[Telecom Equipment]
Group's prospects over the next few years remain outstanding, as telecom service companies are spending big to upgrade the telecomm infrastructure in order to meet burgeoning demand for increased bandwidth. Given the Net's explosive growth, rapid growth in the small-office/home office (Soho) market and tremendous international opportunties for expansion, see no prolonged let-up in the groups performance for some time to come... Would take a material slowing in the domestic economy to dampen the long-term bullish view, and right now there are just no signs of a slowdown... Even recent actions by Fed only likely to slow growth down to the 4%-3% range... Consolidation is another reason to like the industry, as I expect deal activity to remian brisk as foreign companies continue to look to expand presence in the US.
Stocks: ADC Telecommunications (ADCT), Adtran (ADTN), Advanced Fibre Communications (AFCI), Andrew Corp. (ANDW), Aware (AWRE), Ciena (CIEN), Copper Mountain (CMTN), Corning (GLW), Ericsson LM (ERICY), E-TEK Dynamics (ETEK), International Fibercom (IFCI), JDS Uniphase (JDSU), Lucent Technologies (LU), Nokia (NOK), Nortel Networks (NT), Paradyne (PDYN), Powerwave Tech (PWAV), Qualcomm (QCOM), Scientific-Atlanta (SFA), SDL Inc. (SDLI), Sycamore Networks (SCMR), Teligent (TGNT) and Tellabs (TLAB). |
