NEW YORK - Last summer in the pages of Forbes Wireless Stock Watch, I wrote about the great opportunities for wireless voice-over-IP and centered my observations around one company that has made VoIP a central part of its strategy: Cisco Systems. Seven months later, Cisco’s stock has been disappointing and trades around $19 per share–about 20% lower than when I discussed the opportunities for the company. But don’t count out Cisco yet–2005 will be a big year for IP networks.

Last summer, Cisco (nasdaq: CSCO - news - people ) CEO John Chambers made his vision clear, arguing that future economic growth will depend on productivity growth. Furthermore, productivity growth depends on improved wired and wireless integration, processes and applications. At the heart of this integration is the mobile IP network. Click here for more…