I wonder what the credibility of CSCO, JDSU, Nortel, CIEN, JNPR, SONS, Corvis, Corning, Sycamore, etc... etc... etc... have taken then with warnings after warnings after warnings and miss after miss after miss... for all of the above (some more than others).
I guess the point is that this is not a Lucent problem. In fact Lucent is doing better than 99% of all the telecoms out there by showing signs of life with new products and growth. Show me how many others will be posting growth this quarter? How many others are releasing as many next generation products as Lucent? How many are winning the kind of contracts (1/2 a billion just today) that Lucent can not pass a single day without announcing a new win on a new contract. No, that does not mean that things are perfect at telecom land with the current capex, but Lucent is coming out as one of the strongest with the best portfolio of products going forward IMO.
JMHO.
BTW, Softie, this isn't directed at you but the sensationalistic writer. BTW, I'm buying back my ST trading shares tomorrow that I sold at the close. Love opportunities like that. |
