Nera is on a tear

Nera, the telecommunications hardware manufacturer, doubled analysts' expectations with earnings of USD 6.7 million (NOK 59.8 million) before tax in the fourth quarter. "Nera anticipates that growth in the transmission market will continue in 2001," said CEO Bjørn Ove Akeie. "The company has not yet noticed any slackening in demand for Nera's transmission products, which in several areas are considered to be global leaders."