healthcare, retail, education, hospitality, services, transportation, and other industry sectors worldwide. The company has strategic alliances with Calix Networks, Inc.; ECI Telecom, Ltd.; and KEYMILE AG. Nortel Networks is headquartered in Brampton, Canada.


ARRIS GROUP INC (ARRS)

ARRIS Group, Inc. engages in the development, manufacture, and supply of telephony, data, video, construction, rebuild, and maintenance equipment for the broadband communications industry. It also provides hybrid fiber-coax networks and systems. The company provides its products and equipment principally to the cable television market and to multiple cable systems operators. Its cable telephony offer local and long distance residential telephone services. The company provides its products and equipment primarily to the cable television market and to operators of multiple cable systems in North America, Europe, Latin America, Canada, China, Hong Kong, Japan, Korea, Singapore, and Taiwan. ARRIS Group headquartered in Suwanee, Georgia.


TELLABS INC (TLAB)

Tellabs, Inc. engages in the design and marketing of communications equipment to telecommunications service providers worldwide. The company's products are classified into transport, managed access, voice quality, broadband data, and access products. Transport systems include digital-cross connect systems, transport products, transport switches, and optical transport systems. Managed access systems include mobile transmission systems, which are used for cell site aggregation and backhaul; cable telephony distribution systems, which enable cable television providers, alternate access carriers, and competitive access providers to build communication networks that support the integrated delivery of video and circuit-switched voice and data services; and edge nodes, core nodes, switch nodes, and transport switches. Voice-quality systems primarily consists broadband and narrowband echo cancellers, integrated echo cancellation, and other voice-quality solutions to manage voice quality in wireless, long distance, and private communications networks. Broadband data systems include multiservice routers, which enable carriers to integrate frame relay, asynchronous transfer mode network services, Ethernet, and Internet protocol (IP) data networks onto a converged multiprotocol label switching infrastructure (MPLS). It also includes managed edge systems, which are IP/MPLS-based platforms with service management tools. Access Products include optical networking terminals for fiber to the premise access systems. Tellabs products and services provide solutions for wireline services to business and residential customers, wireless services, and broadband data networking. The company also provides installation and professional services, such as network deployment, traffic management, support services, and training. It sells its products through its field sales force and distributors. Tellabs was founded in 1974 and is headquartered in Naperville, Illinois.


AMERICA MOVIL S.A. DE C.V (AMX)

America Movil, S.A. de C.V. provides wireless communications services primarily in Latin America. The company, through Radiomovil Dipsa, S.A. de C.V., provides cellular telecommunications service in Mexico. The company also offers fixed line and wireless services, as well as sells and distributes prepaid wireless services and wireless phones throughout the United States, Puerto Rico, and the U.S. Virgin Islands. It also offers its services in Brazil, Central America, Colombia, and Ecuador. As of December 31, 2004, the company had approximately 60.6 million subscribers; and approximately 1.9 million fixed lines in Guatemala, Nicaragua, and El Salvador. America Movil S.A. is based in Mexico, D.F., Mexico.


AVAYA INC (AV)

Avaya, Inc. provides communication systems, applications, and services. The company operates in two segments, Global Communications Solutions and Avaya Global Services. The Global Communications Solutions segment provides Internet protocol (IP) telephony offerings, such as Communication Manager, a voice application software; media servers; media gateways; a suite of management tools to support voice and data network infrastructures; Avaya Extension to Cellular solution; Session Initiation Protocol enablement services solution; and an Application Enablement platform that allows enterprises and call centers to combine various applications to the telephony and call center infrastructure. It also offers enterprise communications applications; hardware systems and software applications for customer contact centers; unified communications; a line of digital and IP devices and in-building wireless handsets, and software that extend the reach of enterprise communications by residing on alternative devices. In addition, the segment provides Communication Server Integral, traditional voice systems, and Avaya IP Office to deliver converged voice and data communications solutions. The Avaya Global Services segment provides business communications strategy development and planning, applications design and integration, migrating to IP, securing communications networks and ensuring continuity, day-to-day communications support and network monitoring, and managing business communications solutions. The company serves enterprises operating in financial, manufacturing, media and communications, professional services, health care, education, and governmental industries through distributors, dealers, value-added resellers, telecommunications service providers and system integrators worldwide. Avaya was incorporated under the name Lucent EN Corp. in February 2000 and changed its name to Avaya, Inc. in June 2000. The company is headquartered in Basking Ridge, New Jersey.


MOTOROLA INC (MOT)

Motorola, Inc. provides mobility products and solutions across broadband, embedded systems, and wireless networks worldwide. It operates in four segments: Mobile Devices, Networks, Government and Enterprise Mobility Solutions, and Connected Home Solutions. Mobile Devices designs, manufactures, sells, and services wireless subscriber and server equipment for cellular systems, portable energy storage products and systems, servers and software solutions, and related software and accessory products. Networks segment designs, manufactures, sells, installs, and services wireless infrastructure communication systems. It offers end-to-end wireless networks, including radio base stations; base site controllers; associated software and services; mobility soft switching; application platforms; and third-party switching for CDMA, GSM, iDEN, and UMTS technologies. It also offers embedded communications computing platforms; fiber-to-the-premise and fiber-to-the-node transmission systems supporting high-speed data, video, and voice; and wireless broadband systems. Government and Enterprise Mobility Solutions segment provides analog and digital two-way radio, voice, and data communications products and systems to public-safety, government, utility, transportation, and other markets, as well as offers integrated information management, mobile, and biometric applications and services. It also offers automotive electronics systems and telematics systems. Connected Home Solutions segment offers digital systems and set-top terminals for cable TV and broadcast networks; cable modems and cable modem termination systems, and IP-based telephony products; hybrid fiber coaxial network transmission systems used by cable TV operators; digital satellite TV systems; and direct-to-home satellite networks and private networks. The company was founded in 1928 as Galvin Manufacturing Corporation and changed its name to Motorola, Inc. in 1947. Motorola is headquartered in Schaumburg, Illinois.


DOBSON COMMUNICATIONS CORPORATION (DCEL)

Dobson Communications Corporation, along with its subsidiaries, provides rural and suburban wireless communications services in the United States. It offers digital service using the global system for mobile communications (GSM)/general packet radio service/enhanced data for GSM evolution digital standard and the time division/demand multiple access digital standard in its wireless markets. The company also offers various custom-calling features, including voice mail, call forwarding, call waiting, three-way calling, no answer transfer, caller ID, message waiting indicator, sleep mode for longer battery life, voice-activated dialing, and mobile originated and mobile terminated short message service. In addition, it provides advanced wireless data services, which enable its subscribers to access the Internet, to send and receive pictures and video, and to download games and music. The company markets its service offerings through direct sales force; company-owned retail stores; Internet site; and a network of dealers, such as electronics stores, car dealerships, and department stores. It also sells and distributes its wireless services, phones, and accessories, primarily through retail stores, direct sales, independent dealers, and third party resellers. Dobson Communications has strategic roaming relationship with Cingular Wireless, LLC. The company, formerly known as Dobson Telephone Company, was founded in 1936 and is headquartered in Oklahoma City, Oklahoma.


COMVERSE TECHNOLOGY INC (CMVT)

Comverse Technology, Inc. (CTI) and its subsidiaries engage in the design, development, manufacture, marketing, and support of software, systems, and related services for multimedia communication and information processing applications. The company operates in three segments: Comverse Network Systems, Service Enabling Signaling Software, and Security and Business Intelligence Recording. Comverse Network Systems segment provides telecommunications software, systems, and related services to telecommunications service providers that enable voice and data value-added enhanced services and billing of communication services. These services comprise call completion and call management solutions; advanced messaging solutions for groups, communities, and person-to-person communication; solutions and enablers for the management and delivery of data and content-based services; and billing and account management solutions for service environments. Service Enabling Signaling Software segment includes global roaming, voice and text messaging, prepaid calling, and emergency-911 services. These products are also embedded in a range of packet softswitching products to interoperate voice and data networks, and facilitate services, such as voice-over-IP, hosted IP telephony, and virtual private networks. Security and Business Intelligence Recording segment provides analytic software-based solutions for communications interception, networked video security, and contact centers. The company's products are used in a range of applications by wireless and wireline telecommunications network operators and service providers; call centers; and other government, public, and commercial organizations. CTI markets its systems through its own direct sales force, as well as local distributors, and in cooperation with international vendors of telecommunications infrastructure equipment. The company was founded in 1984 and is headquartered in New York City.


AMERICAN TOWER CORPORATION (AMT)

American Tower Corporation and its subsidiaries engage in the ownership, operation, and development of wireless and broadcast communications sites in the United States, Mexico, and Brazil. The company operates in two segments: Rental and Management, and Network Development Services. The Rental and Management segment leases antenna space on multi tenant communications towers to wireless service providers, and radio and television broadcast companies. It primarily serves personal communications services, cellular, enhanced specialized mobile radio, paging, and fixed microwave industries. The Network Development Services segment provides nonconstruction services, including site acquisition, zoning, permitting, and structural analysis. American Tower was founded in 1995 and is headquartered in Boston, Massachusetts.


CIENA CORPORATION (CIEN)

Ciena Corporation supplies communications networking equipment, software, and services to telecommunications service providers, cable operators, governments, and enterprises. It operates through four segments: Transport and Switching Group (TSG), Data Networking Group (DNG), Broadband Access Group (BBG), and Global Network Services (GNS). The TSG segment offers transport and switching products that enable service providers to increase the efficiency of their metropolitan communications networks, as well as to transition and converge their metropolitan communications infrastructures to support multiple service traffic types. The DNG segment provides multiservice edge switching and routing portfolio that enables telecommunications service providers to transition their metropolitan communications networks from legacy technologies, such as ATM and Frame Relay, to next-generation technologies, such as Ethernet and IP/MPLS. The BBG segment offers broadband access products that allow telecommunications service providers to transition their voice networks to support next generation services, such as Internet based telephony, video services, and DSL. The GNS segment offers a range of consulting and support services, including network design, deployment services, product installation, testing and commissioning access, and data and optical networks; maintenance and support services for its channel partners and end users; managed services for helpdesk and technical assistance, spares, logistics management, software updates, engineering dispatch, advanced technical support, and hardware and software warranty extensions; and service partner certification and documentation services. The company sells its communications networking equipment, software, and services through its direct sales efforts, as well as through channel relationships in the North America, Europe, Latin America, and Asia. Ciena Corporation was incorporated in 1992 and is headquartered in Linthicum, Maryland.


CAPTARIS INC (CAPA)

Captaris, Inc. provides business information delivery solutions to capture, process, deliver, manage, and archive data and documents worldwide. The company's products and services include fax server, document delivery, and information exchange products for the fax processing, e-document delivery, and business process automation markets, as well as Internet and corporate intranet information access markets; business process workflow products for automating functional and vertical-specific business processes; archiving and records management products for storing and retrieving fixed content, including information of all types; information automation and exchange solutions framework that combines content integration with information output delivery, enabling organizations to generate and deliver critical documents regardless of source data, format, or delivery method. Its solutions team provides implementation services; consulting and analysis service; enterprise management that helps in the installation and maintenance of its products; training services, which offer on-site or remote training sessions with channel partners and customers, as well as create and update online library of training materials; custom development; and developer program, which enables developers to extend and integrate its products by providing application programming support for the application program interfaces. In addition, it provides strategic and architectural technology consulting, custom development, integration of third party technologies, and other services. The company sells its products through an indirect channel of resellers and distributors, strategic partnerships, original equipment manufacturers, and private label agreements, as well as through its global/national account managers. Captaris was founded in 1982 and is headquartered in Bellevue, Washington.


VODAFONE AIRTOUCH PUBLIC LIMITED COMPANY (VOD)

Vodafone Group Public Limited Company operates as a mobile telecommunications company principally in the United States, Europe, and the Asia Pacific. Its products and services include voice services; short messaging service; Vodafone live!, an integrated communications and multimedia proposition, through which customers access various online services, such as games, ringtones, news, sports, and information; and mobile connect cards that provide working mobility to customers accessing email and company applications; and roaming services. The company distributes its products and services directly, as well as through third-party service providers, independent dealers, and agencies. Vodafone Group was formed in 1984. It was formerly known as Racal Strategic Radio Limited and changed its name to Racal Telecommunications Group Limited in 1985. Further, the company changed its name to Racal Telecom Limited in 1988; to Vodafone Group Public Limited Company in 1991; to Vodafone AirTouch Plc in 1999; and to Vodafone Group Public Limited Company in 2000. Vodafone Group is headquartered in Newbury, the United Kingdom.


DEUTSCHE TELEKOM AG (DT)

Deutsche Telekom AG provides telecommunications and information technology services worldwide. The company operates through three segments: Broadband/Fixed Network, Mobile Communications, and Business Customers. Broadband/Fixed Network segment includes the activities of T-Com and T-Online divisions. The T-Com division provides fixed-line network communication services and products, including network access products, narrowband access products, and calling services in Europe. It also distributes third-party and its own-brand telecommunications equipment, as well as provides installation, maintenance, hotline, customer consulting, education, software installation, and network management services. In addition, it offers Internet transport, interconnection, systems integration, local area network, and communications services; Web hosting products and solutions; and directories publishing services. The T-Online division offers Internet services in Europe. Through its Internet portal, it provides a range of products and services, such as email, online chats, Web hosting, Web organizer, and Internet access. Mobile Communications segment comprises the activities of T-Mobile division, which provides digital mobile telephony services based on the global system for mobile communications technology and nonvoice services. Business Customers segment include the activities of T-Systems division that provides information and communications technology services. The T-Systems division also builds and operates telecommunications networks and other related telecommunications services; provides information technology services, including consulting, solution implementation, software and platform development, re-engineering, migration, and application lifecycle management; offers data centers operation, application management, user support, and network management services; and develops and implements office systems solution. Deutsche Telekom is headquartered in Bonn, Germany.


LEVEL 3 COMMUNICATIONS INC (LVLT)

Level 3 Communications, Inc. provides communications and information services worldwide. It offers softswitch services, including managed modem for the dial-up access business, wholesale voice-over-IP (VoIP) component services, and consumer oriented VoIP services; Internet protocol and data services, such as Internet protocol transit and network interconnection solutions; and transport and infrastructure services that include high-speed Internet access services, wavelengths, and dark fiber services. The company provides its services primarily to local exchange carriers, international carriers, broadband cable television operators, interexchange carriers, systems integrators, governments, VoIP service providers, calling card providers, conferencing providers, call centers, and media and entertainment content providers. As of December 31, 2004, it operated metropolitan networks totaling approximately 14,560 conduit miles and 792,000 fiber miles in the United States, and approximately 3,580 conduit miles and 155,000 fiber miles in Europe. The company was founded in 1884 and is headquartered in Broomfield, Colorado.


XM SATELLITE RADIO HOLDINGS INC (XMSR)

XM Satellite Radio Holdings, Inc., a holding company, provides music, entertainment, and information programming for reception by vehicle, home, and portable radios, as well as over the Internet primarily in the United States. The company offers XM NavTraffic, which provides satellite traffic data, and XM WX satellite weather service that offers graphical data weather service to the marine and aviation markets. Its radio services include music genres-commercial free-and live radio entertainment, popular musical formats, sports and entertainment programming, and local traffic and weather programming, as well as XM Radio Online. As of December 31, 2004, it operated approximately 150 channels, including 65 commercial-free music channels; 30 news and talk channels; 31 sports channels; 21 instant traffic and weather channels; 1 emergency alert channel; and premium channels serving 3.2 million subscribers. The company markets its services through various distribution channels, including automotive manufacturers and dealers, national and regional electronics retailers, car audio dealers, and mass retailers and rental car companies. XM Satellite is headquartered in Washington, District Of Columbia.


AT&T INC (T)

AT&T, Inc., through its subsidiaries, provides telecommunication services in the United States and internationally. It provides Internet protocol (IP)-based communications services for businesses, including a portfolio of virtual private network, voice over IP, and other offerings. The company also provides hosting solutions and supporting services for small, medium, and enterprise businesses, including shared, managed and server collocation, and enhanced services. Its services also include Web services, Web site acceleration, caching, content distribution, streaming, enterprise messaging, and uninterrupted access to critical data and applications. In addition, the company provides broadband DSL, and long distance and local voice services; network integration and consulting; contact management services; directory publishing and advertising services; data and managed data services; wireless voice and data services; and a range of conferencing solutions for businesses, including audio conferencing, videoconferencing, and Web conferencing. The company was founded in 1983. It was formerly known as Southwestern Bell Corp. and changed its name to SBC Communications, Inc. in 1995. Further, the company changed its name to AT&T, Inc. in November 2005, subsequent to the acquisition of AT&T Corp. The company is headquartered in San Antonio, Texas.


CORNING INCORPORATED (GLW)

Corning Incorporated provides technology-based products and services in the United States. It operates in four segments: Display Technologies, Telecommunications, Environmental Technologies, and Life Sciences. Display Technologies segment manufactures glass substrates for matrix liquid crystal displays (LCDs), which are used in computer monitors and LCD televisions. Telecommunications segment produces optical fiber and cable, and hardware and equipment products for the telecommunications industry. Its optical fiber technology products are used for various applications, including premises, fiber-to-the-premises access, metropolitan, long-haul, and submarine networks. Its hardware and equipment products include cable assemblies, fiber optic hardware, fiber optic connectors, optical components and couplers, closures and pedestals, and splice and test equipment. Environmental Technologies segment offers ceramic technologies and solutions for emissions and pollution control in mobile and stationary applications, including gasoline and diesel substrate, and filter products. Life Sciences segment offers laboratory products, which include microplate products, coated slides, filter plates for genomics sample preparation, plastic cell culture dishes, flasks, cryogenic vials, roller bottles, mass cell culture products, liquid handling instruments, glass beakers, pipettors, serological pipettes, centrifuge tubes, and laboratory filtration products. In addition, the company offers semiconductor optics; ophthalmic glass and plastic products; and technical products, such as polarizing glass, glass for high temperature applications, and machinable glass ceramic products. Corning was founded in 1936. It was was formerly known as Corning Glass Works and changed its name to Corning Incorporated in 1989. The company is headquartered in Corning, New York.


NOKIA CORPORATION (NOK)

Nokia Corporation manufactures mobile devices principally based on global system for mobile communications, code division multiple access (CDMA), and wideband CDMA (WCDMA) technologies. The company operates in three divisions: Multimedia, Enterprise Solutions, and Networks. The Multimedia division focuses on bringing connected mobile multimedia to consumers in the form of advanced mobile devices, including 3G WCDMA mobile devices and solutions. The Enterprise Solutions division enables businesses and institutions extend their use of mobility from mobile devices for voice and basic data to secure mobile access, content, and applications. Its solutions include business-optimized mobile devices for end users, a portfolio of Internet portfolio network perimeter security gateways, and mobile connectivity offerings. The Networks division provides network infrastructure, communications, and networks service platforms and professional services to operators and service providers. Nokia connects people to each other and the information that matters to them with mobile devices and solutions for voice, data, imaging, games, multimedia, and business applications. The company also provides equipment, solutions, and services for its operator and enterprise customers. It sells its mobile devices primarily to operators, distributors, independent retailers, and enterprise customers worldwide. Nokia Corp. has a strategic tie-up with Financial Technologies (India), Ltd. relating to integrated realtime wireless internet information and trading platform for Nokia phones running Series 60 and 80; and with Neusoft Group Co., Ltd. focusing on network security. The company was founded in 1915 and is based in Espoo, Finland.


QWEST COMMUNICATIONS INTERNATIONAL INC (Q)

Qwest Communications International, Inc. provides voice, video, and data services. It operates in three segments: Wireline Services, Wireless Services, and Other Services. Wireline Services segment provides local voice, long distance voice, and data and Internet services to consumers, businesses, and wholesale customers, as well as access services to wholesale customers. Wireless Services segment, through an agreement with a subsidiary of The Sprint Corporation, resells Sprint wireless services, including access to Sprint's nationwide personal communications service wireless network, to consumer and business customers primarily within its local service area. Other Services segment primarily involves the sublease of real estate assets, such as space in office buildings, warehouses, and other properties. These services are provided in 14-states, including Arizona, Colorado, Idaho, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, and Wyoming. Qwest Communications also provides long-distance services and broadband data, as well as voice and video communications globally. The company sells its products and services to small businesses, governmental entities, and public and private educational institutions through various channels, including direct-sales marketing, telemarketing, arrangements with third-party agents, company's Web site, and partnership relations. As of September 13, 2005, Qwest had 98 retail stores in 14 states. Qwest Communications is headquartered in Denver, Colorado.


