NEW YORK, July 26 (Reuters) - Plantronics Inc share prices could surge as much as 50 percent as wireless earpieces make the move indoors and into offices, Barron's reported.
The California-based maker of wireless ear units is seeing the market for its product expand, potentially pushing its shares to around $30, up from $20, Barron's said.
'The big driver will be investors realization that a sea change is coming to the office over the next five years,' Barron's said. 'Instead of picking up a phone and dialing a number, you will simply slide a cursor over a contact's name on your computer screen.'
(Reporting by Steve Eder; Editing by Christian Wiessner)
((Reuters email: steve.eder@reuters.com; +1 646 223 6069)) Keywords: PLANTRONICS/MARKET (For help: Click 'Contact Us' in your desk top, click here or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com; +1 646-223-5546) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The California-based maker of wireless ear units is seeing the market for its product expand, potentially pushing its shares to around $30, up from $20, Barron's said.
'The big driver will be investors realization that a sea change is coming to the office over the next five years,' Barron's said. 'Instead of picking up a phone and dialing a number, you will simply slide a cursor over a contact's name on your computer screen.'
(Reporting by Steve Eder; Editing by Christian Wiessner)
((Reuters email: steve.eder@reuters.com; +1 646 223 6069)) Keywords: PLANTRONICS/MARKET (For help: Click 'Contact Us' in your desk top, click here or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com; +1 646-223-5546) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.