Conference phones manufacturer ClearOne (News - Alert) has been riding quite a wave of success recently. In March, the company received an Excellence Award from INTERNET TELEPHONY Magazine, and a CEO of the Year Award from Frost & Sullivan. Earlier this month, ClearOne announced expansion of its Chat 150 conference phone peripherals to include Cisco phone integration-and promptly won a Communications Solutions 2006 Product of the Year Award from TMC for that product line.   Now comes news of the company's third quarter (ended March 31, 2007) financial results for fiscal year 2007, and more industry kudos from Frost & Sullivan for its product line strategy.   ClearOne reported net income of $1.2 million ($0.11 per diluted share) for the quarter, compared to $540,000 ($0.04 per diluted share) for the same period in the previous year. Zee Hakimoglu, president and CEO of ClearOne, attributed the company's success to increased sales of its audio conferencing products.   "We have stepped-up our efforts on communicating the unique attributes and differentiated value of our entire product line to industry professionals and end-users," Hakimoglu said in a statement.   As of March 31, 2007, ClearOne had cash, cash equivalents and marketable securities of $22 million, and no long-term debt.   In related good news, ClearOne in April announced that it won Frost and Sullivan's 2007 Product Line Strategy award, in recognition of "outstanding product portfolio in the audio conferencing tabletop and personal hands-free audio communications product markets."   This award came on the heels of a portfolio focus shift on the part of ClearOne. Until 2004 the company (formerly known as Gentner) offered high-end, professional audio systems only. In that year, the company changed its name to ClearOne and its focus to tabletop audio conferencing products.   ClearOne is now firmly focused on conferencing products, and continues working hard to grow both its portfolio and its distribution channels.   "In the last two years the company has gone further in expanding distribution channels in Europe beyond its traditional base of audio-visual distributors and resellers," said Frost & Sullivan analyst Dominic Dodd, in a statement. "The aim has been to promote products through new IT and telecommunications dealers, online channel outlets and direct marketing dealers."