TELEFONOS DE MEXICO (TMX)

Telefonos de Mexico, S.A. de C.V., together with its subsidiaries, engages in the ownership and operation of a telecommunications system in Mexico. It provides fixed-line telephony services, and fixed local and long distance telephone services. The company also offers other telecommunications-related services, such as corporate networks, Internet services, directory services, information network management, telephone equipment sales, telecommunications network integration services, interconnection services to other carriers, and paging services. Telefonos de Mexico also offers voice, data, and Internet services in Brazil, Chile, Argentina, Peru, and Colombia; wireless voice, data, and video transfer services, and local and long distance fixed-line voice services in Argentina; and satellite services in Brazil. In addition, it provides printed and online yellow pages directories, public phones and prepaid cards, hosting and co-location products, and Internet portals and e-commerce for consumers and businesses. Telefonos de Mexico was formed in 1947 and is headquartered in Mexico City, Mexico.


TELE NORTE LESTE PARTICIPACOES S.A (TNE)

Tele Norte Leste Participacoes S.A., through its subsidiaries, provides telecommunications services in Brazil. It operates in three segments: Fixed-line Telecommunications, Mobile Telecommunications, and Contact center. The Fixed-line Telecommunications segment provides fixed-line telecommunications services, such as local services, intraregional long-distance services, fixed to mobile services, network usage services, public telephone services, and data transmission services in Region I, which comprises the states of Rio de Janeiro, Minas Gerais, Espirito Santo, Bahia, Sergipe, Alagoas, Pernambuco, Paraiba, Rio Grande do Norte, Ceara, Piaui, Maranhao, Para, Amazonas, Roraima, and Amapa. The Mobile Telecommunications segment offers mobile telecommunication services by means of the Personal Mobile Service in Triangulo Mineiro and certain areas within the Alto Paranaiba in the state of Minas Gerais. The Contact Center segment offers customer services that comprise inbound contact center services, including sales, market research, tele-sales, and collection; and outbound services, such as providing product information, sales, complaints, customer service, and help desk. The company primarily serves residential, corporate, and mobile customers. Tele Norte is headquartered in Rio de Janeiro, Brazil.


COMMSCOPE INC (CTV)

CommScope, Inc. engages in the design, manufacture, and marketing of cable and connectivity solutions for communications networks worldwide. The company provides structured cabling systems for business enterprise applications under the SYSTIMAX Solutions and Uniprise Solutions brand names. A structured cabling system consists of various components, including transmission media (cable), circuit administration hardware, connectors, jacks, plugs, adapters, transmission electronics, electrical protection devices, wireless access devices, and support hardware. It manufacture and markets broadband coaxial cables, and other electronic and fiber optic cable products for cable television, telephony, Internet access, wireless communications, and other broadband services. In addition, CommScope also manufacture other broadband coaxial cables, fiber optic cables, and twisted pair cables that are used for various wireless applications, including Third Generation Wireless, Personal Communications Systems, Global System for Mobile Communications, Universal Mobile Telecommunications Systems, Cellular, Multichannel Multipoint Distribution Service, Local Multipoint Distribution System, land mobile radio, paging, automotive, and in-building wireless applications. The company distributes its products directly and through distributors to end users and original equipment manufacturers. CommScope was incorporated in 1997 and is headquartered in Hickory, North Carolina.


CITIZENS COMMUNICATIONS COMPANY (CZN)

Citizens Communications Company provides wire line communication services to rural areas, and small and medium-sized towns and cities as an incumbent local exchange carrier (ILEC). Its ILEC services include local network services, enhanced services, network access services, long distance, data services, and directory services. The company, through its wholly owned subsidiary, Electric Lightwave, LLC, provides competitive local exchange carrier services to business customers and other communications carriers in the western United States. As of December 31, 2004, the company operated ILECs in 23 states, serving approximately 2.321 million access lines and 212,300 Internet customers. The company is based in Stamford, Connecticut.


QIAO XING UNIVERSAL TELEPHONE INC (XING)

Qiao Xing Universal Telephone, Inc. engages in the manufacture and distribution of telecommunications products. Its product portfolio includes telecommunications terminals and related products, including fixed wireless phones and mobile phones; and consumer electronics, such as MP3 players, cash registers, and set-top-box products. The company also designs fixed line telephones and GSM mobile phones. Qiao Xing Universal distributes its products through independent regional distributors, and after-sales service centers, including wholesale agencies in China. As of December 31, 2004, the company distributed its products through 40 regional distributors to approximately 5,000 retail outlets in China. It has strategic partnership relationships with China Telecom, China Netcom, China Railcom, China Mobile, and China Unicom. The company was founded by Rui Lin Wu in 1992 and is based in Huizhou City, People's Republic of China.


ANDREW CORPORATION (ANDW)

Andrew Corporation, together with its subsidiaries, engages in the design, manufacture, and supply of communications equipment, services, and systems for global communications infrastructure market. It operates in five segments: Antenna and Cable Products, Base Station Subsystems, Network Solutions, Wireless Innovations, and Satellite Communications. The Antenna and Cable Products segment offers coaxial cables, connectors, cable assemblies, and accessories, as well as base station antennas and terrestrial microwave antennas; the Base Station Subsystems segment products are integral components of wireless base stations and include products, such as power amplifiers, filters, duplexers, and combiners that are sold individually or as parts of integrated subsystems; and the Network Solutions segment includes software and equipment to locate wireless callers, as well as equipment and services for testing and optimizing wireless networks. The Wireless Innovations segment products provide the coverage of wireless networks in areas where signals are difficult to send or receive, and include both complete systems and individual components; and the Satellite Communications segment products include earth station antennas, high frequency and radar antennas, direct-to-home antennas, and terminal antennas. The company's products are used in the infrastructure for wireless networks; third generation technologies; voice, data, video, and Internet services; applications for microwave and satellite communications; and other specialized applications. It serves original equipment manufacturers and wireless service providers. The company was founded by Victor J. Andrew in 1937 and is headquartered in Orland Park, Illinois.


CHINA MOBILE (HONG KONG) LTD (CHL)

China Mobile (Hong Kong) Limited offers mobile telecommunications services principally using the global system for mobile communications standard in Mainland China. The company provides various voice-related services, including local calls, domestic long distance calls, international long distance calls, intraprovincial roaming, interprovincial roaming, and international roaming. China Mobile's value-added voice services include caller identity display, caller restrictions, call waiting, call forwarding, call holding, voice mail, personalized ringing tones, conference calls, and others. The company also offers short message services, wireless application protocol, multimedia messaging service, Java applications services, and other related services. China Mobile provides virtual private mobile network services to its corporate customers. It offers its services through proprietary sales outlets and retail outlets. As of June 30, 2005, the company had 224 million subscribers. The company was incorporated under the laws of Hong Kong in 1997 under the name China Telecom (Hong Kong) Limited and changed its name to China Mobile (Hong Kong) Limited in 2000. China Mobile is headquartered in Hong Kong. China Mobile (Hong Kong) Limited is a subsidiary of China Mobile Communications Corporation.


8X8 INC (EGHT)

8x8, Inc. engages in the development, marketing, and sale of telecommunication services and technology for Internet protocol (IP) telephony and video applications. It offers voice over IP (VoIP) and video communications service (Packet8 VoIP), Packet8 virtual office service, and videophone equipment and services. Packet8 VoIP is an Internet-based communication service that works over Internet connection in the world, and allows calls to or from phones. It also uses Web-based technologies to enable account setup, account management, billing, and customer support. As part of the Packet8 VoIP service, the company resells private-branded telephone IP terminal adapters and IP videophones. Packet8 virtual office enables users to be part of a virtual PBX that includes automated attendants to assist callers, conference bridges, extension-to-extension dialing, ring groups, and a host of other business class PBX features. 8x8's wholesale voice and video services include a suite of VoIP platforms with a session initiation protocol switching infrastructure at its core together with voice, video, and wireless endpoint devices to form an end-to-end solution. In addition, the company offers a line of telephone handset-to-Ethernet adapter, an IP videophone, and the Packet8-enabled 5.8GHz digital corded/cordless phone. 8x8 sells its Packet8 and Packet8 Virtual Office services to end users through direct sales force, Web site, retail channels, online channels, network marketing firms, and third-party resellers; and the wholesale voice and video service offering to Internet service providers, cable television companies, and digital subscriber line providers worldwide. The company was founded in 1987 as Integrated Information Technology and subsequently changed its name to 8x8, Inc. Further, it changed its name to Netergy Networks, Inc. in 2000 and back to 8x8, Inc. in 2001. 8x8 is headquartered in Santa Clara, California.


HARMONIC INC (HLIT)

Harmonic, Inc. engages in the design, manufacture, and sale of digital video systems and fiber optic systems to cable television and direct broadcast satellite operators and telephone companies worldwide. The company operates in two groups, Convergent Systems and Broadband Access Networks. The Convergent Systems group offers encoders, which provide compression of video, audio, and data channels; server gateway, which interfaces with the output from a video server and integrates routing, multiplexing, and modulation into a single package for the delivery of VOD services to subscribers over cable networks; MPEG-2 networking, switching, and multiplexing platform; and broadcast network gateway, which provides digital turnaround and remote modulation capability. It also offers digital turnaround system, a modular platform for aggregating, multiplexing, and scrambling digital signals prior to transmission over broadband networks, and control and automation products. The Broadband Access Networks group offers MAXLink transmitters and optical amplifiers, PWRLink transmitters and dense wave division multiplexing, and coarse wave division multiplexing systems for optical transmission requirements. It also offers optical nodes, and return path transmitters and receivers to provide two-way transmission capability, and NETWatch management system, which consists of transponders and network management software. Its systems enable network operators to provide various interactive digital services that include digital video, video-on-demand, high definition television, high-speed Internet access, and telephony. Harmonic was incorporated in 1988 and is headquartered in Sunnyvale, California.


ADC TELECOMMUNICATIONS INC (ADCT)

ADC Telecommunications, Inc. provides communications network infrastructure solutions and services in the United States. Its products and services provide connections for communications networks over copper, fiber, coaxial, and wireless media and enable the use of Internet, data, video, and voice services by residences, businesses, and mobile communications subscribers. The company's products include fiber optic, copper and coaxial -based frames, cabinets, cables, connectors, cards, and other physical components that enable the delivery of communications for wireline, wireless, cable, and broadcast networks by service providers and enterprises. ADC Telecommunications' products also include network access devices, such as high-bit-rate digital subscriber line and wireless coverage solutions. The company also provides professional services relating to the design, equipping, and building of networks. It sells its products primarily through indirect sales channels, including system integrators and value added resellers. The company's customers include local and long-distance telephone companies, private enterprises that operate their own networks, cable television operators, wireless service providers, new competitive service providers, broadcasters, governments, system integrators, and communications equipment manufacturers and distributors. ADC Telecommunications was founded in 1935. It was formerly known as Magnetic Controls Company and changed its name to ADC Telecommunications, Inc. in 1985. ADC Telecommunications is headquartered in Eden Prairie, Minnesota.


DITECH NETWORKS INC (DITC)

Ditech Communications Corporation engages in the design, development, and marketing of telecommunications equipment for use in canceling echo and enhancing voice quality in voice calls over wireline, wireless, satellite and IP telecommunications networks. Ditech's voice processing products are used by mobile and wire-line operators for circuit and packet based networks. Its products include voice enhancement and echo canceller solutions. The company offers Voice Quality Assurance (VQA), a solution for voice enhancement that includes both noise reduction and echo cancellation to provide improved sound quality on calls made over wireless networks. Ditech markets its products in the United States through a direct sales force and, to a lesser extent, through distributors. Internationally, it markets the products through a direct sales force, value-added resellers, system integrators, and distributors. The company was originally incorporated as Phone Info., Inc. in 1983 and subsequently changed its name to Automated Call Processing Corporation, Inc. Automated Call Processing Corporation sold portions of its business and merged with its wholly owned subsidiary in 1997 and the surviving entity was renamed Ditech Corporation. Ditech Corporation was reincorporated in Delaware in 1999 and changed its name to Ditech Communications Corporation. The company is headquartered in Mountain View, California. Ditech acquired Jasomi Networks, Inc. in June 2005. Jasomi develops and sells session border controllers, which enable VoIP calls to traverse the network address translation and firewall devices in customers' networks.


UTSTARCOM INC (UTSI)

UTStarcom, Inc. engages in the design, manufacture, sale, and installation of a suite of Internet protocol (IP)-based wireline, wireless, optical, and switching solutions for the transportation of voice, data, and video traffic for telecommunications service providers. It operates in three divisions: Wireless Infrastructure, Broadband Infrastructure, and Handsets and Customer Premise Equipment. The Wireless Infrastructure division offers personal access wireless access system, and CDMA, time division CDMA, wideband CDMA, and time division SCDMA wireless mobile systems. Its time division CDMA wireless infrastructure product family includes base stations, radio network controllers, and gateway general packet radio service support nodes. It also offers the MovingMedia 2000 wireless voice and data communication product family, which includes IP base stations, media and signaling gateways, and packet data server nodes. The Broadband Infrastructure division provides IP-based digital subscriber line access multiplexers; iAN-8000 multiservice broadband access node platform; and optical access systems, which enables service providers to offer fiber to the premises broadband access. In addition, it offers NetRing, a voice and data transport product; and mVision, a television over IP system. The Handsets and Customer Premise Equipment division offers handsets and customer premise equipment featuring single, dual, and multimode handsets with cameras, video recorders and players, color displays, multiple ring tones, bilingual short message service, and Internet access and email capability. The customer premise equipment product line comprises single and multiport digital subscriber line modems, set-top boxes, and voice over IP analog telephone adapters. It offers its products and services in China, North America, Africa, Asia, Central and Latin America, and the Middle East. UTStarcom was founded in 1991 and is headquartered in Alameda, California.


KOREA TELECOM CORPORATION (KTC)

KT Corporation provides telecommunication services in Korea. The company operates through two segments, Wireline Communications and Personal Communication Service. The Wireline Communications segment provides various services to fixed-line customers, including local, domestic long-distance, and international long-distance telephone services; interconnection services; Internet services, including broadband Internet access; leased line services; and data communication services. The Personal Communication Service segment primarily offers mobile telecommunications services based on code division multiple access technology. It also provides IMT-2000 services and sells personal communication service handsets. IMT-2000 service is a wireless communication system that enables subscribers to utilize a range of mobile multimedia services, including video phone and wireless data transmission. KT Corp. also offers various other services, including satellite services, and system and network integration services. The company was formed in 1981 and was formerly known as Korea Telecom. It changed its name to Korea Telecom Corp. in 1997 and to KT Corporation in 2002. KT Corp. is headquartered in Sungnam, South Korea.


CROWN CASTLE INTERNATIONAL CORPORATION (CCI)

Crown Castle International Corp. (CCI) engages in the ownership, operation, and lease of towers for wireless communications. The company leases antenna space on its towers that accommodates multiple tenants, as well as provides certain network services, such as antenna installations, network design and site selection, site acquisition, site development, and other services to its customers. As of December 31, 2004, CCI owned, leased, or managed 12,000 towers, including 10,612 towers in the United States and Puerto Rico, and 1,388 towers in Australia. It offers its services primarily to various wireless communications companies that provide cellular, personal communications services, specialized mobile radio, 3G, broadband data services, and paging services in the United States and Australia. CCI was founded in 1994 and is headquartered in Houston, Texas.


SK TELECOM CORPORATION LTD (SKM)

SK Telecom Co., Ltd. provides wireless telecommunications services in Korea. The company offers cellular services using a network of code division multiple access technology. SK Telecom also develops and commercializes wireless Internet services. It also offers Internet content and services, as well as provides Internet access to its subscribers. Through its subsidiary, SK Teletech Co., Ltd., the company designs, markets, and sells digital handsets under the brand name Sky'. SK Telecom, through another subsidiary, SK Telink Co., Ltd., offers international telecommunications services, including direct-dial, as well as prepaid and postpaid card calling services, bundled services for corporate customers, voice services using Internet protocol, Web-to-phone services, and data services. As of June 30, 2005, the company had approximately 19.2 million subscribers. SK Telecom also provides telematic services that provide drivers with real-time location and traffic information. The company was established in 1984 under the name Korea Mobile Telecommunications Co., Ltd. and changed its name to SK Telecom Co., Ltd. in 1997. The company is headquartered in Seoul, South Korea.


NOVATEL WIRELESS INC (NVTL)

Novatel Wireless, Inc. provides wireless broadband access solutions for the mobile communications market worldwide. Its products include 3G wireless PC card modems, embedded modems, ruggedized modems, and communications software. The company's products are designed to operate on wireless networks and provide mobile subscribers with high speed access to corporate, public, and personal information through the Internet and enterprise networks. Novatel Wireless serves wireless network operators, distributors, original equipment manufacturers, and vertical markets. The company also offers software engineering, integration, and design services. It has strategic relationships with Lucent Technologies, Sprint PCS, Verizon Wireless, and Vodafone. The company was founded in 1996 and was formerly known as the Personal Communications Products Division (PCP division) of Novatel Communications, Ltd. Novatel Wireless is headquartered in San Diego, California.


TIME WARNER TELECOM INC (TWTC)

Time Warner Telecom, Inc. provides managed network solutions in the United States. It offers various telecommunications services, including dedicated transport, local and long distance voice services, data transmission services, dedicated Internet access, and intercarrier services. The also provides on-net inter-city switched services. The company offers its services to telecommunications-intensive businesses, long distance carriers, incumbent local exchange carriers, competitive local exchange carriers, wireless communications companies, Internet service providers, and enterprise organizations in the health care, finance, higher education, manufacturing, and hospitality industries. Time Warner markets its services through advertisements, trade journals, media relations, direct mail, and conferences. As of December 31, 2004, the company covered approximately 19,169 route miles of fiber networks. Time Warner Telecom is headquartered in Littleton, Colorado.


POLYCOM INC (PLCM)

Polycom, Inc. engages in the development, manufacture, marketing, and servicing of a line of video, voice, data, and Web conferencing collaboration solutions worldwide. It operates in three segments: Communications, Network Systems, and Services. Communications segment offers videoconferencing collaboration and voice communications products. These products enable businesses and other organizations to communicate with employees, customers, and partners, regardless of location. Network Systems segment provides MGC series of media servers, PathNavigator call processing server, WebOffice Webconferencing software application, and network management and scheduling software to businesses, telecommunications service providers, and government and educational institutions. Services segment includes a range of professional service and support offerings to its resellers and directly to end-user customers. In addition, Polycom offers installation services and a range of training offerings. The company markets and sells its products through a worldwide network of channel partners, including distributors, value-added resellers, and retailers, and directly to communications service providers. Polycom was founded in 1990 and is headquartered in Pleasanton, California.


MILLICOM INTERNATIONAL CELLULAR S.A (MICC)

Millicom International Cellular S.A. provides mobile telecommunication services worldwide. It provides prepaid services in the cellular telephone market using mass market distribution methods. As of December 31, 2004, the company had approximately 7.7 million subscribers, as well as had interests in 17 cellular systems in 16 countries, primarily in Asia, Latin America, and Africa. Millicom International was formed in 1968 and is based in Bertrange, Luxembourg.


WEBEX COMMUNICATIONS INC (WEBX)

WebEx Communications, Inc. engages in the development and marketing of services that enable end-users to conduct meetings and share software applications, documents, presentations, and other content on the Internet using a standard Web browser. The company also provides integrated telephony and Web-based audio and video services using standard devices, such as telephones, computer Web-cameras, and microphones. Its services enable users to share voice, data, and video with others in remote locations. WebEx Communications was co-founded by Subrah S. Iyar and Min Zhu in 1996. The company was formerly known as Silver Computing, Inc. and changed its name to Stellar Computing Corporation in June 1997, to ActiveTouch Systems, Inc. in December 1997, to ActiveTouch, Inc. in May 1998, to WebEx, Inc. in December 1999, and then to WebEx Communications, Inc. in July 2000. WebEx Communications is headquartered in Santa Clara, California.


MOBILE TELESYSTEMS (MBT)

Mobile TeleSystems OJSC provides global system for mobile communications (GSM) technology-based mobile telecommunications services in Russia, Belarus, Ukraine, Uzbekistan, and Turkmenistan. It offers mobile cellular voice, data, and facsimile communication services; international roaming services, and various value-added services. Its value added services include call divert/forwarding, call barring, caller identification display, call waiting, itemization of monthly bills, voicemail, information and directory service, international access service, automatic customer care system, customer care system via the internet, short message service, general packet radio service, multimedia message service, wireless application protocol, sim-browser, and new technologies-based services, including wireless local area network and location based services. As of August 29, 2005, the company had approximately 48.23 million subscribers. Mobile TeleSystems is headquartered in Moscow, Russia.


