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Q4 and Full Year 2012 Analysis
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Video conferencing vendors worked their way through a difficult 2012 in which overall market revenues declined follwing a strong 2011. The ongoing disruption due to a shift to lower-priced endpoints and mobile devices as well as lower-cost software-based solutions will continue to impact the top line. The move toward a software and services approach is here to stay and will impact overall product revenues. We expect low growth rates in the near term while new solutions and business model mature.
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