Paul Sagawa, Sanford Bernstein
Expects carrier capital spending to decrease by 20% this year, and another 10% next year.
Previously this year, he had expected a small increase in carrier capital spending.
Thinks there is a current oversupply in this field.
With prices dropping this quickly, carriers are trying to fill networks, not build bigger ones.
Thinks CSCO will make a long series of "head fake rallies". Disappointing earnings will, however, keep this stock in the low teens in the long run.
Likes LU strictly on a valuation basis. Expects LU to get a bump from the final sale of its fiber optics division. Nevertheless, if the stock goes much higher, he doesn't see more upside.
Says there is business out there in wireless communication sector, which is growing, compared to the wire-line sector, which is not.
Likes NOK. It is the only $30b+ company in tech he knows of that will post 20% growth this year and sustain good margins. It is the best run company in tech. ERICY and MOT have made poor management decisions in comparison. NOK is taking market share from ERICY and MOT as well |