ALVARION LTD (ALVR)

Alvarion, Ltd. offers wireless broadband connectivity solutions and cellular networks to telecom carriers, cellular operators, service providers and regional carriers, and private network operators worldwide. Its products provide broadband data and voice services for subscribers in the 'last mile' of connectivity, as well as for feeding cellular networks and for creating cellular network extensions and compact cellular networks. The company also offers a range of integrated wireless broadband solutions operating in licensed and license-free bands ranging from 450 MHz to 26 GHz. Alvarion's products are used in a point-to-multipoint architecture and address residences and small offices, home office markets, small and medium enterprises, and multitenant units/multidwelling units. Its cellular networks serve various end-users and applications, including residential cellular users; governmental, homeland security, and disaster relief agencies; and travel/leisure companies. The company sells its products directly, as well as through a network of original equipment manufacturers, distributors, systems integrators, and resellers. It has strategic relationships with Siemens, Alcatel, Nera, and Lucent. Alvarion was incorporated in 1992. It was formerly known as BreezeCOM, Ltd. and changed its name to Alvarion, Ltd. in 2001. The company is headquartered in Tel Aviv, Israel.


SBA COMMUNICATIONS CORPORATION (SBAC)

SBA Communications Corporation engages in the ownership and operation of wireless communications towers in the Eastern third of the United States. The company operates in three segments: Site Development Consulting, Site Development Construction, and Site Leasing. The Site Development Consulting segment offers services, including network predesign; site audits; identification of potential locations for towers and antennas; support in buying or leasing of the location; and assistance in obtaining zoning approvals and permits. The Site Development Construction segment provides services, such as tower and related site construction, antenna installation, and radio equipment installation, commissioning, and maintenance. The Site Leasing segment leases antenna space on its multitenant towers to various wireless service providers. SBA Communications was founded in 1989 and is headquartered in Boca Raton, Florida.


HARRIS CORPORATION (HRS)

Harris Corporation, through its subsidiaries, provides communications products, systems, and services to government and commercial customers. The company operates in four segments: Government Communications Systems, RF Communications, Microwave Communications, and Broadcast Communications. The Government Communications Systems segment designs, develops, and supports communications networks and communications equipment; and designs and supports information systems for image and other data collection, processing, interpretation, storage, and retrieval; as well as offers engineering, operations, and support services. This segment serves the U.S. government departments, and other aerospace and defense companies. The RF Communications segment supplies secure voice and data radio communications products, systems, and networks to the U.S. Department of Defense, Federal and state agencies, and government defense agencies. This segment supplies secure radio products and systems for manpack, handheld, vehicular, strategic fixed-site, and shipboard applications. The Microwave Communications segment designs, manufactures, and sells microwave radios for use in wireless communications networks. Its products are used for cellular and mobile infrastructure connectivity; secure data networks; public safety transport for state, local, and Federal government users; and right-of-way connectivity for utilities, pipelines, railroads, and industrial companies. The Broadcast Communications segment develops, manufactures, and supplies digital and analog television transmission equipment for over-the-air broadcasters, and for the emerging mobile television market. The company was founded in 1916 and is headquartered in Melbourne, Florida.


BCE INC (BCE)

BCE, Inc. operates as a communications company in Canada. It provides a suite of communication services to residential and business customers. The company's services include local, long distance, wireless phone services, high-speed and wireless Internet access, IP-broadband services, value added business solutions, direct-to-home satellite, and very high-bit-rate digital subscriber line television services under the Bell brand. BCE's value added services include call display, call waiting, roaming services, and voicemail. Its wireless communications services include cellular, personal communications services, and paging. The company also engages in satellite operations and systems management services, through Bell Globemedia and Telesat. It offers its products and services through call centers, retail stores, sales representatives, and its Web portals. BCE was founded in 1880 and is headquartered in Montreal, Canada.


L-3 COMMUNICATIONS HOLDINGS INC (LLL)

L-3 Communications Holdings, Inc. provides intelligence, surveillance, and reconnaissance (ISR) systems; secure communications systems; and training and government services, as well as aircraft modernization products for aerospace and defense platforms. Its ISR products include signals and communications intelligence systems, which provide warfighters the ability to collect and analyze unknown electronic signals from command centers, communication nodes, and air defense systems for situation awareness and response. The company's communications systems for reconnaissance and surveillance applications are used in communication, command and control, intelligence gathering, and space systems. L-3 Communications also provides teaching and training services, maintenance, and logistics support for training devices; communication systems support and engineering services; and marksmanship training systems and services. It offers these services to aircrews, navigators, mission operators, gunners, and maintenance technicians for various platforms, including military fixed and rotary wing aircraft, air vehicles, and various ground vehicles, as well as computer-based training systems. The company's aircraft modernization products and services comprise aircraft modernization, upgrade, maintenance, and logistics support services; quick response field teams; cockpit voice and flight data recorders; traffic alert and collision avoidance systems; terrain awareness warning systems; cockpit avionics products; and ruggedized custom cockpit displays. Further, the company provides naval warfare products, security systems, telemetry and navigation products, sensors, training devices, fuzing products, and microwave components. It offers its products and services to the Department of Defense, allied foreign militaries, and the U.S. Transportation and Security Administration. L-3 Communications was organized in 1997 and is based in New York City.


TELENOR ASA (TELN)

Telenor ASA operates as the telecommunications company in Norway and internationally. The company offers mobile telephony, satellite operations, and pay television services. It provides communications solutions, including analogue and digital telephony, broadband, Internet access, data services, and leased lines to the business and residential markets. Telenor offers a range of nonvoice services to its retail subscribers, including SMS, MMS, content services, mobile Internet/intranet, and email access and m-Commerce. The company also provides broadcasting services in the Nordic region through satellite dish, cable networks, and small antenna TV-networks systems. It also provides satellite mobile communications services for a range of telephony and data communications to and from mobile units worldwide. Telenor's satellite-based services include Internet access, Voice over IP, and gateway services to Internet service providers and telecom operators. The company provides global mobile communications services to the maritime, land mobile, and aeronautical markets. In addition, it offers software that facilitates surveillance, IT management, and security and service level measurements with related consulting and implementation services. The company distributes its services through direct sales force, retail stores, the Internet, and independent distributors. Telenor ASA was founded in 1885 and is headquartered in Fornebu, Norway.


CENTURYTEL INC (CTL)

CenturyTel, Inc., together with its subsidiaries, operates as an integrated communications company in the United States. It provides local exchange telephone, long distance, Internet access, and dial-up and digital subscriber line Internet services, as well as special access and private line, fiber transport, competitive local exchange and security monitoring, and other related services. As of December 31, 2004, CenturyTel operated approximately 2.3 million telephone access lines in rural areas and small to midsize cities. All of the company's operations are conducted within the continental United States. CenturyTel was incorporated in 1968. The company was formerly known as Century Telephone Enterprises, Inc. and it changed its name to CenturyTel, Inc. in 1999. CenturyTel is based in Monroe, Louisiana.


ADTRAN INC (ADTN)

ADTRAN, Inc. engages in the design, development, manufacture, marketing, and service of a range of network access products to communications networks worldwide. Its products are classified into three categories: Systems, High bit-rate Digital Subscriber Line (HDSL/T1), and Digital Business Transport (DBT). Its Systems category's products include broadband access platforms, OSP digital subscriber line access multiplexers, Internet protocol access routers, Ethernet switches, optical access multiplexers and service units, fixed wireless radios, M13/STS-1 multiplexers, narrowband access platforms, IMA concentrators, integrated access devices, and Internet security/firewall appliances and related access equipment. The HDSL/T1 category includes various Time Division Multiplex and ATM products used to deploy T1/E1, fractional T1/E1, and Symmetrical HDSL (SHDSL) services to businesses over dedicated leased-line copper. The products in this category include carrier-based HDSL, HDSL2, and HDSL4 solutions for the central office, outside plant, and customer premises; global TDM-based SHDSL solutions; and enterprise-based T1 and T3 Data Service Units/Channel Service Units and multiplexers. The DBT category includes legacy products used to deploy integrated services digital network, digital data service, and frame relay services. The company provides its services to large and small independent telephone companies, competitive service providers, Internet service providers, long distance service providers, wireless service providers, and incumbent carriers and competitive service providers. It also serves private and public organizations in various markets, including finance, retail, food service, government, education, healthcare, manufacturing, military, transportation, hospitality, and energy/utility. ADTRAN was incorporated in 1985 and is headquartered in Huntsville, Alabama.


PARTNER COMMUNICATIONS COMPANY LTD (PTNR)

Partner Communications Company, Ltd. provides mobile telecommunications services primarily based on the global system for mobile communications (GSM) technology in Israel. Its mobile services include standard and enhanced GSM services, as well as various value added services and products, such as voice mail, voice messaging, color picture messaging, icon, ringtone and game downloads, information services, high speed circuit switched data, general packet radio services, personal numbering, and data and fax transmission services. The company also provides international roaming services. In addition, it offers a range of new services, such as video calls, video-based content services, and data transmission services based on universal mobile telecommunications system 3G services. The company distributes its services primarily through its sales centers and business sales representatives; and indirectly through traditional networks of specialist dealers, and nontraditional networks of retail chains and stores. As of June 30, 2005, Partner Communications had approximately 2,409,000 subscribers. It also sells mobile handsets. The company was founded in 1997 and is headquartered in Rosh Ha-ayin, Israel. Partner Communications Company, Ltd. is an indirect subsidiary of Hutchison Telecommunications International Limited.


INTERDIGITAL COMMUNICATIONS CORP (IDCC)

InterDigital Communications Corporation engages in the design, development, licensing, and sale of wireless technology solutions for voice and data communications. Its solutions primarily include time division multiple access and code division multiple access technologies, as well as technologies covering 2G, 2.5G, 3G, and 802 standards. The company's solutions are incorporated in various products, which principally comprise mobile phones and personal digital assistants; other wireless devices, such as laptops, PC cards, and USB sticks; base stations and other infrastructure equipment; and modules and components for wireless devices. InterDigital Communications offers its solutions to semiconductor companies and equipment producers primarily in Japan and Europe. The company was incorporated in 1972. It was formerly known as International Mobile Machines Corporation and changed its name to InterDigital Communications Corporation in 1992. InterDigital Communications is headquartered in King of Prussia, Pennsylvania.


TEKELEC (TKLC)

Tekelec engages in the design, manufacture, marketing, and support of network signaling products, switching products and services, and selected service applications for telecommunications networks and contact centers. The company operates through four groups: Network Signaling, Switching Solutions, Communications Software Solutions, and IEX Contact Center. The Network Signaling group develops and sells EAGLE 5 Signaling Application System, a multidisciplined signaling platform designed for the mobile, fixed line, and Internet protocol (IP) networks; the Tekelec 1000 applications server, a processing platform; and the Tekelec 500 Signaling Edge for signaling in converged networks and other convergence products. The Switching Solutions group offers Tekelec 9000 DSS, an integrated voice and data switching solutions; Tekelec 8000 Wireless Media Gateway, a mobile solution for handling circuit switched TDM traffic, as well as packet-based voice traffic; Tekelec 7000 C5,which delivers voice switching for both circuit and packet-based networks; Tekelec 700 Line Access Gateway a central office line replacement platform used in conjunction with the Tekelec 7000 C5 and the Tekelec 9000 DSS; and Tekelec 6000 voice over internet protocol application Server provides IP-based business services, such as IP Centrex, hosted private branch exchange, and business trunking, in addition to residential broadband. The Communications Software Solutions group offers integrated application solutions, a suite of business-oriented applications; Service Creation System; and Sentinel, a data acquisition product capturing data from signaling networks. The IEX Contact Center group develops, markets, and sells software-based solutions for call centers. The company offers its products and services to telecommunications carriers, network service providers, and contact center operators. Tekelec is headquartered in Calabasas, California.


OPEN JOINT STOCK COMPANY "VIMPEL-COMMUNICATIONS" (VIP)

Vimpel-Communications provides wireless communication services in Russia and Kazakhstan. Its wireless services include voice telephony services; value added services using short messaging services, unstructured supplementary services data, wireless application protocol, global packet radio services, and multimedia messaging technologies; interconnections with other networks; and access to both national and international roaming service. The company offers these services to its subscribers under two types of payment plans, which include contract plans and prepaid plans. Vimpel-Communications also sells wireless handsets and accessories to its subscribers. As of December 31, 2004, the company had approximately 26.6 million subscribers on wireless networks. Vimpel-Communications has strategic relationships with Telenor East Invest AS and Alfa Group. The company was founded in 1992 and is headquartered in Moscow, Russia. Vimpel-Communications acquired Sakhalin Telecom Mobile and Sakhalin Telecom Limited in July 2005.


C-COR INCORPORATED (CCBL)

C-COR Incorporated provides integrated network solutions that include access and transport equipment, software solutions, and technical services for broadband networks in the United States. The company operates in three segments: C-COR Access and Transport, C-COR Network Services, and C-COR Solutions. The C-COR Access and Transport segment engages in the development, management, production, support, and sale of access products, including amplitude modulation headend/hub optical platform and line of optical nodes, and radio frequency amplifiers. This segment also offers transport products, which include digital video systems and GigaBit Ethernet transport platforms for converged and multiservice packet-based networks. The C-COR Network Services segment provides outsourced operational services, network design and engineering, network integration, outside plant and construction services, and consulting to various customers. The C-COR Solutions segment engages in the development, integration, management, implementation, support, and sale of content management systems, including software and hardware, for delivery of video on demand and digital advertising, as well as application-oriented software for subscriber activation and retention, network and service assurance, and workforce management. The company's customers include cable system operators, telephone companies, and broadcasters buying digital video transport products. It sells its products and services through its direct sales force and sales and distribution channel partners. C-COR was organized in 1953 and is headquartered in State College, Pennsylvania.


PLANTRONICS INC (PLT)

Plantronics, Inc. engages in the design, manufacture, and marketing of lightweight communications headsets, telephone headset systems, and accessories for the business and consumer markets worldwide. It also manufactures and markets specialty telecommunication products for the hearing-impaired and other related products for people with special communications needs. The company's headsets are used for cell phones, in contact centers, in the office, and at home for telephony, mobile, gaming, computer audio, voice over Internet protocol, and entertainment applications. Plantronics also offers various headset accessories, such as replacement voice tubes, ear cushions, ear tips, and wind noise suppressors, as well as handset lifters and in-use indicators. Further, its other specialty product offerings include the Clarity Power telephone with accessories, an extra loud ringer, an extra large lighted keypad, volume control circuitry, telephones with advanced sound processing, text telephones, notification systems, emergency response systems, and other products for the hearing impaired, deaf, and others with special needs. The company distributes its products through distributors, original equipment manufacturers, wireless carriers, retailers, and telephony service providers. Plantronics was founded in 1961 and is headquartered in Santa Cruz, California.


METALLINE MINING COMPANY (MMG)

Metalline Mining Company, through its subsidiaries Minera Metalin S.A. de C.V. and Contratistas de Sierra Mojada S.A. de C.V., engages in the exploration and development of mineral properties in Mexico. It primarily explores for silver, copper, zinc, and lead deposits. As of October 31, 2006, the company owned 100% interest in Sierra Mojada property comprising 12 concessions covering approximately 10,522.2462 hectares located in the municipality of Sierra Mojada, Coahuila, Mexico. Metalline Mining was founded in 1993 and is based in Coeur d'Alene, Idaho.


CHINA UNICOM LTD (CHU)

China Unicom Limited operates as an integrated telecommunications operator in China. It offers cellular communications services based on both global system for mobile communications (GSM) and code division multiple access (CDMA) technologies. As of June 31, 2005, the company had 89.614 million GSM cellular subscribers and 30.920 million CDMA cellular subscribers. It also offers international roaming and a range of value-added services, including short message services and wireless data services. China Unicom provides international and domestic long distance services in China based on both the traditional public switched telephony standard and the Internet protocol telephony standard. In addition, the company offers mobile phone navigation service. China Unicom has strategic relationship with China Telecom Corp., Ltd. The company was incorporated in 2000 and is headquartered in Hong Kong. China Unicom Limited is a subsidiary of China Unicom (BVI) Limited.


ZI CORPORATION (ZICA)

Zi Corporation provides intelligent interface solutions in Canada, the United States, and China. The company operates in two segments, Zi Technology and e-Learning. Zi Corporation develops software for mobile and consumer electronic devices through its Zi Technology segment. Zi Technology's core technology products, eZiText and eZiTap, are a predictive text input solutions that predict words and/or phrases for use in messaging and other text applications in approximately 48 language databases. eZiText offers text input on various electronic devices for applications, such as short messaging, email, e-commerce, and Web browsing. Through its e-Learning segment, which includes Oztime, English Practice, and an equity interest in Magic Lantern Group, Inc., the company also involves in e-learning technology, content, and customer service, as well as educational content and distribution channels to offer learning management systems, interactive online courses, and network education solutions. The company was formed in 1987 as Cancom Ventures, Inc. Subsequently, it changed its name to Multi-Corp, Inc. in 1990 and to Zi Corporation in 1997. Zi Corporation is headquartered in Calgary, Canada.


TUT SYSTEMS INC (TUTS)

Tut Systems, Inc. engages in the design, development, and sale of digital video processing systems that enable telephony-based service providers to deliver broadcast digital video signals over their networks. The company also offers digital video processing systems that enable private enterprise and government entities to transport video signals over satellite, fiber, radio, or copper networks for surveillance, distance learning, and television production applications. In addition, it develops and provides broadband transport and service management products, which enable the provisioning of high speed Internet access and other broadband data services over existing copper networks within hotels and private campus facilities. The company offers its products primarily to local exchange companies, postal companies, government agencies, and telephone and telegraph companies in North America, Europe, and Asia. Tut Systems was founded in 1983 and is headquartered in Lake Oswego, Oregon.


PHILIPPINE LONG DISTANCE TELEPHONE COMPANY (PHI)

Philippine Long Distance Telephone Company (PLDT) provides telecommunications service in Philippines. It operates in three segments: Wireless, Fixed Line, and Information and Communications Technology. The Wireless segment offers cellular mobile services, cellular mobile and telecommunications services, and satellite phone and communication services. The Fixed Line segment provides fixed line telecommunications services, including local exchange, international long distance, national long distance, data and other network, and miscellaneous services. The Information and Communications Technology segment offers broad-based integrated information and communications technology services focusing on infrastructure and solutions for Internet applications, Internet protocol-based solutions, and multimedia content delivery. PLDT also offers various value added services, including voice mail, information-on-demand, mobile banking, and TextMail, as well as text games and chat services. The company was founded in 1928 and is based in Makati City, Philippines.


NIPPON TELEGRAPH AND TELEPHONE CORPORATION (NTT)

Nippon Telegraph and Telephone Corporation (NTT) provides fixed and mobile voice-related services, Internet Protocol/packet communications services, sales of telecommunications equipment, systems integration, and other telecommunications related services in Japan. It primarily provides regional communications, long distance and international communications, mobile communications, and data communications services in Japan. The principal services in the regional, and long distance and international communications business include intraprefectural communications services, international communications services, and related ancillary services. The principal services in the mobile communications business include cellular services, personal handyphone system services, Quickcast services, and related ancillary services. The company's data communications business includes systems integration and network systems services. Its other services include building maintenance, real property leasing, systems development, leasing, and research and development. NTT was formed in 1952 and is headquartered in Tokyo, Japan.


TELE CELULAR SUL PARTICIPACOES S.A (TSU)

TIM Participacoes S.A., through its subsidiaries, provides cellular telecommunications services in the southern and northeastern Brazilian states. It provides time-division multiple access technology (TDMA) and global system for mobile communication technology (GSM) based cellular services. The company also offers automatic roaming services to its TDMA and GSM customers; interconnection services to fixed line and cellular service providers; and various value added services, such as short messaging, multimedia message, voice mail, call waiting, call forwarding, and conference calling services. In addition, it sells cellular handsets to its customers. The company is headquartered in Curitiba, Brazil. TIM Participacoes S.A. is a subsidiary of TIM Brasil Servicos e Participacoes S.A.


