Blair Levin, an analyst at Stifel Nicolaus, said he believes the buyout will be approved, although he doesn't think it will close for some time.

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John Guinee, an analyst at Stifel Nicolaus, said Mr. Thomas has a reputation for being an aggressive deal maker and successful real-estate investment banker, so the move could mean a "more aggressive management" style in the future that includes more acquisitions and asset sales.

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Rebecca Arbogast, a Washington-based industry analyst with Stifel Nicolaus, said that while the stay is clearly a victory for Vonage, the expedited time frame causes problems for two reasons: It gives the company less time to develop a workaround technology should the appeal fail, while making it harder to market the service because consumers will know the issue could surface again this summer.

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Meyer Shields, a Stifel Nicolaus analyst, said there could be "modest weakness" in the shares on Wednesday amid succession-related uncertainty.

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Using Newmont Mining as an example, Aldis cited research by Stifel Nicolaus analyst George Topping who said over the last 10 years, Newmont production has fallen from 7.5 million ounces annually to a little less than 5 million ounces.

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In a research note issued prior to the ruling, Stifel Nicolaus tech analysts Rebecca Arbogast and David Kaut said the FCC will likely address complaints at the agency level on a case-by-case basis.

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In a research note Tuesday, Stifel Nicolaus research analysts Rebecca Arbogast and Dave Kaut said they expect Genachowski to push for greater broadband access across the country, Internet neutrality and greater competition among wireless carriers.

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