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Hi pch,

I work in the industry as well & I design networks & configure the cisco routers for companies to connect all their branches thru VOIP.

I see your point that those who are looking for a long term hold would be a little paranoid about this stock (long term here I think is more than 2-3 years), imo,Technology stocks with all forms & sorts are NOT long term holds (technology upgrades & competition is too fast for any company to last for 5 years as a leader!) & tech. stocks will never give you the peace of mind of forgetting about them. I actually argue that any stocks are!!.

my point here is, if you want to play safe, then we all know the options available to play it safe, this stock is risky being a tech. stock but with short to medium term potential in my opinion. I'll never argue that even telstra has a VOIP product in the market now! but it doesn't erase the fact the ENG has new customers coming in everyday, they could be good or lucky, in a 1-2 years view no one should really care as long as they're growing & making profits.

I think the golden rule with tech. stocks is: watch it or you lose it!

so risk here is same as others but a bit more potential with it carrying new technology & savings,etc...tomorrow, technology could be old or competition is very taugh then you ride the new rival who promises to change the world if you like their story.

long term stocks that you could forget about without any worry??? I would like anyone to tell me JUST ONE !!! I'll put all what I have in it & sit on the beach & get a tan  I think that's a myth!