jhg,
Actually, it is not the market that is lousy. It is the knowledge of the media pundits and gurus. They still can't seem to get it straight that there is a world of difference between obsolete legacy equipment, and cutting-edge technology.
The word "legacy" in itself means something left behind.
Unfortunately, Ciena's stock is suffering collateral damage due to the confusion of ill-informed journalists, pundits, and investors. But the company is thriving and growing ever stronger in this environment. An investors challenge is to find another company that has better prospects for the future, if that is possible.
Ciena is still hiring. Now what does this message convey?
Nortel has repeatedly denied that Ciena is taking its market share. Some of us know better, as Nortel is whistling thru the graveyard. The days of mixing legacy and next generation optical equipment together and calling it all next generation are numbered. That scam has been debunked. Hence, Nortel's market share figures are beginning to look anemic. No wonder. The emporor had no clothes.
While Nortel struggles to get a first generation optical switch out into the market place, Ciena announces a second and third generation switch. The former being the high port count CD with 3072 ports, the latter a hybrid using Cornings MEMS fabric.
Ciena dominates optical switching, and may well dominate high-end, high channel count transmission systems. This business is also still robust.
Jack Hutchison |
