Bridgewater talks about its IPO

On why Bridgewater pulled the trigger when others have not: You have to look under the covers at the strength of our business. We are a product company first and foremost. A strong demonstrated bias in our revenue mix toward product allows us to build growth and velocity in our business that you don’t see from vendors who are systems integrators or custom development driven. We derive revenue from 29 countries around the world and drive it from multiple markets: IPTV, wireline, GSM, CDMA and WiMAX. We have a greatly diversified and healthy business that wasn’t created overnight.

On opportunities for future growth: We are a leading vendor for network access control solutions for the CDMA market place and the 4G revolution in that market place. More importantly, that market is driving some of the highest data ARPU across the wireless industry. For us, that means our operators are launching more applications and data services than other operators. We are incredibly bullish on WiMax. We are betting not on subscriber growth, which is a few years away, but on core products to roll out the networks, and that is happening now. So we’re focused on the capex growth of WiMax.

On the troubles with WiMAX: Regardless of who owns the network and who pays the bills, the WiMAX network is being built and rolled out nationally. WiMAX will be a strong, competitive, disrupting force in wireless in the United States. Whether Sprint and Clearwire are joined at the hip in a strong alliance or whether they are competing with each other in the open marketplace, both networks are being commercialized and deployed, and we are encouraged.

On using cash for other investments such as research and development: We have an R&D component that is right-sized for our business. We don’t anticipate having to grow that organically. We are already engaged in developing solutions around advanced network and application policy control for the wireless industry, access and control for mobile WiMAX and in the policy space for IPTV.