NEW YORK, NY -- (Marketwire) -- 03/07/12 -- In what is reported as "the fastest developing mobile system technology ever" the 4G LTE boom is creating significant growth throughout the technology sector. 4G was designed primarily with data in mind rather than voice services. The 4G network is entirely IP based with significantly higher download speeds and higher signal quality. Five Star Equities examines the outlook for the Technology Sector and provides equity research on Powerwave Technologies Corporation (NASDAQ: PWAV) and Tellabs Inc. (NASDAQ: TLAB). Access to the full company reports can be found at:
According to a report from Global mobile Suppliers Association (GSA), LTE is the fastest developing mobile system technology ever. This growth is quantified by In-Stat, who recently reported that the number of LTE handsets is expected to top 154 million devices by 2015. Market research firm I.H.S. iSupply says capital spending on LTE technology is projected to jump in size to $24.3bn in 2013.
Rapid adoption of smartphones is aiding growth. According to a report by the Pew Internet & American Life Project, around 53 percent of all U.S. adult cell phone owners now use smartphones instead of feature phones.
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Tellabs, Inc. designs, develops, and supports telecommunications networking products for communication service providers in the United States and internationally. The company recently released a press releases stating that Tellabs has entirely renewed Tellabs Mobile Backhaul Solutions - to simplify the migration to LTE and LTE-Advanced. About half of the 160 customers who use Tellabs Mobile Backhaul Solutions plan to migrate to LTE and LTE-A over the next few years, the company said in a press release.
Powerwave Technologies, Inc. designs, manufactures, and markets end-to-end wireless solutions for wireless communications networks worldwide.
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