P.T. TELEKOMUNIKASI INDONESIA TBK (TLK)

Perusahaan Perseroan (Persero) P.T. Telekomunikasi Indonesia Tbk. (TELKOM) provides fixed line telecommunications services in Indonesia. It primarily offers local and domestic long-distance services; limited mobility CDMA-based fixed wireless phone services, as well as international direct dialing services; and cellular services. The company also provides a range of other telecommunications services, including interconnection services; network services, such as satellite transponder leasing, satellite broadcasting, VSAT, audio distribution, satellite-based leased lines, and terrestrial-based leased lines; and data and Internet services that include SMS for fixed line, fixed wireless and cellular phones, dial-up and broadband Internet access, data network services, VoIP services for international calls, ISDN lines, and other multimedia services. In addition, TELKOM offers telephone directory, cable and pay television and related services, and telex and telegram services. The company provides its products and services primarily to residential customers; business customers; and social customers, including churches, hospitals, schools, and government offices, as well as public telephones, including kiosk phones or public phones. TELKOM was founded in 1884 and is headquartered in Bandung, Indonesia.


COMMONWEALTH TELEPHONE ENTERPRISES INC (CTCO)

Commonwealth Telephone Enterprises, Inc. provides telephony and related services as a rural incumbent local exchange carrier (RLEC) in Pennsylvania. It also operates as a competitive local exchange carrier. The company operates in two segments, Commonwealth Telephone Company (CT) and CTSI, LLC (CTSI). The CT segment is a RLEC, which includes long-distance reseller and broadband data service that uses digital subscriber line technology to offer high-speed Internet access. The CTSI segment is a competitive local exchange carrier, which is comprised of telecommunications-related businesses, including epix Internet Services, a rural Internet service provider; and Commonwealth Communications, a provider of telecommunications equipment and facilities management services. The company's epix business provides Web page hosting and design services. Its commonwealth communications business designs, installs, and manages telephone systems for businesses, hospitals, and universities primarily in Pennsylvania. It also undertakes premises distribution systems projects primarily for hospitals and educational institutions. The company's services comprise caller identification; voice mail; and custom calling services, such as call-forwarding, call waiting, and three-way calling. It offers local, toll, network access, long-distance, enhanced services, broadband data services, and Internet access services. CTE is headquartered in Dallas, Pennsylvania.


TELEFONICA SA (TEF)

Telefonica, S.A. offers a range of diversified telecommunication services in Spain and Latin America. It provides fixed line public voice telephone services, such as Local, domestic long distance, international long distance, and fixed-to-mobile communications services; wireless communications services, including voice services, international roaming, wireless Internet and data services, wireless intranets, and other corporate services; Internet access services; audiovisual content and media services; and data transmission services, as well as wholesale services for telecommunication operators. The company also involves in the publishing, development, and sale of advertising in telephone directories, as well as offers directories online and in telephone-based format. In addition, Telefonica operates contact centers in Spain, Latin America, and Morocco. It primarily operates in Spain; and Latin America, including Brazil, Argentina, Chile, Peru, Mexico, Colombia, Ecuador, Nicaragua, Panama, Uruguay, Venezuela, El Salvador, and Guatemala. As of March 31, 2005, Telefonica had 131.0 million accesses lines. Telefonica has strategic alliances with Terra Networks, S.A.; Banco Bilbao Vizcaya Argentaria, S.A.; and The University of Miami's Information Technology Executive Institute. The company was incorporated in 1924 and is headquartered in Madrid, Spain.


COMPANIA DE TELECOMUNICACIONES DE CHILE S.A (CTC)

Compania de Telecomunicaciones de Chile S.A. provides a range of telecommunications and other services to individuals and companies in Chile. It primarily offers local telephone services; domestic long-distance services and international long-distance services; data transmission; dedicated lines; broadband and Wireless Fidelity; terminal equipment sales and leasing; public telephone services; and interconnection service that include connecting calls from long-distance, mobile, and local telephone networks to its local telephone network. The company also provides value-added services, Internet access, and security systems services. CTC Chile, formerly known as Compania de Telefonos de Chile S.A., was founded in 1930 and is headquartered in Santiago, Chile.


FRANCE TELECOM S.A (FTE)

France Telecom, through its subsidiaries, offers various telecommunications services, which include fixed line telephony, wireless telephony, multimedia, Internet, data transmission, cable television, and other services to consumers, businesses, and telecommunications operators worldwide. The company operates in six segments: Orange; Wanadoo; Fixed Line, Distribution, Networks, Large Customers, and Operators (FDNLO); Equant, TP Group, and Other International. The Orange segment provides wireless communications services, which include voice and data communications services, primarily in Europe. The Wanadoo segment operates in the European Internet and directories market, and provides multimedia and Internet services. The FDNLO segment provides fixed line telephony services, payphone and card services, cable television, data transfer services, network services, and radio broadcasting services. The Equant segment offers global Internet Protocol, data, network outsourcing, and application development services for multinational businesses. The TP Group segment offers various services that include fixed line telephony, line leasing, radio communications, and Internet services in Poland. The Other International segment offers fixed line telephony services outside France. The company also provides various services, such as email, call signal, automatic call back of the last number, call transfer, three party conversation, caller number and name identification, shortened numbers, toll free numbers, shared cost numbers, management of calls and telephone conferences, management of bills, directory enquiries, and private virtual networks. The company serves approximately 126 million customers worldwide. France Telecom has a strategic partnership with Microsoft for the joint development of multimedia products and services. The company, formerly a part of the French Telecommunications Ministry, was founded in 1990. France Telecom is based in Paris, France.


RADYNE CORPORATION (RADN)

Radyne Corporation engages in the design, manufacture, sale, integration, and installation of products, systems, and software used for the transmission and reception of data and video over satellite, microwave, and cable communication networks. The company's products include satellite modems and earth stations; Internet via satellite terminal equipment; frequency converters; data, audio, and video broadcast equipment; cable and microwave modems; and integrated receivers/decoders. Radyne, through its Tiernan subsidiary, supplies HDTV and SDTV encoding and transmission equipment. Its Xicom Technology subsidiary produces high power amplifiers for communications applications and other RF products. The company sells products through a network of international sales and service offices, agents, and sales representatives to various customers, including the television broadcast industry; international telecommunications companies that include Internet service providers, private communications networks, network and cable television, financial information providers, systems integrators, banks, and other corporate entities; and the U.S. government. Radyne primarily operates in the United States, Europe, and Asia. The company was incorporated as Radyne Corp. in 1980 and changed its name to Radyne ComStream, Inc. in 1999. Subsequently, it changed its name to Radyne Corporation in June 2005. Radyne is headquartered in Phoenix, Arizona.


CERAGON NETWORKS LTD (CRNT)

Ceragon Networks, Ltd. engages in the development, manufacture, and marketing of broadband wireless network equipment for cellular operators, fixed operators, and private networks and enterprises, such as universities, financial institutions, corporate campuses, governments, and hospitals. Its product consists of a compact antenna, an outdoor unit, an indoor unit, and a simple network management protocol-based proprietary network management software. The company sells its products through distributors, resellers, third party integrators, and original equipment manufacturers in the United States, Europe, Asia, and other countries. Ceragon Networks was founded by Shraga Katz in 1996. It was formerly known as Giganet, Ltd. and changed its name to Ceragon Networks, Ltd. in 2000. The company is headquartered in Tel Aviv, Israel.


TURKCELL ILETISIM HIZMETLERI AS (TKC)

Turkcell Iletisim Hizmetleri A.S. provides mobile communication services in Turkey. It offers a range of wireless communication services, such as network access, call forwarding, call holding, call waiting, call barring, caller ID presentation and caller ID restriction, dual numbering, twin card, high memory SIM card options, international roaming, and mobile virtual private network, as well as other services, such as teleconferencing, voice mail, call alert, collect call service, unified messaging, SMS, MMS, wireless application protocol over general packet radio services, high speed circuit switched data and circuit switched data, mobile Internet, directory service, bill query over SMS, SMS over Web, fleet management, m-commerce, m-payment, and m-marketing services to prepaid and postpaid customers. The company also provides various services, such as call centers and database management, directory assistance, mobile positioning system, fax data services, advertising, GSM services, fixed line long distance call services, and Internet services, as well as operates a central betting system. Turkcell Iletisim sells postpaid and prepaid services to subscribers through distributors, dealers, and TurkcellExtra shops. The company was founded in 1993 and is headquartered in Istanbul, Turkey.


NMS COMMUNICATIONS CORPORATION (NMSS)

NMS Communications Corporation provides technologies, platforms, and systems to wireless and wireline telecommunications operators, and network equipment and application providers. It operates in three segments: Platform Solutions, Voice Quality Systems, and Network Infrastructure. The Platform Solutions segment provides systems building blocks, called Open Access, which offer connectivity to communications networks, call processing, real-time media processing, application programming interfaces, and other application development software tools. Its products allow customers to develop voice, data, and video applications and services. The Voice Quality Systems segment provides products and services related to the company's voice quality and echo cancellation systems. The Network Infrastructure segment offers wireless backhaul optimizer product under the name, AccessGate; and voice quality enhancement and echo cancellation products. In addition, the company provides a range of technical and operational support and training services related to its products. It sells products to communications equipment suppliers, solution developers, and service providers worldwide through direct sales force, as well as through original equipment manufacturers, value added resellers, and channel and system integrator partners. The company, formerly known as Natural MicroSystems, was founded by R. Brough Turner, Charlie Foskett, Steven C. Simonoff, and Wendell Bishop in 1983. NMS Communications is headquartered in Framingham, Massachusetts.


IDT CORPORATION (IDT)

IDT Corporation, through its subsidiaries, provides telecommunications and entertainment services worldwide. It provides retail and wholesale telecommunications services and products, including prepaid and rechargeable calling cards; consumer local, long distance, and wireless phone services; and wholesale carrier services. The company offers wholesale telecommunications services to other telecommunications companies, carrying their traffic over the company's communications network. It develops and produces 2D and 3D animated content for distribution theatrically, on television, and direct-to-video/DVD, as well as live-action content for television and direct-to-video/DVD distribution. In addition, the company engages in the media businesses, including brochure distribution and radio operations, as well as energy, customer contact services, and real estate businesses; and in the development of a fixed wireless network platform that would integrate the wireless spectrum with operational management capabilities and architecture to serve the specialized backhaul and telecommunications connectivity needs of customers. Further, the company provides a range of voice over Internet protocol (VoIP) communications services, including alternatives to traditional phone service, enterprise solutions to small and medium size businesses, calling cards, a VoIP solution for public call centers and Internet cafes, VoIP access directly to consumers, an outsourced offering for other carriers, and a solution for cable operators seeking to offer a telephony solution. The company was founded in 1990 and is headquartered in Newark, New Jersey.


ALASKA COMMUNICATIONS SYSTEMS GROUP INC (ALSK)

Alaska Communications Systems Group, Inc. and its subsidiaries provide facilities-based telecommunications services primarily to retail consumer and business customers, and wholesale customers in Alaska. It provides local telephone; wireless services, such as statewide mobile and fixed voice and data communications services using CDMA and TDMA digital networks; Internet, which include high-speed DSL services; interexchange network; and long distance services. The company also provides messaging; and satellite video entertainment services. It markets its products and services under the brand names Alaska Communications Systems' and ACS'. As of September 30, 2005, the company had 111,000 wireless subscribers, 278,025 local telephone access lines, 53,000 long distance customers, and 52,000 Internet subscribers. Alaska Communications Systems was formed in 1998 and is headquartered in Anchorage, Alaska.


TELECOMMUNICATION SYSTEMS INC (TSYS)

TeleCommunication Systems, Inc. provides wireless data communications solutions in the United States. It operates in two segments, Commercial Applications and Government. Commercial Applications segment offers carrier software system products that enable wireless carriers to deliver short text messages, location information, Internet content, and other communication services to and from wireless phones. Its 20/20 Delivery application enables package and vehicle tracking, productivity tools, and the ability to capture digital signatures for proof of delivery to an installed base of logistics customers. Government segment designs, furnishes, installs, and operates wireless and data network communication systems, including SwiftLink deployable communication systems. These SwiftLink communication systems are used for security, defense, and law enforcement. This segment also owns and operates satellite teleport facilities. The company also provides E9-1-1 service under contracts with 36 wireless carrier networks in the United States and Puerto Rico, as well as voice-over-Internet-protocol service providers. As of December 31, 2004, it used 85 software systems for its customers in wireless carrier networks worldwide. TeleCommunication Systems has a strategic partnership with Thrane & Thrane, Inc. to develop a portable broadband system for governments. The company was founded in 1987 and is headquartered in Annapolis, Maryland.


AIRSPAN NETWORKS INC (AIRN)

Airspan Networks, Inc. supplies broadband wireless access equipment that enables communications service providers, Internet service providers, and other telecommunications users, such as utilities and enterprises, to deliver data and voice services using radio frequencies. The company provides broadband access platforms; network management systems that perform configuration, alarm, test, and performance management activities; installation tools, which assist its customers with installation or troubleshooting of customer premises equipment installations; and radio planning, a planning and configuration tool that enables operators to plan and deploy the wireless systems. Its products also include software tools that enable geographic coverage and provide ongoing network management. Airspan Networks sells its products primarily through its direct sales force, distribution channels, independent agents, and resellers in the United States and internationally. The company also provides network installation, training, and support services. Airspan Networks is headquartered in Boca Raton, Florida.


WESTELL TECHNOLOGIES INC (WSTL)

Westell Technologies, Inc., a holding company, engages primarily in the design, manufacture, and distribution of telecommunications equipment. It produces customer networking equipment (CNE) and network service access (NSA) product lines. The CNE product line includes broadband and digital subscriber line technology products that enable the transport of data over the local loop. These products enable telecommunications companies to provide broadband services over existing copper infrastructure. The company's broadband products also enable residential, small business, and small office home office users to network multiple computers, telephones, and other devices to access the Internet. The NSA product line consists of manageable and nonmanageable T1 transmission equipment, associated mountings, and special service plugs for the legacy copper telephone network. Westell, through Conference Plus, Inc., provides audio, video, and Web conferencing services to businesses and individuals. The company sells its products through domestic field sales organization and selected distributors to regional bell operating companies within the United States, as well as to various other entities, including public telephone administrations located outside the United States, independent local exchange carriers, competitive local exchange carriers, inter-exchange carriers, Internet service providers, and business enterprises. Westell also markets its products in Canada and Europe. The company was founded in 1980 and is headquartered in Aurora, Illinois.


SPECTRALINK CORPORATION (SLNK)

SpectraLink Corporation engages in the design, manufacture, and sale of workplace wireless telephone systems. It provides the Link wireless telephone system (Link WTS) and NetLink wireless telephones. The Link WTS uses a proprietary radio infrastructure in the 902 MHz-928 MHz radio band targeted to organizations that require a wireless voice solution for their on-premises mobile workforce. The NetLink wireless telephone products operate over Institute of Electrical and Electronics Engineers 802.11-compliant wireless local area networks in the 2400 MHz-2483 MHz frequency band using standards-based Internet protocol technology. NetLink products are targeted to organizations that require both a wireless voice and wireless data solution on a single network. The company also offers an Open Application Interface, which enables third-party messaging applications to be integrated with SpectraLink wireless telephones. SpectraLink sells its products to customers in the United States, Canada, Mexico, Europe, and Asia-Pacific through direct sales channels, as well as through indirect channels, including distributors, resellers, and original equipment manufacturers. The company was founded in 1990 and is headquartered in Boulder, Colorado.


INTERVOICE INC (INTV)

Intervoice, Inc. provides converged voice and data solutions for the network and enterprise markets worldwide. Through its product suites, the company offers speech-enabled IVR applications, multimedia and network-grade portals, voicemail, and prepaid calling solutions to network operators, service providers, and enterprise customers. Intervoice provides the platform, software, applications, and services for voice automation. Omvia, its product suite, is used for multimedia messaging, portal, IVR, and payment applications. In addition, Intervoice provides various services, including implementation, business and technical consulting services, and recurring maintenance services. It sells systems directly to end-users and distributors primarily in the banking and financial, telecommunications, human resource, and healthcare markets. The company has strategic alliances with Intel, Microsoft, HP, and ScanSoft. Intervoice was founded in 1983 and is headquartered in Dallas, Texas.


BRASIL TELECOM PARTICIPACOES S.A (BRP)

Brazil Telecom Holding Company provides local and long-distance telecommunications services in Brazil. The company offers various services that include local services, such as calls that originate and terminate within a single local area in the region, as well as installation, monthly subscription, measured services, public telephones, and supplemental local services; intraregional long-distance services, which include intrastate and interstate; interregional and international long-distance services; network services, including interconnection, leasing of facilities that include leasing trunk lines to cellular service providers for use within their own network, and fixed-to-mobile services; data transmission services; wireless mobile services; and other services. In addition, it provides a range value-added services, such as call forwarding, voice mail, caller ID, call waiting, and directory inquiry voice service, as well as advertising on public telephone cards. The company is based in Brasilia, Brazil. Brazil Telecom Holding Company is a subsidiary of Solpart Participaçoes S.A.


TELEPHONE AND DATA SYSTEMS INC (TDS)

Telephone and Data Systems, Inc. (TDS), through its subsidiaries, provides wireless and wireline telecommunications services in the United States. The company's wireless products and services include mobile messaging, prepaid wireless service, voice and data services, mobile-to-mobile dialing, international long distance, wireless office products, including analog and digital handsets, and directory assistance call completion services, as well as local, regional, and national service plans. Its wireline telecommunications services include local exchange service, long-distance telephone service, and Internet access to rural and suburban communities. As of December 31, 2004, TDS served approximately 6.1 million customers in 36 states, including 4,945,000 wireless telephone customers and 1,157,200 wireline telephone equivalent access lines. The company sells its products through direct sales agents, and retail sales and service centers, as well as through the Internet and telesales. Telephone & Data Systems was incorporated in 1968 and is headquartered in Chicago, Illinois.


BLONDER TONGUE LABORATORIES INC (BDR)

Blonder Tongue Laboratories, Inc. engages in the design, manufacture, and supply of electronics and systems equipment for the cable television industry in the United States. The company also offers equipment and solutions for the high-speed transmission of data and the provision of telephony services in multiple dwelling unit applications. It offers analog video headend products, digital video headend products, high-speed data products, telephony products, microwave products, fiber products, distribution products, addressable subscriber and interdiction products, and test products. These products are used to acquire, distribute, and protect a range of communications signals carried on fiber optic, twisted pair, coaxial cable, and wireless distribution systems. The company's customers comprise cable system integrators, as well as companies engaged in the provision of communications services, including television, high-speed data, and telephony to single family dwellings, multiple dwelling units, the lodging industry, hospitals, prisons, schools, and marinas. Blonder Tongue Laboratories was founded by Ben H. Tongue and Isaac S. Blonder in 1950. The company is headquartered in Old Bridge, New Jersey.


SYMMETRICOM INC (SYMM)

Symmetricom, Inc., through its subsidiaries, supplies precise timing standards to industry, government, utilities, research centers, and aerospace markets worldwide. Its Wireline Products segment offers digital clock distributors based on quartz, rubidium, and global positioning system (GPS) technologies. The company's Wireless/Original Equipment Manufacturer Products segment offers rubidium atomic oscillators; GPS accessory components, including receiving antennas, timing antennas, splitters, amplifiers, and lightning protectors; subsystem cards or modules used within another manufacturer's equipment; and broadband access devices. Its Global Services segment provides system planning, network audits, network monitoring, maintenance, logistics, and installation services. The company's Specialty Manufacturing/Other Products segment offers semiconductor equipment, transmission products, and contract manufacturing services. Symmetricom's Timing, Test, and Measurement segment provides precision time and frequency instruments and reference standards for various applications to the aerospace, defense, enterprise, test, and measurement marketplaces. Its products include synchronized clocks; network timeservers; network displays; time code generators; computer plug-in cards; and primary reference standards, such as cesium frequency standards and active hydrogen masers. The company's customers include worldwide public network providers, incumbent local exchange carriers, public telephone and telegraph companies, competitive local exchange carriers, other telephone companies, wireless service providers, cable television operators, distributors and systems integrators, Internet service providers, and communications original equipment manufacturers. It sells its products directly to customers, as well as through distributors and systems integrators. Symmetricom was incorporated in 1956 and is headquartered in San Jose, California.


