After spending the past few years getting its house in order, ClearOne Communications, Inc. (OTCBB: CLRO) could be poised for a break-out year.

With a $70 million market cap, ClearOne is a leader in the audio conferencing and collaboration market. With 25 years of experience under its belt, ClearOne is the number one player in the high-end, professionally-installed audio systems market and it is second in the table-top audio segment. The Salt Lake City, Utah-based company has recently moved into the fast-growing VoIP personal conferencing market, where it is leveraging the proprietary audio digital signal processor (DSP) technologies that have made its products the leading choice in corporate boardrooms. Customers range from the Fortune 500 companies to home users.

ClearOne fell off Wall Street’s radar after an accounting scandal in 2003. Under a new management team, led by CEO Zee Hakimoglu, who joined ClearOne in late 2003, the company has re-focused and gotten its house in order. Named "2007 Audio Conferencing CEO of the Year" by industry research firm Frost & Sullivan, Hakimoglu has settled a slew of legacy issues at ClearOne. This has included bringing ClearOne current on its financials, settling lawsuits and the termination of an SEC investigation. ClearOne also sold off its small non-core document and educational camera product line last August.

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