Telecom Turnaround is Afoot
A Business 2.0 article by Om Malik, via CNN/Money, reports that:
For the first time in years, executives at telecom-equipment makers are feeling ebullient about the future, thanks largely to an insatiable demand around the globe for broadband connections.
Companies virtually given up for dead after the telecom bubble popped, like JDS Uniphase, Redback Networks, and Ciena, have all made remarkable turnarounds as demand for the gear that powers fast Internet connections has risen sharply. But the ultimate proof of telecom's broadband resurgence may come on Tuesday when industry leader Cisco reports its earnings.
In the U.S., Comcast, Time Warner, AT&T, BellSouth, and Verizon together added almost 2 million new broadband lines in the fourth quarter of 2005. And broadband is far from just a U.S. phenomenon.
posted by Fergie @ 2/06/2006 09:11:00 AM
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