GENERAL COMMUNICATION INC (GNCMA)

General Communication, Inc. (GCI) and its subsidiaries provide local and long-distance voice, video, and data communication services to residential, commercial, and government customers in the United States and internationally. The company offers long-distance telephone service between Alaska in the United States, and foreign countries; cable television services throughout Alaska; and facilities-based competitive local access services in Anchorage, Fairbanks, and Juneau, Alaska. It also provides Internet access services; origination and termination of traffic for certain common carriers in Alaska; and private line and private network services. GCI also offers managed services to certain commercial customers; broadband services, including its School Access to rural school districts and a similar offering to rural hospitals and health clinics; and sales and service of dedicated communications systems and related equipment. In addition, the company provides lease and sales of capacity on its undersea fiber optic cable systems used in the transmission of interstate and intrastate private line, switched message long distance, and Internet services; and distribution of white and yellow pages directories to residential and business customers in certain markets it serve and on-line directory products. The company also supplies integrated voice and data communications systems incorporating interstate and intrastate digital private lines, point-to-point, and multipoint private network and small earth station services. As of December 31, 2004, it had approximately 91,300 long-distance customers, 112,100 local access lines in service, 134,700 basic cable subscribers, and 101,600 Internet subscribers, including 65,500 cable modem subscribers. GCI was founded in 1979 by Bob Walp and Ron Duncan. The company is based in Anchorage, Alaska.


CENTENNIAL COMMUNICATIONS CORPORATION (CYCL)

Centennial Communications Corp. and its subsidiaries provide wireless and broadband telecommunications services. The company provides wireless network access and other services to wireless telephone subscribers in Puerto Rico, the Dominican Republic, and the United States Virgin Islands. It provides various custom calling features, such as voice mail, caller ID, call forwarding, call waiting, and conference calling, as well as messaging services, including messaging, picture messaging, and multimessaging services. Centennial Communications also offers its customers with Internet access directly from their handsets, as well as the ability to download games, ring tones, and other applications. It provides various handsets employing TDMA and GSM/GPRS technology in the United States; and CDMA technology in the Caribbean. In addition, the company offers a range of communications services, including asynchronous transfer mode, frame relay, Wi-Fi, gigabit Ethernet dedicated access, dedicated Internet ports, international long distance, switched access, high speed Internet access, dial-up Internet access, and private line services over its own fiber-optic and microwave network in Puerto Rico and Dominican Republic service areas. Further, it offers various types of data center services, such as server and storage collocation, Web hosting, and managed services. As of May 31, 2005, Centennial Communications served approximately 1,244,800 wireless subscribers and 299,100 access line equivalents covering approximately 19.8 million Net Pops in the United States and the neighboring Caribbean. The company was organized in 1988. It was formerly known as Centennial Cellular Corp. and changed its name to Centennial Communications Corp. in 2000. Centennial Communications is headquartered in Wall, New Jersey.


TELECOM CORPORATION OF NEW ZEALAND LIMITED (NZT)

Telecom Corporation of New Zealand Limited, through its subsidiaries, provides telecommunications services and products to residential and business customers primarily in New Zealand and Australia. It operates through four segments: NZ Wired, NZ Wireless, International, and Australian Operations. The NZ Wired segment provides fixed line and value-added services for voice and data communications, internet access and online services, IT and communications solutions, and directories publishing. The NZ Wireless segment provides wireless voice and data services. The International segment provides international telecommunications via a direct network to international carriers and bilateral relationships worldwide. The Australian Operations segment offers various fixed and mobile telecommunications services provided to residential; small, medium, and large business; corporate; and government customers. The company was established in 1987 and is based in Wellington, New Zealand.


TELECOM ITALIA S.P.A (TI)

No description available.


SEACHANGE INTERNATIONAL INC (SEAC)

SeaChange International, Inc. (SCII) engages in the development, manufacture, and marketing of digital video systems, which automate the distribution of video content. It also provides operations and applications software that automates the management and distribution of long-form video streams. SCII operates through three segments: Broadband Systems, Broadcast Systems, and Services. The Broadband Systems segment provides products that manage, store, and distribute digital video. It offers the IP Video System and SPOT System. The IP Video System digitally manages, stores, and distributes digital video, enabling cable system operators and telecommunications companies to offer video-on-demand and other interactive television services. The SPOT System transmits video content for the insertion of advertisements and other short-form video into television network streams. The Broadcast Systems segment offers products for the storage, archival, on-air playback of advertising, and other video programming for the broadcast television industry. It offers the Broadcast MediaCluster System, which is used to record, encode, store to a disk, and play video content using compression and decompression hardware. The Services segment provides software development, installation, training, project management, product maintenance, technical support, and movie content delivery services. SCII also offers MediaLibrary, a mass storage system that stores media files, independent of format and compression; and MediaClient, a media device to support the streaming and storage requirements of digital video applications. The company sells its products primarily to cable system operators, and broadcast and telecommunications companies through its direct sales force, and through independent agents and distributors in the United States and internationally. SCII, formerly known as SeaChange Technology, was founded by Bill Styslinger in 1993. The company is headquartered in Maynard, Massachusetts.


VIASAT INC (VSAT)

ViaSat, Inc. engages in the design, production, and marketing of advanced broadband digital satellite communications, and other wireless networking and signal processing equipment in North America and internationally. The company operates in Government and Commercial segments. The Government segment includes tactical data links, tactical networking and information assurance (TNIA), and mobile satellite communication systems (MSCS). Tactical data links product line consists of multifunction information distribution system, which enables data networking among ground and airborne military users providing an electronic picture of the battlefield to each user in the network. TNIA products include information security and ViaSat Data Controller products that enable military and government communicators to secure information. MSCS primarily consist of stand-alone and embedded satellite modems, terminals, and test and training equipment. The Commercial segment provides consumer broadband, mobile broadband, and enterprise very small aperture terminal (VSAT) products. Its consumer broadband products include the development of data over cable service interface specification-based and digital video broadcast-return channel satellite broadband systems; mobile broadband products include airborne, maritime, and ground mobile terminals and systems; and enterprise VSAT satellite communication products and services comprises a range of terminals, hubs, and networks control systems. In addition, this segment provides antenna systems and designs monolithic microwave integrated circuits, packaged components, and modules. The company sells its products through its direct sales force, as well as through strategic relationships primarily to Department of Defense, other U.S. government agencies and departments, satellite network integrators, and large communications service providers. ViaSat was incorporated in 1986 and is headquartered in Carlsbad, California.


CARRIER ACCESS CORPORATION (CACS)

Carrier Access Corporation designs, manufactures, and sells broadband access equipment to wireline and wireless carriers. It provides wireless and satellite products, including equipment for use in transporting and managing voice and data traffic between cell sites and regional switching offices; and equipment for providing FCC mandated E911 services. The company offers converged business access products that integrate multiple voice and data access services, as well as support the connection of customer voice and data equipment, such as telephones, enterprise telephone networks, local area networks, video conferencing equipment, and installed data equipment to wide area network services; and products that transmit voice communications over the Internet. It also provides Exxtenz product that enables service providers to utilize PON technology to deliver services, such as wire-speed Ethernet, voice, T1, and video services to businesses. The company sells its products directly to wireline and wireless carriers primarily in the continental United States, Latin America, and Asia, as well as indirectly through a channel of distributors, integration partners, and original equipment manufacturers. It serves wireline and wireless customers, including local and long distance carriers, wireless mobility carriers, cable operators, Internet carriers, and international communications providers. The company was founded in 1992 and is headquartered in Boulder, Colorado.


TELECOM ARGENTINA STET - FRANCE TELECOM S.A (TEO)

Telecom Argentina S.A. provides fixed-line public telecommunications services and basic telephone services in Argentina. It primarily offers voice, data, and Internet services, such as basic telephony services, including local and domestic long-distance telephone services and public telephone services; international long-distance services; data transmission and Internet services; and other basic telephony services, such as call waiting, call forwarding, conference calls, voice mail, and itemized billing, as well as provides telecommunications consulting and telecommunications equipment and maintenance services. The company also offers wireless telephone services and directory publication services in Argentina. Telecom Argentina, formerly known as Sociedad Licenciataria Norte S.A., was founded in 1990 and changed its name to Telecom Argentina STET-France Telecom S.A. in 1990. Further, it changed its name to Telecom Argentina S.A. in 2004. The company is based in Buenos Aires, Argentina. Telecom Argentina S.A. is a subsidiary of Nortel Inversora S.A.


COMTECH TELECOMMUNICATIONS CORP (CMTL)

Comtech Telecommunications Corp. engages in the design, development, production, and marketing of products, systems, and services for communications solutions. The company operates through three segments: Telecommunications Transmission, Mobile Data Communications, and RF Microwave Amplifiers. The Telecommunications Transmission segment provides equipment and systems for satellite, over-the-horizon microwave, and wireless line-of-sight telecommunications systems, which are used in various commercial and defense applications, including the transmission of voice, video, and data over the Internet; long distance telephone; broadcast; cable; and highly secure defense applications. The Mobile Data Communications segment offers satellite-based mobile tracking and messaging services, and mobile satellite transceivers primarily for defense applications, including logistics, support, and battlefield command and control, as well as provides turnkey employee mobility solutions to commercial enterprises. The RF Microwave Amplifiers segment designs, develops, manufactures, and markets broadband amplifiers in the microwave and radio frequency spectrums for defense, medical and health, satellite communications, and instrumentation and testing. The company markets its products through its marketing and engineering personnel, independent representatives, and value-added resellers. Comtech was founded in 1967 and is based in Melville, New York.


POWERSHARES EXCHANGE-TRADED FUND TRUST (PSI)

The investment seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Dynamic Semiconductors Intellidex. The fund will normally invest at least 80% of its assets in common stocks of semiconductors companies. It will normally invest at least 90% of its assets in common stocks that comprise the Semiconductors Intellidex. The Intellidex is comprised of 30 U.S. semiconductors companies.


TELUS CORPORATION (TU)

TELUS Corporation, through its subsidiaries Tele-Mobile Company and TELUS Communications, Inc., provides various telecommunications products and services in Canada. The company operates through two segments, Telus Communications and Telus Mobility. The Telus Communications segment, an incumbent local exchange carrier in western Canada and eastern Quebec, offers data, Internet protocol (IP), voice, video, and other services to consumers and businesses. The Telus Mobility segment, a national facilities-based wireless provider, offers digital personal communications services, enhanced specialized mobile radio services, wireless Internet, paging, and analogue cellular services. The company was founded in 1993. It was formerly known as BCT.TELUS Communications, Inc. and changed its name to TELUS Corporation in 2000. TELUS Corporation is based in British Columbia, Canada.


SEMOTUS SOLUTIONS INC (DLK)

Semotus Solutions, Inc. provides software for wireless enterprise applications. Its software connects employees wirelessly to critical business systems, information, and processes. The company offers two lines of products and services within the enterprise application software market, financial services and software, and wireless messaging and communications software and services. Its financial services and software products include Global Market Pro (GMP), a wireless application designed for traders and financial professionals in the global capital, derivative, and foreign exchange markets; Equity Market Pro, an enterprise application built for the institutional equity trader using the GMP financial platform; Futures Market Pro, a wireless financial application that gives financial professionals access to futures and equities data; and a suite of wireless financial consumer products. It also provides the HipLinkXS family of enterprise wireless messaging and communications software and services, which includes PocketDBA and PocketAdmin, and a presentation level integration technology. The company, formerly known as Datalink.net, Inc., was founded in 1986 and changed its name to Semotus Solutions, Inc. in 2001. Semotus is headquartered in Los Gatos, California.


I.D. SYSTEMS INC (IDSY)

I.D. Systems, Inc. provides wireless solutions for corporate asset management. The company designs, develops, and produces wireless monitoring and tracking products that utilize its radio-frequency-based system. It offers Wireless Asset Net fleet management system, which provides wireless vehicle access control to restrict access of equipment to trained and authorized personnel; electronic vehicle inspection checklists; early detection of emerging vehicle safety issues; and impact sensing to assign responsibility for accidents, as well as automates and enforces preventative maintenance. I.D. Systems' rental car monitoring system automatically uploads mileage and fuel data from rental vehicles. It markets systems primarily to large corporations and government agencies in the United States. The company was incorporated in 1993 and is headquartered in Hackensack, New Jersey.


GOLDEN TELECOM INC (GLDN)

Golden Telecom, Inc., together with its subsidiaries, provides integrated telecommunications and Internet services in Russia and other countries of the Commonwealth of Independent States (CIS). The company offers voice, data, and Internet services to corporations, operators, and consumers using its metropolitan overlay network in cities, including Moscow, Kiev, St. Petersburg, Nizhny Novgorod, Samara, Kaliningrad, Krasnoyarsk, Almaty, and Tashkent; and via leased channels, and intercity fiber optic and satellite-based networks, including approximately 233 combined access points in Russia and other countries of the CIS. It offers mobile services in Kiev and Odessa. Golden Telecom also operates call centers that offer telemarketing, actualization, call processing, and hot line services. The company is based in Moscow, Russia.


APT SATELLITE HOLDINGS LIMITED (ATS)

APT Satellite Holdings Limited (APT), through its subsidiary, APT Satellite Company Limited, provides satellite services in China and Asia-Pacific region. Its satellite-based telecommunications and broadcasting services include very small aperture terminal, wholesale voice, and Internet POP gateway services. APT also provides satellite transponder capacity for television programming distribution; backhaul operations, which include the transmission of video feeds from one location to another; and ad hoc or spot services, such as the transmission of special events and live news reports from the scene of the event. It offers these services to television stations, local cable operators, and master antenna systems. The company's telecommunications services include the provision of transponder capacity for private communications networks for data and voice communications and the provision of public switched telephone network carrier services, including the wholesale voice to telecom network operators and other communications service providers in Asia. As of December 31, 2004, APT operated four satellites. The company was founded in 1992 and is based in Tai Po, Hong Kong.


CENTILLIUM COMMUNICATIONS INC (CTLM)

Centillium Communications, Inc. provides semiconductor products that enable broadband communications. Its product portfolio includes silicon integrated circuits and associated software that are used in communications equipment for various broadband markets, including digital subscriber line (DSL) and Voice over Packet (VoP) applications. The company's Maximus and CopperFlite families of DSL infrastructure products are used in various types of communications equipment that aggregate and process data traffic from a substantial number of individual telephone lines for transmission through a data network. Centillium's Palladia family of products is used in various types of customer premises equipment that process data signals between a regular telephone line and a computer. The company provides three products for the VoP market: Entropia III, which is sold to manufacturers of broadband infrastructure products for use in central-office-based voice-switching equipment; Entropia II LP that is marketed for use in central office and enterprise voice equipment; and Entropia II EG, which is marketed for use in central office access gateways and enterprise voice equipment that requires lower channel densities. In addition, the company is developing a family of optical access products targeting optical infrastructure in the Fiber-To-The-Premises market. The company markets and sells its products through its direct sales force and independent sales representatives. Centillium was founded in 1997 and is headquartered in Fremont, California.


SYNALLOY CORPORATION (SYNL)

Synalloy Corporation, through its subsidiaries, produces specialty chemicals, pigments, stainless steel pipe, vessels, and process equipment in the United States. The company operates through two segments, Metals and Specialty Chemicals. The Metals segment manufactures stainless steel, and other metal pipe and piping systems for the chemical, petrochemical, liquid natural gas, pulp and paper, pharmaceutical, mining, power generation, brewery, food processing, waste water treatment, nuclear, and other industries. Its products include fittings, tanks, pressure vessels, and other components. The Specialty Chemicals segment produces specialty chemicals and pigments for the textile, carpet, chemical, paper, metals, photographic, pharmaceutical, agricultural, fiber, and paint industries. Its products include defoamers, surfactants, dye assists, softening agents, polymers, and specialty lubricants. Synalloy, formerly known as Blackman Uhler Industries, Inc., was founded in 1945. It changed its name to Synalloy Corporation in 1967. Synalloy is headquartered in Spartanburg, South Carolina.


CALAMP CORP (CAMP)

CalAmp Corp. engages in the design, manufacture, and marketing of microwave equipment used in the reception of television programming transmitted from satellites and wireless terrestrial transmission sites, as well as two-way transceivers used for wireless high-speed Internet service. CalAmp supplies direct broadcast satellite outdoor customer premise equipment to the United States satellite television market. The company also provides wireless connectivity solutions for the healthcare industry, public safety organizations, telemetry and asset tracking markets, enterprise-class 802.11 networks, and digital multimedia delivery applications. CalAmp provides technology integration solutions consisting of professional services, and proprietary software and hardware to enterprise customers and original equipment manufacturers. The company was founded in 1981. CalAmp was formerly known as California Amplifier, Inc. and changed its name to CalAmp Corp. in 2004. The company is headquartered in Oxnard, California.


VICON INDUSTRIES INC (VII)

Vicon Industries, Inc. engages in the design, manufacture, assembly, and marketing of a range of video systems and system components used for security, surveillance, safety, and control purposes. Its product line consists of various elements of a video system, including network video servers and related video management software, analog and Internet protocol cameras, digital recorders, display units, matrix switching equipment for video distribution, robotic camera dome systems, system controls, and consoles for system assembly. The company also produces products according to customer specification. Its products are applied in office buildings, manufacturing plants, warehouses, apartment complexes, shopping malls and retail stores; federal, state, and local governments for national security purposes, municipal facilities, prisons, and military installations; financial institutions; transportation departments; gaming casinos; and health care facilities, such as hospitals, particularly psychiatric wards and intensive care units. Vicon Industries sells its products primarily through independent dealers, system integrators, and distributors in the United States, Europe, Scandinavia, and the Middle East. The company was incorporated in 1967 and is based in Hauppauge, New York.


BRASIL TELECOM PARTICIPACOES S.A (BTM)

Brasil Telecom S.A. provides fixed-line telecommunications services in Brazil. It offers local and intrastate fixed line telecommunications services. The company's local fixed-line services include calls that originate and terminate within a single local area, as well as installation, monthly subscription, public telephones, and supplemental local services. Intrastate long distance services consist of intrastate and interstate calls, and international long distance services. The company also provides wireless telecommunications services using global system for mobile communications through its subsidiary, Brasil Telecom Celular S.A. In addition, it provides network services that comprise interconnection, leasing of facilities, and fixed-to-mobile services; and data transmission services. Further, the company provides various other supplemental local services, which include voice mail, call waiting, call forwarding, conferencing, speed dialing, caller ID, and advertising on public telephone cards. Brasil Telecom also offers Internet services. As of December 31, 2004, Brasil Telecom had 2,109 points of sale (POS), including 16 flagship stores, 48 kiosks, 800 exclusive authorized dealers and nonexclusive authorized sales agents, and 1,300 prepaid card resellers. These POS offer fixed-line, ADSL, mobile, Internet installation CDs, intelligent services, accessories, modems, and personal computers. The company is based in Brasilia, Brazil. Brasil Telecom S.A. is a subsidiary of Brasil Telecom Participacoes S.A.


DSP GROUP INC (DSPG)

DSP Group, Inc., a fabless semiconductor company, offers short-range wireless communication chip-set solutions for consumer electronics and telecommunication markets worldwide. The company's system-on-a-chip solution includes applications for digital telephony, European digital enhanced cordless telecommunications telephony, and Bluetooth systems for voice, data, and video communication in residential, small-office home-office, and small to medium enterprise environments. In addition, the company offers integrated circuit products that are used in hand-held digital voice recorders, MP3 players, voice over Internet protocol phones, residential gateways, and integrated access devices. It sells its products, through distributors and representatives, to original equipment manufacturers and original design manufacturers in North and South America, Europe, and Asia. DSP Group was founded in 1979 and is headquartered in Santa Clara, California.


KVH INDUSTRIES INC (KVHI)

KVH Industries, Inc. engages in the design, development, manufacture, and marketing of navigation, guidance, and stabilization; and mobile satellite communication sensor products. Its navigation, guidance, and stabilization products include defense-related equipment, as well as KVH fiber optic gyros for both military and commercial applications. The company's mobile satellite communication products comprise marine and land mobile satellite communication equipment, such as satellite-based telephone, television, and broadband Internet connectivity services. The company sells its products principally in North America, Europe, the Middle East, Asia Pacific, and Latin and South America. KVH sells its mobile satellite communications products through independent retailers, chain stores, and distributors, as well as to manufacturers of marine vessels and recreational vehicles. It sells its defense products directly to U.S. and allied governments and government contractors, as well as through authorized independent sales representatives. The company was co-founded by Martin Kits van Heyningen in 1978 and is headquartered in Middletown, Rhode Island.


