Wrong, I'm one of the survivors who didn't whole heartedly buy into the tech bubble. Sure, I got burned in my brokerage account, but that represented 5% of my total net worth. The rest of my money survived the onslaught quite nicely.
As for your other comments, this isn't a case of build it and they will come. This is a case of people/businesses actually demanding the bandwidth, but in many cases not getting the fat pipes they need as quickly as they need it.
The problem is not the demand, but that the Service Providers are still figuring out how to make money at it. As far as buying routers vs laying fiber, it's not one or the other. You need both. DUH! Fiber with out optical cross connects, switches, routers, and everything down to the edge, is just more glass.
With or without bubbleheads like you, technological innovation continues to march on and demand continues to grow at a 100% annual clip. This market has bottomed and will trade sideways for the next year to a year and a half, and then tech will be hot again. You may be with us or not, I don't care, but as a long term investor now may be a good time to start picking your stocks. I personally am waiting until October, but I have my eye on a few. |
