|By Marketwire .||
|June 15, 2012 08:20 AM EDT||
NEW YORK, NY -- (Marketwire) -- 06/15/12 -- Growing demand for high-speed networks and smartphones has offered significant opportunities for companies in the technology sector. According to Gartner Inc. smartphone shipments globally are expected to total 655 million in 2012, more than double 2010's total of 299 million. The Paragon Report examines investing opportunities in the Technology Sector and provides equity research on Alcatel Lucent SA (NYSE: ALU) and VirnetX Holding Corporation (NYSE: VHC).
"The number of commercial LTE networks has quadrupled in just over a year. Commercial LTE services are available in 38 countries. The pace of introduction of LTE is happening faster than most people predicted a year ago," said Alan Hadden, president of the Global mobile Suppliers Association (GSA).
It is estimated that by 2017 there will be close to nine billion mobile subscriptions and 85 percent of the world's population will have access to the internet through 3G coverage according to Ericsson's second Traffic and Market Report - On the Pulse of the Networked Society.
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Alcatel-Lucent is a leading innovator in the field of networking and communications technology, products and services. With operations in more than 130 countries and one of the most experienced global services organizations in the industry, Alcatel-Lucent is a local partner with global reach. The Company achieved revenues of Euro 15.3 billion in 2011 and is incorporated in France and headquartered in Paris.
VirnetX Holding Corporation is an Internet security software and technology company with patented technology for 4G LTE security. The Company's software and technology solutions, including its secure domain name registry and GABRIEL Connection Technology, are designed to facilitate secure communications and to create a secure environment for real-time communication applications such as instant messaging, VoIP, smartphones, eReaders and video conferencing.
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