Disclosure Insight Maintains Medium Risk Rating on Neutral Tandem

A report from Disclosure Insight reiterates its Medium Risk – Negative Bias rating on Neutral Tandem TNDM. The report states, “Concentrated revenue; a new CEO in Apr-11; the Tinet acquisition in Oct-10; and patent litigation support our opinion of a Medium Risk - Negative Bias rating on TNDM. AT&T and Sprint Nextel accounted for 22% and 18% of 2010 revenue, respectively. Rian Wren (CEO since Feb-06) retired on 1-Apr-11. He was replaced by director Edward Evans.” TNDM closed yesterday at $10.54.