UNITED STATES CELLULAR CORPORATION (USM)

United States Cellular Corporation (USCC) provides wireless telephone service primarily in the United States. It offers a range of wireless telephones for use by its customers, including analog and digital handsets. The company's digital service offerings include features, such as caller ID; short messaging services; and data transmission, including camera features, downloading, and wireless modem capabilities. It also offers local, regional, and national consumer plans. In addition, the company provides wide-area call delivery, call forwarding, voice mail, call waiting, three-way calling, and no-answer transfer. As of March 16, 2005, it served approximately 4.9 million customers in 148 markets in 25 states. USCC was founded in 1983 and is headquartered in Chicago, Illinois. U.S. Cellular operates as majority owned subsidiary of Telephone and Data Systems, Inc., as of December 31, 2004.


ROYAL KPN N.V (KPN)

Royal KPN N.V. offers telecommunication services to consumers and businesses in Germany, the Netherlands, and Belgium. The company operates in two divisions, Fixed and Mobile. The Fixed division offers retail and wholesale access services on the Dutch fixed network, local, national, and international telephony, as well as Internet services for the Dutch residential and business markets. It also provides integrated wholesale transmission services. Its products and services are grouped relating to access, traffic, digital TV, wholesale services, and business related solutions. The Mobile division comprises mobile activities in Germany, the Netherlands, and Belgium. It provides mobile telecommunication services, such as standard voice and value-added services, including call waiting, call forwarding, voicemail, and message services like SMS and MMS, and advanced data services, such as i-mode, video telephony, and mobile broadband Internet. Its other activities include various international participations, such as its 65% interest in the satellite communications company Xantic, as well as the retail distribution channel and KPN Sales. As of March 31, 2005, the company served approximately 7.4 million fixed-line subscribers and 1.7 million Internet customers in the Netherlands, as well as 17.7 million mobile customers in Germany, the Netherlands, and Belgium. The company was incorporated in 1989 and was formerly known as Koninklijke PTT Nederland N.V. and changed its name to Koninklijke KPN N.V. or Royal KPN N.V. in 1998. Royal KPN is based in The Hague, The Netherlands.


MERCURY COMPUTER SYSTEMS (MRCY)

Mercury Computer Systems, Inc. engages in the design, manufacture, and marketing of computer systems and software worldwide. It operates through four segments: Defense, Commercial Imaging and Visualization (CIV), Advanced Solutions (Advanced Solutions), and Modular Products and Services (MPS). The Defense segment products are embedded in intelligence, surveillance, and reconnaissance gathering systems, including radar and signals intelligence, as well as applications, such as smart weapons, data exploitation, and sonar. The CIV segment offers magnetic resonance imaging, digital X-ray, positron emission tomography, computed tomography, and ultrasound devices. The Advanced Solutions segment supplies computers to original equipment manufactures that produce semiconductor wafer inspection, reticle inspection, mask writing, and telecommunications applications. The MPS segment supplies application-specific computers for telecommunications, industrial, medical, and defense applications. The company also offers a family of hardware products designed to meet the requirements in signal and image processing applications, including PowerStream product line, RACE++ VME product line, and industrial class systems. Its software products include base software development environment, optional software development products, runtime environment, Amira, Open Inventor, ExamineRT, and VisageRT. Mercury Computer Systems was formed in 1981 and is headquartered in Chelmsford, Massachusetts. The company acquired Echotek Corporation in August 2005.


WJ COMMUNICATIONS INC (WJCI)

WJ Communications, Inc. engages in the design, development, and marketing of radio frequency (RF) semiconductor products for wireless and wireline networks, defense and homeland security systems, and RF identification systems worldwide. Its semiconductor products primarily consist of amplifiers, mixers, transistors, multichip modules, RFidentification readers and reader modules, components, and integrated assemblies, which seek to address the RF requirements of various systems. The company's wireless integrated assembly products are primarily used in wireless infrastructure equipment, such as cellular base stations, which provide a combination of voice and data services to mobile users. WJ Communications' products are used by telecommunication and broadband cable equipment manufacturers supporting and facilitating mobile communications, voice services, and data and image transport. The company sells its products principally to its distributor and original equipment manufacturers, including their manufacturing subcontractors; sales representatives; and distributors. WJ Communications was founded in 1957 and formerly known as Watkins-Johnson Company. The company is headquartered in San Jose, California.


ORCKIT COMMUNICATIONS LIMITED (ORCT)

Orckit Communications, Ltd., together with its subsidiaries, engage in the design, development, manufacture, and marketing of telecom equipment that enables transmission of broadband services. The company offers the Corrigent CM-100 product line, a optical transport solution, for based on resilient packet ring and multi protocol label switching technologies, delivering packet transmission services in the metro area. The Corrigent CM-100 solution is designed to enable the provision and management of data and voice transport services. Orckit markets its products primarily in Israel, Asia, the United States, and Europe. The company was founded in 1990 and is headquartered in Tel-Aviv, Israel.


PORTUGAL TELECOM SGPS S.A (PT)

Portugal Telecom, SGPS, S.A., through its subsidiaries, provides telecommunications and multimedia services in Portugal and Brazil. It offers wireline services, such as fixed line telecommunications service and Internet services to residential customers; data communications, leased lines, outsourcing and net solutions, and Internet business-to-business to corporate customers; mobile services, such as voice, data, and Internet-related services. The company also provides multimedia and Internet-related services, including cable and satellite television; broadband Internet access; TV programming activities; radio programming and cable Internet; and cinema distribution, negotiation of cinema rights for film exhibition windows, and distribution of DVDs, videos, and videogames, as well as production and distribution of daily newspapers, news radio, and a range of magazines. In addition, Portugal Telecom sells telecommunications equipment that include handsets, modems, and other telecommunications equipment. It has strategic alliances with Telefonica Moviles, S.A.; Banco Espirito Santo group; and Caixa Geral de Depositos. The company is based in Lisboa Codex, Portugal.


NORTH PITTSBURGH SYSTEMS INC (NPSI)

North Pittsburgh Systems, Inc. (NPS), through its subsidiaries, provides telecommunication services and equipment in western Pennsylvania and Pittsburgh. Its subsidiaries primarily include North Pittsburgh Telephone Company (NPTC); Penn Telecom, Inc.; and Pinnatech, Inc. NPTC operates as an incumbent local exchange carrier that provides various services to approximately 71,500 business and residential access lines in western Pennsylvania. It also provides digital subscriber line services. Penn Telecom, through its optical fiber cable network, offers broadband services and long distance services, as well as provides traditional key and private branch exchange systems to business customers. Pinnatech principally provides Internet and broadband-related services. North Pittsburgh Systems provides directory advertising and billing, as well as sells telecommunications equipment. The company is based in Gibsonia, Pennsylvania.


VIDESH SANCHAR NIGAM LIMITED (VSL)

Videsh Sanchar Nigam Limited (VSNL) provides public international telecommunications services in India. These services directly and indirectly link the Indian domestic telecommunications network to approximately 237 international destinations. The company offers basic, and specialized and value-added services. Basic services include international switched telephone services, including voice, facsimile, and data transmission services; and international telex services, including automatic direct dial telex service; and national long distance services. Specialized and value-added services include international leased lines, Internet telephony, satellite mobile telecommunications, Internet dial-up access, Internet leased line access, electronic data interchange, managed data network services, national long distance, broadband services, video conferencing, transmission of television signals, packet switched data transmission, and e-mail services. As of March 31, 2004, the company operated 12 international switching and transmission facilities for voice, as well as integrated services digital network services at 8 gateways in Mumbai, Kolkata, Delhi, Chennai, Ernakulam, Gandhinagar, Jalandhar, and Kanpur. VSNL was formed as the successor to Overseas Communications Service in 1986. The company is based in Mumbai, India. The company launched its global calling card in Sri Lanka in February 2005.


GLOBECOMM SYSTEMS INC (GCOM)

Globecomm Systems, Inc. provides satellite-based communication solutions. It engages in the design, engineering, integration, and installation of satellite-based ground segment systems and network solutions for the communications requirements of its customers. Its satellite-based ground segment systems comprise earth stations and ancillary subsystems. The company's communication services include standardized services and custom engineered solutions. Its standardized services include Skyborne, which provides point to multipoint content delivery of multimedia content; Access Plus that provides point to point and point to multipoint Internet connectivity; VoIP Backhaul that provides backbone connectivity services for service providers; Hosted Switch, which provides hosted soft switching services for service providers; Video Broadcast that provides video turnaround service for ethnic channels in the United States; and VSAT Services, which include very small aperture terminals, services for Internet access, voice services, and terrestrial network restoral services. Its customizable solutions include managed satellite terrestrial network; video broadcasts; hybrid satellite/cellular hosted switch; VOIP packet voice; disaster recovery/business restoral, satellite-based terrestrial restoral; hosted direct to home broadcast center; and supervisory, control, and data acquisition and surveillance networks. The company's customers include communications services providers, commercial enterprises, multinational corporations, Internet service providers, broadcasters and other content providers, and government and government-related entities. Globecomm Systems was founded in 1994 and is headquartered in Hauppauge, New York.


ZARLINK SEMICONDUCTOR INC (ZL)

Zarlink Semiconductor, Inc. engages in the design, manufacture, marketing, and distribution of semiconductors for the communications and health care industries. It operates in three segments: Network Communications, Consumer Communications, and Ultra Low-Power Communications. Network Communications segment offers microelectronic solutions, such as time division multiplex switching, network timing and synchronization, packet switching, packet and voice processing, and analog and optical discrete components and modules for broadband connectivity over wired and optical media. Its product line enables voice and data convergence for Internet systems, switching systems, and subscriber access systems. Consumer Communications segment provides integrated circuits, and production-ready reference designs and software drivers for satellite, terrestrial, and cable digital television products. Ultra Low-Power Communications segment offers application-specific integrated circuit and standard product solutions for applications, such as pacemakers, hearing aids, portable instruments, and personal area communication devices. Zarlink sells its products through direct and indirect channels of distribution in approximately 40 countries. Zarlink was incorporated in 1971 and is based in Ottawa, Canada.


MEDIALINK WORLDWIDE INCORPORATED (MDLK)

Medialink Worldwide Incorporated provides news and marketing media strategies and solutions that enable corporations and organizations to inform and educate their target audience on television, radio, print, and the Internet. The company offers creative services and multimedia distribution programs, including video and audio news and short-form programming, press release newswire distribution, and photography production and digital distribution. It operates in two divisions, Media Communications Services and Video Watermarking Services. The Media Communications Services division includes Broadcast Services Group (BSG) that provides content creation, production, distribution, and electronic broadcast monitoring services. BSG's principal products and services consist of video news releases and short-form promotional videos; live event broadcasts, including satellite media tours, videoconferences, and Webcasting; audio news releases; and radio media tours. This division also comprises U.S. Newswire, a press release wire service for governmental, public affairs, and nonprofit organization news sources. The Media Communications Services division distributes news releases through a direct wire service feed, as well as through email, satellite, the Internet, and broadcast fax. The Video Watermarking Services division offers Teletrax, an electronic video watermarking and tracking solution for the broadcast, advertising, and entertainment industries. The system provides proof of performance reports and alerts copyright owners to violations. The company was founded in 1986 and is headquartered in New York City.


TELULAR CORPORATION (WRLS)

Telular Corporation engages in the design, development, manufacture, and marketing of wireless products. It operates in two business segments, Fixed Cellular Terminals and Security Products. The Fixed Cellular Terminals segment bridge wireline telecommunications customer premises equipment with cellular type transceivers for use in wireless communication networks. The Security Products segment provides wireless backup systems for both commercial and residential alarms systems. The company's products provide the capability to connect standard telecommunications equipment, including standard telephones, fax machines, data modems, and alarm panels with wireless communication networks in the cellular and personal communications system frequency bands. Telular offers wireless basic telephone service, wireless security products, machine-to-machine, least cost routing, cellular public phones, portable cellular access, and disaster recovery and emergency back-up services for wireless security market. It serves security system installation companies and security system distributors. The company markets its products through distributors in the United States, Latin America, Europe, the Middle East, Africa, and Asia. Telular was founded by William L. De Nicolo in 1986 and is headquartered in Vernon Hills, Illinois.


APPLIED INNOVATION INC (AINN)

Applied Innovation, Inc. (AII) provides network management solutions for the operation of distributed voice and data networks primarily in the United States. It delivers hardware, software, and service solutions that provide connectivity, visibility, and control of network elements and the systems that support them. The company provides solutions in the areas of network mediation, aggregation, and adaptation. AII's hardware products include network management devices; remote site monitoring, security, and aggregation products; and sensor management units. Its products are used for remote site management, wireless repeater management, and radio frequency performance management. In the wireless market its products perform the functions of providing the physical connection to the network elements, mediating the differing data communications standards to a common protocol, and transporting the data across the wide area networks to the network operations center. These products support the operation of switching, transport, test, and access systems. AII also offers network management software solutions to enable telecommunications service providers manage their data communications networks. In addition, it provides various services, which primarily include network management system and deployment services. Its network management system services include design, integration, test, installation, training, and program management. Deployment services include site management, engineering, furnishing, installation, test, and turn-up. AII offers its solutions to telecommunications companies using wireline and wireless networks, and government networks. Its products and services are sold primarily through its own sales force and distributors in Australia, Brazil, Mexico, South Africa, and Canada. AII was founded by Gerard Moersdorf, Jr in 1983. The company is headquartered in Dublin, Ohio.


TELEMIG CELULAR PARTICIPACOES S.A (TMB)

Telemig Celular Participacoes S.A. provides cellular telecommunications services in the state of Minas Gerais in Brazil. It offers its services based upon Time Division Multiple Access technology and Advanced Mobile Phone Service technology. The company also offers various value added services, such as fax reception through mobile handsets, voicemail, call forwarding, call waiting, call conferencing, caller line identification, and three-way calling. In addition, Telemig Celular provides a range of special services, such as customized ring tones, real time play-by-play of soccer matches, information searches, and convenience services. The company through agreements with other mobile service providers offers automatic roaming services in Brazil and internationally. As of June 30, 2005, it had 2,973,130 subscribers. In addition, Telemig Cellular sells handsets, accessories, and calling cards, as well as provides activation services through a network of independent local distributors, company owned stores, direct sales force, and points-of-sale stores, including supermarkets, lottery ticket stands, newsstands, and other retail outlet. The company is headquartered in Brasília, Brazil.


GOAMERICA INC (GOAM)

GoAmerica, Inc. provides wireless, relay, and prepaid communications services, customized for people who are deaf, hard-of-hearing, or speech impaired. The company, through its wholly owned subsidiary, Wynd Communications Corporation, develops, markets, and supports wireless data solutions. The company offers services known as WyndTell and WyndPower, which assist deaf or hard of hearing customers in communicating from metropolitan areas in the continental United States and parts of Canada. WyndTell and WyndPower allow customers to send and receive email messages to and from any email service; provide for delivery and acknowledgements of sent messages that are read, send, and receive TTY/TDD (text telephone or teletypewriter) messages, faxes, and text-to-speech messages; and access the Internet using wireless computing devices. In addition, GoAmerica supports customers who use its proprietary software technology called Go.Web., which is used by enterprise customers to enable secure wireless access to corporate data and the Internet on various wireless computing devices. It also offers Internet service. As of December 31, 2004, GoAmerica had approximately 7,400 Wynd Communications subscribers and approximately 48,700 Go.Web subscribers. The company sells its services and solutions directly and indirectly, through distribution alliance partners, dealers, and value added resellers. GoAmerica was founded in 1996 and is headquartered in Hackensack, New Jersey.


EMS TECHNOLOGIES INC (ELMG)

EMS Technologies, Inc. (EMST) engages in the design, manufacture, and marketing of hardware products for commercial space, defense, and wireless communications. It operates in five segments: Defense and Space Systems (DSS), LXE, EMS Wireless (EMSW), SATCOM, and SatNet. DSS segment offers microwave products for space and defense applications. It offers ferrite circulators, isolators, phase shifters, switches and switching networks, and transmit-receive networks; electronic and radar illuminator subsystems; signal-management and processing hardware; and terrestrial and aeronautical antenna systems. LXE segment produces mobile computers and wireless local area network products for logistics and enterprise applications. It also provides terminal emulation software and communications gateways; barcode scanners, battery chargers, portable printers, and repair and maintenance services; and wireless network equipment. In addition, LXE offers wireless network management tools, wireless security tools, facility analysis, installation, and support. EMSW segment provides base-station antennas and repeaters for personal communications systems, in-building products, and conventional antennas. SATCOM segment offers earth-based and aeronautical antennas, terminals, and other hardware for communications via satellite link. It also provides a high-speed data product and variants to provide both voice and data connections; land portable satellite data terminal products, which allow access to corporate networks and the Internet; a packet-data terminal to provide two-way data communications for messaging, tracking, and monitoring in the transportation, public safety, and remote industrial controls markets; and a maritime terminal for digital communications at sea. The SatNet segment offers ground segment equipment, which include DVB-RCS terminals and DVB-RCS hubs for the satellite broadband communications market. EMST was founded in 1968 and is headquartered in Atlanta, Georgia.


ULTICOM INC (ULCM)

Ulticom, Inc. provides service enabling signaling software for fixed, mobile, and Internet communications. Its Signalware products are used by equipment manufacturers, application developers, and communication service providers to deploy infrastructure and services within the mobility, messaging, payment, and location markets. These products are embedded in a range of packet softswitching products to interoperate or converge voice and data networks, and facilitate services, such as voice over IP, hosted IP telephony, and virtual private networks. The Signalware products are also deployed in fixed networks as part of voice messaging, calling name, 800 number, and calling card services. It enables mobile infrastructure applications, such as global roaming and emergency-911; and enhanced services, such as text messaging and prepaid calling. In addition, Ulticom provides customer support, training services, and professional services. It markets products and services primarily through a direct sales organization and through distributors in the United States, Europe, and Asia. Ulticom was founded as Dale, Gesek, McWilliams & Sheridan, Inc. in 1974 and changed its name to DGM&S Telecom, Inc. Further, DGM&S changed its name to Ulticom, Inc. in 1999. The company is headquartered in Mount Laurel, New Jersey. Ulticom, Inc. is a subsidiary of Comverse Technology, Inc.


ECTEL LTD (ECTX)

ECtel, Ltd. engages in the development and marketing of fraud prevention and revenue assurance solutions for circuit-switched and packet-switched wireline and wireless networks. The company offers revenue assurance, fraud prevention, and revenue assistance solutions, which consist of proprietary software and hardware components, as well as off-the-shelf hardware and software components. Its solutions equip telecommunications service providers with data gathering and analysis capabilities by detecting and preventing fraud; supporting revenue assurance, including call leakage detection; enabling to settle interconnect disputes between operators; monitoring network usage, and providing traffic trend reports. ECtel sells its products through its direct sales force and marketing staff, as well as through representatives, distributors, and sales consultants in Israel, the Americas, Europe, Asia Pacific, and other countries. The company, formerly known as ECI Telesystems, Ltd., was established in 1990 and is headquartered in Rosh Ha'ayin, Israel.


ENDWAVE CORPORATION (ENWV)

Endwave Corporation engages in the design, manufacture, and marketing of radio frequency (RF) subsystems. These RF subsystems enable the transmission, reception, and processing of high speed electromagnetic signals in broadband wireless telecommunications systems, cellular telephone infrastructure networks, defense electronics systems, homeland security, and other similar systems requiring RF, microwave, and millimeter wave technology. Its products include RF modules, such as power amplifiers, low noise amplifiers, up and down converters, frequency multipliers, oscillators, synthesizers, integrated transceivers, and power amplifier switch combiners used in cellular base stations. It also offers build-to-print manufacturing services for customer designed products, such as multifunction modules, transceivers, and other key components of outdoor units. The company sells its products primarily to wireless systems integrators, defense contractors, sub-contractors, test equipment/instrumentation providers, and original equipment manufacturers. Endwave was incorporated in 1991. The company was formerly known as Endgate Corporation and changed its name to Endwave Corporation in 2000 following its merger with TRW Milliwave, Inc. Endwave is headquartered in Sunnyvale, California.


HELLENIC TELECOMMUNICATION ORGANIZATION S.A (OTE)

Hellenic Telecommunications Organization S.A. provides fixed line voice telephony services. It offers local, long-distance, and international fixed line telecommunications services to businesses, consumers, and government agencies. The company also provides a range of other telecommunications services, including mobile telephony, Internet access, integrated service digital network, high-speed data telecommunications, ADSL-based broadband services, sales of equipment and asynchronous transfer mode, as well as leased lines, maritime and satellite telecommunications, telex and telegraphy, audiotex, telecards, and directory services. In addition, Hellenic Telecommunications offers value added services, such as voicemail, call waiting, caller line identification-presentation, call barring, call forwarding, three-party conference, and other services for its fixed line telephony network. It provides fixed line telecommunications services in Greece, Romania, Serbia, and Armenia, as well as mobile telephony services in Armenia, Albania, Bulgaria, and Romania. The company was founded in 1949 and is headquartered in Athens, Greece.


