Despite a rough market on Wednesday, there were no problems with the IPO of Starent Networks
Starent develops software and hardware systems to help mobile operators deliver video, Internet access, email, and games. The platform also enables subscriber management, billing, content filtering, and security.
The technology is in heavy demand. Starent has snagged 60 mobile operator customers across 25 countries, including Verizon
Despite competition from players such as Cisco
As with other recent high-growth IPOs such as Riverbed Technologies
This stock is an interesting play on the wireless infrastructure space, but it's not for the faint of heart. If this stock calls, only thrill-seekers should pick up.
Fool contributor Tom Taulli, author of The Complete M&A Handbook, does not own shares mentioned in this article. He is currently ranked 2,149 out of 29,896 in Motley Fool CAPS. Vodafone is an Inside Value pick. The Motley Fool has a disclosure policy.