The new Labour government appears to have swallowed the previous Tory government's line that it is more important to re-deploy the intelligence gatherers than to slim their numbers or budgets.
Ellis notes that the stock is cheap, but suggests investors deploy new money in other stocks where order re-acceleration and fundamental catalyst prospects are brighter, including Analog Devices, Maxim Integrated Products and Texas Instruments.
It's hard to fathom that it's taken this long, but hey, we'll take it -- unfortunately, it's up to each carrier to decide when they're going to deploy BIS upgrades, so your mileage may vary on the wait time.