LAZARD WORLD DIVIDEND & INCOME FUND INC (LOR)



TELECOMUNICACOES DE SAO PAULO S.A (TSP)

Telecomunicacoes de Sao Paulo S.A. provides fixed-line telecommunications services in the state of Sao Paulo, Brazil. Its various service offerings include local services, including installation, monthly subscription, measured service, and public telephones; intraregional, interregional, and international long-distance services; and network services, including interconnection and the leasing of facilities, and other services, such as interactive banking services, electronic mail, and other similar services. As of December 31, 2004, the company's regional telephone network included approximately 14.2 million installed lines, including public telephone lines. It sells fixed telephone service to both corporate and residential customers through personal sales, telesales, virtual stores, and indirect channels, such as third party sales. Telecomunicacoes, through its wholly owned subsidiary, Assist Telefonica S.A., sells handsets and other telephone equipment. The company, formerly known as Telesp Participacoes S.A., is headquartered in Sao Paulo, Brazil. Telecomunicacoes de Sao Paulo S.A is a subsidiary of Telefonica International S.A.


SCOLR INC (DDD)

SCOLR Pharma, Inc., a drug delivery company, engages in the development and formulation of over-the-counter products, prescription drugs, and nutraceutical products that use its patented controlled delivery technology (CDT). It uses CDT platform to develop products and license technology to pharmaceutical and nutritional product companies. The company's products include Ibuprofen, for analgesic; Pseudoephedrine, a drug for decongestion; Raloxifene, for osteoporosis; Niacin, for cardiac; and Tramadol, an analgesic drug. SCOLR has strategic alliance with Archer-Daniels-Midland Company for the development of certain CDT-based dietary supplement and nutraceutical products. The company was incorporated in 1994 under the name Caddy Systems, Inc. and changed its name to Nutraceutix, Inc. in 1995. Further, it changed name to SCOLR, Inc. in 2002 and to SCOLR Pharma, Inc. in 2004. SCOLR is headquartered in Bellevue, Washington.


AMERICAN ACCESS TECHNOLOGIES INC (AATK)

American Access Technologies, Inc. engages in the development and manufacture of zone cabling and wireless enclosures that mount in ceilings, walls, raised floors, and furniture, to facilitate the routing of telecommunications network cabling, fiber optics, and wireless solutions to the workspace environment. The company, through its wholly owned subsidiary, Omega Metals, Inc. (Omega), manufactures zone cabling and wireless products, as well as the eclipse ultraviolet light air cleansing system. It offers a range of manufacturing services, including precision stamping, bending, assembling, painting, powder coating, and silk screening. Omega employs metal fabrication and finishing techniques for public and private companies and for U.S. government contractors. The company markets its products and services through original equipment manufacturers, distributors, and contractors in the United States. It has a strategic alliance with Chatsworth Products, Inc. The company was founded in 1996 and is based in Keystone Heights, Florida.


RURAL CELLULAR CORPORATION (RCCC)

Rural Cellular Corporation(RCC) provides wireless communication services primarily in the rural midwestern, northeastern, southern, and northwestern regions of the United States. The company offers cellular, paging, long distance, and personal communication services. RCC also provides caller ID, short message service, numeric paging, visual message notification, group ring, voicemail, regional personal toll-free number, nationwide calling option, and voice activated dialing. In addition, it offers its customers regional calling plans and roaming packages. RCC also sells handsets and related accessories. As of March 30, 2005, the company provided wireless voice services to approximately 750,000 customers. It markets its wireless products and services through direct sales distribution channels, which include company-owned retail stores and account executives indirect sales distribution channels, including independent sales agents. As of December 31, 2004, RCC operated 86 stores and 13 stand-alone kiosks. The company was founded by Richard Ekstrand in 1990. RCC is headquartered in Alexandria, Minnesota.


PHAZAR CORP (ANTP)

PHAZAR CORP, through its wholly owned subsidiaries, engages in the design, manufacture, and marketing of antenna systems, towers, and communication accessories worldwide. It offers ground to air collinear antennas, instrument landing antennas and towers, fixed system multiport antenna arrays, tactical quick erect antennas and masts, shipboard antenna tilting devices, transport pallets, surveillance antennas, antenna rotators, positioners and controls, and broadcast baluns. The company also provides a line of commercial wireless fixed and mobile antennas for instrument scientific medical, wireless Internet, wireless LAN, wireless local loop, fixed GPS, fixed wireless, and embedded Bluetooth market applications. PHAZAR's customers primarily include the United States government, military and civil agencies, and prime contractors. The company was founded in 1972 and is based in Mineral Wells, Texas.


FIBERNET TELECOM GROUP INC (FTGX)

FiberNet Telecom Group, Inc., through its subsidiaries, provides communications services in the United States. It offers wholesale broadband connectivity on its fiber optic networks to other telecommunications service providers for data, voice, and video transmission primarily in New York and Los Angeles metropolitan areas. The company provides optical and electrical broadband circuits within and between carrier hotels where service providers exchange and route communications traffic. Its transport services include carrier-to-carrier, carrier-to-customer, Meet-Me-Room cross connections, and network solutions. The company also offers colocation services to its customers to house their communication equipment. Its networks support multiple transmission protocols, including synchronous optical network, synchronous digital hierarchy, Ethernet, frame relay, asynchronous transfer mode, and Internet protocol. The networks also deliver optical wavelengths and broadband connections with bandwidth ranging from 1.5 megabits per second to 10.0 gigabits per second. In addition, the company offers communications access management services to market and provide customer's retail services to tenants in company's on-net and off-net buildings. Its customers include local exchange carriers, regional Bell operating companies, competitive local exchange carriers, inter-exchange carriers, Internet service providers, application service providers, post telephone and telegraph administrators, and integrated communications providers. FiberNet Telecom is based in New York City.


SUREWEST COMMUNICATIONS (SURW)

SureWest Communications serves as a communications holding company. Its wholly owned subsidiaries operate in the Telecommunications, Broadband, and Wireless segments. The Telecommunications segment provides landline telecommunications services, directory advertising, digital subscriber line service, long distance services, and certain nonregulated services. Subsidiaries in this segment include SureWest Telephone, which provides local and toll telephone services, network access services, and certain nonregulated services; SureWest Directories, which publishes and distributes SureWest Telephone''s directory, including the sale of yellow pages advertising, and, which is also engaged in the business of producing, publishing, and distributing directories in other northern California communities outside of SureWest Telephone''s service area; and SureWest Long Distance, a reseller of long distance services, including calling cards and 800 services. The Broadband segment includes the company''s subsidiaries, SureWest Broadband, SureWest Internet, SureWest Custom Data Services, and SureWest Broadband/ Residential Services. This segment provides various services, including high-speed and dial-up Internet; digital video; local, network access, and toll telephone; and managed services in the greater Sacramento area, principally to customers residing outside of SureWest Telephone''s service area. It also offers video programming services to its customers. The Wireless segment consists of the company''s subsidiary, SureWest Wireless, which provides wireless services, including long distance calls, roaming service, custom calling, and other features. It also sells handsets and related communications equipment. The company was incorporated in 1914 and is headquartered in Roseville, California.


PECO II INC (PIII)

PECO II, Inc. engages in the design, manufacture, and marketing of communications power systems and equipment for the communications industry in North America. The company operates two segments, Product and Service. The Product segment manufactures power plants, rectifiers, and power distribution equipment. Its products include power systems, power measurement equipment, converter plants, inverters, and monitoring equipment. The Service segment consists primarily of telecommunications contract, engineering, and installation services. Its services and programs include preventative maintenance programs, power evaluation programs, power thermal tests, remote site enclosure maintenance, generator set maintenance and support, refurbish and upgrade programs, inventory and site record programs, project management, and program management. The company sells its products through direct sales persons, value added resellers, and distributors. It serves regional bell operating companies, independent telephone operators, interexchange carriers, competitive access providers, original equipment manufacturers, wireless providers, cable TV companies, and government. PECO II was founded in 1988 by James L. Green and is headquartered in Galion, Ohio.


ROSTELECOM (ROS)

Rostelecom provides international and domestic long-distance telecommunications services through its ground and submarine cables, microwave lines, and satellites. The company, through its subsidiary, Westelcom, provides communications channel and telecommunications equipment lease services and processes incoming traffic information via international telephone exchanges. It provides international and domestic long-distance traffic throughput services to Russian operators, including inter-regional companies and alternative operators, mobile operators, various government-funded entities and government ministries, and end users across Russia. Rostelecom also offers ground-based network for television and radio broadcasting channels. In addition, the company provides multimedia communications services; offers digital channels for lease; and distributes television and radio programs among broadcasters through its network in Russia. As of December 31, 2004, it operated nine branches and provided international roaming for the national and regional mobile communications operators, connecting them with 380 international mobile operators in 170 countries. Rostelecom was organized in 1993 and is headquartered in Moscow, Russia. Rostelecom is the subsidiary of OAO Svyazinvest.


ASIA SATELLITE TELECOMMUNICATIONS HOLDINGS LIMITED (SAT)

Asia Satellite Telecommunications Holdings Limited (AST), through its wholly owned subsidiary, Asia Satellite Telecommunications Company Limited, provides satellite transponder capacity in Asia. The company provides transponder capacity primarily to the television broadcasting, telecommunications (including private communication networks), and Internet and multimedia markets in various countries and regions, including the United Kingdom, the United States, Australia, British West Indies, China, Germany, Hong Kong, Korea, Kuwait, Pakistan, Singapore, Taiwan, the United Arab Emirates, and Vietnam. As of May 31, 2005, AST operated three satellites: AsiaSat 2, AsiaSat 3S, and AsiaSat 4. The company also provides a digital broadcast platform on AsiaSat 2 that offers one stop shop services, including satellite capacity, signal turnaround facilities, and analog/digital conversion to broadcast customers from Europe and the Middle East for their services to Asia and Australia. Its services are used in various industries, including banking and finance, paging, petroleum exploration, print media, and transportation, as well as in public services, such as water supply, railway, meteorology, environmental protection for basic voice, fax, and data communications or for video conferencing delivery. AST was formed in 1988 and is based in Hong Kong.


VYYO INC (VYYO)

Vyyo, Inc. supplies wireless broadband end-to-end solutions used by telecommunications providers to deliver wireless telephony and data connections to business and residential subscribers in North America and southeast Asia. Its systems are deployed in point-to-multipoint applications at the radio frequencies designated for two-way broadband communication, comprising wireless hub to transmit and receive network traffic to and from multiple subscriber modems. The company's wireless hub manages data communications between wireless modems located at subscribers' locations and network devices located at a central office or base station. Its network management system enables network operators to configure, maintain, and troubleshoot hubs and modems from a central workstation. The company offers various kinds of wireless modems that are designed for residential, home office, or small office deployment. It sells its products to service providers and system integrators. The company was incorporated in 1996 and is headquartered in Palo Alto, California.


SUNAIR SERVICES CORPORATION (SNR)

Sunair Services Corporation and its subsidiaries engage in designing, manufacturing, and selling high frequency single sideband communication systems primarily in the United States. The company operates through three segments: Lawn and Pest Control Services, High Frequency Radio, and Telephone Communications. The Lawn and Pest Control Services segment provides lawn care and pest control services to both residential and commercial customers. The High Frequency Radio segment provides high frequency single sideband communications equipment. This segment engages in the development and design of software, integration testing and documentation of communications, command, control, computers, intelligence, surveillance and reconnaissance, or C4ISR, and systems utilized for long range voice and data communications in fixed station, mobile and marine for military and governmental applications. The Telephone Communications segment installs and maintains telephony and fixed wireless systems. The company markets its products through a network of dealers and representatives, systems engineering companies, and commercial and foreign governmental agencies. It was formerly known as Sunair Electronics, Inc. and changed its name to Sunair Services Corporation in 2005. Sunair Services was founded in 1956 and is based in Fort Lauderdale, Florida.


APPLIED SIGNAL TECHNOLOGY INC (APSG)

Applied Signal Technology, Inc. engages in the design, development, manufacture, and marketing of advanced digital signal processing equipment to collect and process a range of telecommunications signals for signal reconnaissance applications. The company offers a range of signal intelligence (SIGINT) products, including voice grade channel processors that are designed to process voice grade channels (VGC), which carry audio and other signals; wideband processors that clean' telecommunication signals for further processing by VGC processors by adjusting for signal distortions that commonly occur during transmission; signal collection products, which include a small receiver that collects complex signaling formats, and a receiver that optimizes multiple antenna inputs to overcome co-channel interference and certain forms of multipath interference; and software solutions that are based upon the use of commercial off-the-shelf hardware processors. The company also provides engineering services for its operational SIGINT systems. Its primary customer is the United States Government, which consists of military and intelligence agencies that have signal reconnaissance needs. Applied Signal Technology was incorporated in 1984 and is headquartered in Sunnyvale, California.


TOLLGRADE COMMUNICATIONS INC (TLGD)

Tollgrade Communications, Inc. engages in designing, engineering, marketing, and supporting test system, test access, and status monitoring products, and test software for the telecommunications and cable television industries primarily in the United States. Its proprietary telecommunications test and measurement products enable telephone companies to use their existing line test systems to remotely diagnose problems in telephone service lines, and qualify and troubleshoot broadband digital subscriber lines. Tollgrade's telecommunications test products include Metallic Channel Unit, which enables customers to extend line testing capabilities from the copper to the fiber optic portions of the local loop; and DigiTest and LoopCare, which electronically measure the characteristics of a telephone copper circuit, analyze the data, and report the fault condition. It also provide products to cable companies that monitor and test the status of physical network elements, such as power supplies and fiber nodes; and measure the performance of services, including voice, video, and data within the outside plant. Tollgrade's cable products include the Cheetah' performance and status monitoring products, which gather status information and reports on components within the Broadband Hybrid Fiber Coax distribution system. Its cable products also include head-end controllers, return path switch hardware, transponders, and other equipment which gather status and performance reports from power supplies, line amplifiers, and fiber optic nodes. The company's cable products are sold to cable operators and cable equipment manufacturers. The company also provides software maintenance, as well as professional services, which are designed to assist its customers in the operation of various components of their voice test systems. Tollgrade Communications was organized in 1986 and is headquartered in Cheswick, Pennsylvania.


POKERTEK INC (PTEK)

PokerTek, Inc. engages in the development and marketing of PokerPro, an automated poker table and a suite of software applications. Its PokerPro system provides an automated poker-room environment to tribal casinos, commercial casinos, cruise ships, and card clubs. The company serves customers in approximately 30 sites in the United States, cruise ships, United Kingdom, Australia, and South Africa. PokerTek was founded in 2003 and is headquartered in Matthews, North Carolina.


CITY TELECOM (H.K.) LIMITED (CTEL)

City Telecom (H.K.) Limited and its subsidiaries provide fixed telecommunications network and international telecommunications services in Hong Kong and Canada. The company's fixed telecommunications network services include Internet access, including broadband Internet access to residential and corporate customers, 56k dial-up Internet access, and corporate Internet access via Megalink/Mega-access; local voice Internet protocol services (VOIP); and IP-TV services. Its international telecommunications services include IDD 1666, IDD 0030, and mobile call forwarding. The company owns three international telecommunications switching systems in Hong Kong and two in Canada. It had approximately 490,000 fixed telecommunications network services subscriptions, consisting of approximately 201,000 broadband Internet access, 253,000 local VOIP, and 36,000 IP-TV services subscriptions, as of December 15, 2004. City Telecom was established in 1992 and is based in Hong Kong.


OPTIBASE LTD (OBAS)

Optibase, Ltd. provides equipment for a range of professional video applications in the broadband Internet protocol television (IPTV), broadcast, government, enterprise, and postproduction markets. It manufactures three product lines: Video Technologies, IPTV, and Digital NonLinear Editing. Video Technologies products include platforms that can be inserted into a host computer for encoding video into compressed digital formats and decoding compressed digital formats into playable video, and consist of encoders, decoders, and digital video broadcast interface platforms. In addition, the company offers content creation software applications, video streaming applications, and media gateways. IPTV products include carrier grade streaming media gateway products and suite of management solutions for controlling and monitoring the media gateway products. Digital NonLinear Editing products include professional video editing systems used to create video programming for broadcast, educational, and corporate uses. Optibase markets its products in the Americas, Europe, and Asia Pacific directly and through independent distributors, system integrators, and resellers. The company was founded in 1990 under the name of Optibase Advanced Systems (1990), Ltd and changed its name to Opitbase, Ltd. in 1993. Optibase is headquartered in Herzliya Pituach, Israel.


RF MONOLITHICS INC (RFMI)

RF Monolithics, Inc. engages in the design, development, manufacture, and marketing of wireless solutions. The company provides radio frequency components, including low-power components and communications products. The low-power components include resonators and coupled-resonator filters; and short-range radio and radio frequency integrated circuit products, such as transmitter, receiver, and transceiver modules. The communications products include filters, frequency clock modules, oscillators, and optical timing products. In addition, it produces wireless system module products that comprise standard and custom modules that blend a radio with a microprocessor and link protocol. RF Monolithics' products are based on surface acoustic wave technology. The company offers its products to distributors, electronic manufacturing service companies, and original equipment manufacturers in the automotive, consumer, industrial, medical, and telecommunications markets worldwide. RF Monolithics was founded in 1979 and is headquartered in Dallas, Texas.


NUMEREX CORP (NMRX)

Numerex Corp. engages in the development and marketing of a range of communications products and services, primarily wireless data communications. It operates in three segments: Wireless Data Communications (WDC), Digital Multimedia and Networking (DMN), and Wireline. The WDC segment provides wireless machine-to-machine (M2M) communications products and services, which include CellemetryXG, Uplink, MobileGuardian, and VendView. CellemetryXG provides network product strategy and an array of solution components that support the M2M value chain. These components primarily include Cellemetry, a wireless data network dedicated to M2M communications; and CellemetryXG Network Services primarily consisting of customized billing, GPS mapping for mobile applications, back-end message delivery management, and interactive voice and Web services. Uplink is a wireless communications solution for security monitoring that reports various alarms, status, and messages generated by security systems. MobileGuardian is a Web-based vehicle location and recovery solution that combines global positioning system and CellemetryXG wireless communications technology. VendView is a wireless vending machine monitoring solution that combines wireless network access modules, monitoring devices, and the CellemetryXG wireless data network. The DMN segment offers networking products and services, and video conferencing products that consist of PowerPlay, an integrated hardware-software system, which supports the control of various network devices, including VCRs, cameras, and switches; and IPContact, a desktop videoconferencing software package. The Wireline segment provides wireline security detection products and services that comprise Digilog and DCX. The company sells its products primarily through distributors, system integrators, and value-added resellers in the United States, Canada, Mexico, the Caribbean, and Latin America. Numerex was formed in 1988 and is headquartered in Atlanta, Georgia.


ACE*COMM CORPORATION (ACEC)

ACE*COMM Corporation provides an interoperable suite of telecommunications network business integration products and services that enable telecommunications carriers and enterprises exercise control over the operations of their networks. These products and services include the analytical tools required for customers to extract information from operating networks. It offers operations support systems (OSS), service delivery, and network business intelligence (NBI) solutions for asset and network revenue assurance, wireless network access control, fixed/mobile convergence, convergent mediation, rating, provisioning, wireless billing, and electronic bill presentment and payment. The company's OSS solutions include convergent and flexible mediation, rating, provisioning, telemanagement, and switch adjunct solutions for Tier 1 operators, service providers, and private networks. It offers subscriber services and control capabilities for voice-over-Internet protocol (IP), 3G, and IP data transmission through convergent mediation service delivery platform that enables the delivery of various value added services. The company's NBI products enable telecom carriers and service providers to benchmark their data management processes and systems, and include network collector, scheduler, tracker, discrepancy inspector, and market maker. ACE*COMM markets and sells its products through its direct sales force in North America, Latin America, Europe, Middle East, Africa, and Asia Pacific. The company has strategic alliances with telecommunication and Internet equipment manufacturers, computer equipment manufacturers, telecom systems integrators, and other organizations. ACE*COMM was incorporated in 1983 and is headquartered in Gaithersburg, Maryland.


