Rick,
Your words don't fall on deaf ears with me. I was with you during the late years of the 1990, as you championed the QCOM cause on LTD.
This week, we saw the market turn savage on AMCC. Superior products and management work in the long term. Not microsecond, or day, week or month, if the market gets scared.
When the market is scared, it all goes out the window.
So now......a new chapter. The white knight, JDSU, rides in and tells us what they did, and raises the bar on what they will do next Q and 2001 and all is fine again?
Where's the disconnect then? Who's lying and who's telling the truth? LU can't be failing, and NT misses by 200M and has less optical growth and JDSU is RAISING THE BAR? The guy from Sanford Bernstein had a good point. There are only some many companies than can be buying, integrating, and selling this optical stuff. And only so many that are going to use it.
It would behoove us all to work hard to separate the marketing BS from the real truth here.
Steve |