OPTICAL CABLE CORPORATION (OCCF)

Optical Cable Corporation engages in the design, manufacture, and production of tight buffered fiber optic cables for high bandwidth transmission of data, video, and audio communications. The company offers A-Series assembly fiber optic cables and B-Series fiber optic cables for shorter distance installations. Its D-Series fiber optic cables are used in longer distance applications. D-Series fiber optic cables are used for trunking, local area network, and distribution applications. The company's G-Series fiber optic cables are used, where groups of optical fibers are routed to different locations. Optical Cable sells its products primarily to distributors, original equipment manufacturers, system integrators, electrical contractors, value added resellers, government agencies, military, educational institutions, and end users worldwide. The company was incorporated in 1983 and is based in Roanoke, Virginia.


MATAV (MTA)

Magyar Telekom Rt. provides telecom services in Hungary. Its fixed line telecommunications services consist of local, long distance, and international telephony, as well as other telecommunications services, including data transmission, cable television, and Internet services. The company also provides leased lines, data transmission services, and corporate network services; sells telecommunications equipment; and offers network construction and maintenance services. Magyar, through its subsidiary, T-Mobile Hungary, provides mobile telecommunications services in Hungary. The company, through a majority stake in Telekom Montenegro, provides fixed, mobile, and Internet services in Montenegro. The company was incorporated in 1991. It was formerly known as Magyar Telekom Telecommunications Co., Ltd. and changed its name to Magyar Telekom Rt. in May 2005. Magyar Telekom is headquartered in Budapest, Hungary. Magyar Telekom Rt. is majority owned by MagyarCom Holding GmbH, as of March 31, 2005.


HICKORY TECH CORPORATION (HTCO)

Hickory Tech Corporation operates as a diversified communications company in the United States. It operates in three segments: Telecom, Information Solutions, and Enterprise Solutions. The Telecom segment provides local exchange wireline telephone service, long distance, and dial-up and broadband Internet access, as well as owns and operates fiber optic cable facilities. This segment also connects communication networks of interexchange and wireless carriers with the equipment and facilities of end users. The Information Solutions segment provides data processing and related services for local exchange telephone companies, interexchange network carriers, and wireless companies. It offers various services, including the processing of long distance telephone calls from data sources and telephone switches, the preparation of the subscriber telephone bills, customer record keeping, and carrier access bills for telephone company customers. The Enterprise Solutions segment sells and services telephone, data, and voice over Internet protocol business systems equipment to companies based in metropolitan Minneapolis/St. Paul, Minnesota. Hickory Tech is headquartered in Mankato, Minnesota.


TELEFONICA DE ARGENTINA SA (TAR)

Telefonica Of Argentina, Inc. provides a range of telecommunications services in Argentina. The company offers domestic and international long distance telecommunication services, international data transmission services, public telephone services, data transmission and Internet services. It also provides various special services, such as calling cards, toll-free calling, voice messaging, collect calling, and prepaid cards, as well as publishes telephone directories. As of December 31, 2004, Telefonica Of Argentina's telephone system included approximately 4.3 million lines in service. It also sells telephone booth terminals, cellular handsets, batteries, computers, and related equipment. The company was organized in April 1990 as Sociedad Licenciataria Sur S.A. and changed its name to Telefonica of Argentina, Inc. in December 1990. The company is headquartered in Buenos Aires, Argentina. Telefonica of Argentina, Inc. is a subsidiary of Telefonica S.A.


LCC INTERNATIONAL INC (LCCI)

LCC International, Inc. offers integrated end-to-end solutions in North and South America, Europe, The Middle East, Africa and Asia. It provides voice and data design, deployment, and management services to the wireless telecommunications industry. The company's wireless network services include technical consulting; design services, such as radio frequency engineering and fixed network engineering services; deployment services to manage site acquisition, radio frequency engineering, fixed network engineering, and construction management services; and ongoing operations and maintenance services to wireless service providers with ongoing outsourcing needs. It offers its services to wireless service providers, telecommunications equipment vendors, satellite service providers, systems integrators, and tower companies. The company was formed in 1983 and is headquartered in Los Angeles, California.


FIRST TRUST/FOUR CORNERS SENIOR FLOATING RATE INCOME FUND (FCM)

First Trust/Four Corners Senior Floating Rate Income Fund operates as a diversified, closed-end management investment company. The fund invests in senior secured floating rate corporate loans. Its portfolio includes investments in energy, materials, capital goods, commercial services and supplies, transportation, automobiles and components, consumer durables and apparel, hotels restaurants and leisure, media, retailing, health care equipment and services, pharmaceuticals and biotechnology, banks, diversified financials, insurance real estate, software and services, telecommunication services, and utility sectors. First Trust Advisors L.P. serves as an investment advisor of the fund. First Trust/Four Corners Senior Floating Rate Income Fund was organized in 2003 and is based in Lisle, Illinois.


CENTRUE FINANCIAL CORPORATION (TRUE)

Centrue Financial Corporation operates as the holding company for Centrue Bank that offers various financial products and services to retail customers and small businesses in the central and southern Illinois; western Indiana; and the metropolitan St. Louis, Missouri markets. The bank engages in generating deposits and originating loans. Its deposit products include savings, demand, and negotiable order of withdrawal deposits, as well as certificates of deposit. The bank's loan portfolio comprises commercial business, commercial real estate, and mortgage loans, as well as consumer, multifamily, and construction loans. It also offers debit card services, online banking, and bill payment services; and provides securities brokerage services, and insurance and annuity products. The bank primarily invests in the obligations of the U.S. government agencies and municipalities, as well as in mortgage backed securities. As of June 30, 2005, it operated 20 branches in central and southern Illinois, western Indiana, and the metropolitan St. Louis, Missouri. The company was formed in 1992 and is headquartered in Kankakee, Illinois.


NORTEL INVERSORA SA ADR (NTL)

Nortel Inversora S.A., through its subsidiary, Telecom Argentina S.A., provides fixed-line public telecommunications services and basic telephone services in Argentina. It also offers other telephone-related services, such as international long-distance service, and data transmission and Internet service, as well as wireless telecommunications services, telephone directory publishing, and data transmission services in Argentina and Paraguay. The company is based in Buenos Aires, Argentina. Nortel Inversora S.A. is a subsidiary of Sofora Telecommunicaciones S.A.


RIT TECHNOLOGIES LTD (RITT)

RiT Technologies, Ltd. provides physical network infrastructure control and management solutions. It enables organizations and carriers to manage physical layer components and networked assets for centralized and remote operational control. The company primarily offers PatchView intelligent physical layer management solution (IPLMS) that provides connectivity information with respect to the data network's connectivity infrastructure and enhances the control, maintainability, and visibility of the network. RiT Technologies also provides SMART Cabling System, a network infrastructure solution that provides the required end to end connectivity solutions for both copper and fiber; and CLASSix, which supports data communication protocols, such as Gigabit Ethernet. In addition, it offers carrier solutions, including PairView, an outside plant management and qualification system that identifies, records, and tests of the connectivity routing of local loop pairs; PairQ, which addresses the requirements of the market of digital subscriber line services; and PairView Pro, a local loop mass verification system that can identify and map various digital services carried on a line. The company markets its solutions primarily through local agents, distributors, value added resellers, systems integrators, and installers for financial companies, government, and media and telecommunication companies worldwide. It has strategic alliances with Panduit Corporation, Brand-Rex Limited, Belden/CDT, and ADC. The company was co-founded by Yehuda Zisapel and Zohar Zisapel in 1989 and is headquartered in Tel Aviv, Israel.


PERUSAHAAN SATLT CP (IIT)

PT Indosat Tbk operates as an integrated telecommunications network and service provider in Indonesia. Its principal products and services include global system for mobile communications (GSM) technology-based cellular services; international long distance and fixed wireless services; and broadband and narrowband musical instrument digital interface (MIDI) services. The company's MIDI services include point-to-point international and domestic digital leased line, packet-switching, frame relay, very small aperture terminal, leased circuits, Internet, and satellite transponder leasing and broadcasting services. In addition, PT Indosat offers a range of additional value-added services, including short messaging, mobile data and facsimile services, voicemail, caller identification, call holding, call waiting, call forwarding, detailed billing, direct debit payment, international roaming, multimedia message, and general packet radio services. As of December 31 2004, the company had approximately 9.8 million cellular subscribers throughout Indonesia. PT Indosat, formerly known as PT Indonesian Satellite Corporation Tbk, was established in 1967 and is headquartered in Jakarta, Indonesia.


ALTIGEN COMMUNICATIONS INC (ATGN)

AltiGen Communications, Inc. engages in the design, manufacture, and marketing of Internet protocol telephony systems for small-to-medium sized businesses. It primarily offers Internet protocol phone systems and contact centers that use IP networks, the Internet, and the public telephone network to enable an array of applications that take benefit of the convergence of voice and data communications. The company provides AltiServ family of Internet protocol business telephone systems, contact center solutions, and multitenant phone systems, as well as phone sets for these systems. AltiGen Communications sells products primarily through distributors and resellers to small-to-medium sized businesses, multisite businesses, corporate branch offices, call centers, credit unions, and community banks in the United States, Europe, and Asia Pacific. The company was founded by Gilbert Hu in 1994 and is headquartered in Fremont, California.


HUNGARIAN TELEPHONE & CABLE CORP (HTC)

Hungarian Telephone and Cable Corp., together with its subsidiaries, provides various telecommunication services in the Republic of Hungary. The company provides local wireline telephone services and long distance services. It also offers broadband and dial-up Internet services. As of December 31, 2004, the company served 279,600 residences and 38,500 businesses in Bekes, Nograd, and Papa/Sarvar in Hungary. In addition, it offers fixed line voice, data, and Internet services to businesses. The company served approximately 1,200 customers principally in Hungary, as well as in central and eastern Europe, as of the above date. The company was formed in 1992 and is based in Seattle, Washington.


CHANNELL COMMERCIAL CORPORATION (CHNL)

Channell Commercial Corporation engages in the design and manufacture of telecommunications equipment to the broadband and telephone network providers worldwide. Its product offerings include thermoplastic and metal fabricated enclosures, advanced copper termination and connectorization products, fiber optic cable management systems, and heat shrink products. The company manufactures precision-molded, engineered, and application-specific thermoplastic and metal fabricated enclosures for the communications industry. It also offers various complementary products, including thermoplastic and composite grade level boxes for subsurface network applications. Channell Commercial also offers telephone connectivity devices, which provides tool-less termination systems for copper wires. The company's fiber optic cable management products include fiber optic splice cases that are used for organizing, managing, and protecting the connection points between separate lengths of fiber optic cable in the outside plant network. Its enclosure products protect and provide access to advanced telecommunications hardware, including both radio frequency electronics and photonics, and transmission media, including coaxial cable, copper wire, and optical fibers, used in the delivery of voice, video, and data services. The company offers its products to the original equipment manufacturers as components to their telecommunication systems. Channell Commercial also offers polyethylene water tanks for the storage of potable and nonpotable water rural and residential markets in Australia. Its primary product line of rotational molded tanks is used in the agricultural sector where water shortages require storage of rain and ground water. It sells its water storage products directly to end users, as well as to retailers, wholesalers, distributors, and agents. Channell Commercial was founded in 1922 and is headquartered in Temecula, California.


TELECOM BRASIL SA TE (TBH)

Brazilian Telecommunications Corporation--Telebras does not have any significant operations. Previously, the company, through its 54 subsidiaries (27 fixed telephone operators, 26 cellular operators, and 1 long distance carrier), was engaged in the supply of public telecommunications services in Brazil. The company is headquartered in Brasilia, Brazil.


XETA TECHNOLOGIES INC (XETA)

XETA Technologies, Inc. provides communications solutions for voice and data applications, such as voice over Internet protocol (IP), wireless, contact centers, and messaging. It provides these solutions to multilocation mid-size and large companies throughout the United States. The company sells a range of communications systems and applications for the general commercial market, including government agencies. These products include IP systems that converge voice and data over a single network, wireless systems, traditional communications systems, call center systems, and messaging systems. The company sells communications systems to the hospitality industry through nationwide dealer agreements with Avaya, Inc.; Nortel Networks; and Hitachi. In addition, XETA Technologies markets a line of proprietary call accounting systems. Further, it provides customer service, project management, professional services, installation, and consulting to its customers. XETA Technologies was formed in 1981 and is headquartered in Broken Arrow, Oklahoma.


D&E COMMUNICATIONS INC (DECC)

D&E Communications, Inc., a rural local telephone company, provides integrated communications services to residential and business customers throughout the eastern half of Pennsylvania. Its segments include incumbent Rural Local Exchange Carrier (RLEC), Competitive Local Exchange Carrier (CLEC), Internet Services, and Systems Integration. RLEC segment offers local telephone, network access, long distance, data, and telephone services in parts of Berks, Lancaster, Union, and smaller portions of five other adjacent counties in Pennsylvania. Its telephone services include call waiting, call transferring and call forwarding, automatic callback, video conferencing, call trace, call-blocking, conference calling, voice mail, teleconferencing, direct inward dial, caller name and number identification, distinctive ringing, and simultaneous ringing. CLEC segment provides telecommunication services, such as high-speed data services, local calling, customized extended local calling, long distance, and telephone services in Lancaster, Harrisburg, Reading, Altoona, Pottstown, State College, and Williamsport. It also offers cable television services to business and multidwelling unit residential customers. Internet Service segment offerings include Internet access and Web hosting services. Systems Integration segment designs, implements, and maintains local and wide area networks, and telecommunications systems. Its offerings include voice over the Internet protocol systems and services, wireless networking solutions, managed services and managed security services, professional information technology services, and custom programming. As of December 31, 2004, D&E Communications served 142,118 RLEC access lines, 35,216 CLEC access lines, 12,790 dial-up Internet access subscribers, 8,037 digital subscriber lines, and 849 Web hosting customers. The company was founded in 1911 and is headquartered in Ephrata, Pennsylvania.


AMERICA MOVIL S.A. DE C.V (AMOV)

No description available.


WEGENER CORPORATION (WGNR)

Wegener Corporation, through its wholly owned subsidiary, Wegener Communications, Inc., engages in the design, manufacture, and distribution of satellite communications electronics equipment in the United States and internationally. It provides digital solutions for video, audio, and Internet Protocol (IP) data networks. The company's products include iPump Media Servers; MediaPlan Content Management and Ingest; Compel Network Control System; UNITY Satellite Receivers; DTV Digital Stream Processors; analog audio products; and third-party uplink products, such as encoders. Its products applications include IP data delivery, broadcast television, cable television, radio networks, business television, distance education, business music, and financial information distribution. The company serves the business and private networks, cable and broadcast television, and broadcast radio markets. It sells its products primarily through sales representatives, and independent distributors and integrators. Wegener was formed in 1977 and is based in Duluth, Georgia.


OPTELECOM-NKF INC (OPTC)

Optelecom-NKF, Inc. provides integrated multimedia products for communicating video, audio, and other data through both copper wire and optical network systems. It operates through two segments, Communication Products and Electro-Optics Technology. The Communication Products segment engages in the development, manufacture, and sale of optical fiber-based data communication equipment to both commercial and government clients. It supplies solutions for highway traffic management, air traffic control, border surveillance, facilities security, and business video systems. This segment offers products in various categories, including data communications products, uncompressed digital video transmission products, course wavelength division multiplexer systems, high resolution red green blue video transmission products, and compressed digital video transmission products. The Electro-Optics Technology segment develops and manufactures optical devices under contract, primarily to government and defense industry customers. It fabricates precision-wound coils of optical fiber used as the sensing elements of fiber optic gyroscopes and for applications ranging from optical fiber dispensers used in remote vehicle control systems to precision optical fiber coils for communications systems. Optelecom-NKF sells its products through direct sales force, commercial integrators, and resellers. The company was organized in 1972. It was formerly known as Optelecom, Inc. and changed its name to Optelecom-NKF, Inc. in April 2005. Optelecom-NKF is headquartered in Germantown, Maryland.


TELE NORTE CELULAR PARTICIPACOES S.A (TCN)

Tele Norte Celular Participaçoes S.A. provides cellular telecommunications services in the states of Para, Amazonas, Maranhao, Amapa, and Roraima in the north and northeast of Brazil. It offers a series of services to prepaid and contract subscribers, as well as business solutions to corporate users. The company provides value-added services, such as fax reception through mobile handsets, voicemail, call forwarding, call waiting and call conferencing, caller line identification, and three-way calling. In addition, Tele Norte Celular offers special services that include customized ring tones, real time play-by-play of soccer matches, information searches, and convenience services. It provides automatic roaming services in Brazil and international roaming services in countries, such as Argentina, Uruguay, and the United States, as well as offers mobile telecommunications services to subscribers of other wireless service providers. The company sells handsets, handset accessories, and calling cards and provides activation services through independent local distributors, company owned stores, and a direct sales force, as well as sells prepaid cards through supermarkets, lottery ticket stands, newsstands, and other retail outlets. As of December 31, 2004, Tele Norte Celular had 18 company-owned stores. The company is headquartered in Brasília, Brazil.


MERRIMAC INDUSTRIES INC (MRM)

Merrimac Industries, Inc. engages in the design, manufacture, and sale of electronic components and microwave micro-circuitry worldwide. Its electronic components include power dividers/combiners, directional couplers, phase shifters, hybrid junctions, balanced mixers, variable attenuators, beamformers, quadrature couplers, single side band modulators, image reject mixers, and vector modulators. The company produces precision microwave circuitry with frequencies ranging from 500 megahertz to 100 gigahertz. Merrimac Industries also offers aluminum, copper, and brass backed circuits, as well as processes thin film circuits on hard substrates, such as ceramic, ferrite, and glass. Its products are used in various applications, including satellite, aerospace, defense, fiber optic telecommunications, automotive, navigational, and personal communications systems. The company, formerly known as Merrimac Research and Development, was incorporated in 1954. Merrimac Industries is based in West Caldwell, New Jersey.


WARWICK VALLEY TELEPHONE COMPANY (WWVY)

Warwick Valley Telephone Company provides communication services to the residential and business customers. It operates in two segments, Telephone and Online. The Telephone segment offers local network services, including caller ID, call waiting, voice mail, and other value-added services, as well as telephone and other equipment; network access services; and long distance services. This segment also offers directory services, which include publishing yellow and white page directories; and selling advertising in these directories. In addition, it offers services related to billing and collections to other carriers, inside wire revenue, circuit revenue, wireless services, and reciprocal compensation. The Online segment provides high speed and dial-up Internet services, and video over very high bit-rate digital subscriber line, as well as a digital TV. As of December 31, 2006, the company provided telephone service to customers through 24,029 access lines in the contiguous towns of Warwick, Goshen, and Wallkill, New York, as well as in the townships of West Milford and Vernon, New Jersey. Warwick Valley Telephone Company was founded in 1902 and is based in Warwick, New York.


WAVECOM S.A (WVCM)

Wavecom S.A. engages in the development, marketing, and sale of prepackaged wireless solutions for wireless applications and personal communication devices (PCD). Its solutions enable wireless cellular network operators to transmit and receive both data and voice communications. It develops and sells various integrated solutions, including software and hardware elements required for designing wireless devices. The company's solutions are integrated in telecommunications terminals that use radio frequencies based on global system for mobile communications, general packet radio services, and code division multiple access. Its products include the Wismo (wireless standard module), which are compact devices that contain software, hardware, and other technology, including memory needed to enable wireless communications. Wavecom develops and integrates digital circuit designs, radio frequency devices, silicon chip architecture, and manufactures wireless products. Its solutions are sold in the form of hardware platforms with embedded software, as well as additional software tools. The company has developed specific wireless technology solutions for mobile telephones, as well as for other nonhandset products. It sells its PCD solutions to original equipment manufacturers, original design manufacturers, and electronic manufacturing services primarily in Asia. The company provides various support services that include design assistance and support; development of application specific software; field testing and validation, including assistance for obtaining a product's certification; supply of test software and tools for monitoring production; assistance with the production process; and customer training. It distributes its products through a distribution network and independent sales representatives worldwide. Wavecom was co-founded by Michel Alard in 1993 and is headquartered in Issy les Moulineaux, France.


TELEFONOS DE MEXICO (TFONY)

No description available.


MER TELEMANAGEMENT SOLUTIONS LTD (MTSL)

Mer Telemanagement Solutions, Ltd. engages in the design, development, marketing, and support of a line of telecommunication management, expense management, and customer care and billing solutions. Its products include call accounting and management products, fault management systems, and Web-based management solutions for converged voice, voice over Internet protocol (IP), IP data and video, and customer care and billing solutions. The company markets its products worldwide through distributors, business telephone switching systems manufacturers, and vendors, as well as its direct sales force. MER Telemanagement Solutions was founded in 1995 and is headquartered in Raanana, Israel.