Here's great news from WSJ:
REPEAT:Digital-Network Pdt Makers See
Sales Bonanza In Asia
By Wayne Arnold
SINGAPORE (Dow Jones)--Hold on to your hats: here's some good
news for companies trying to sell products in Asia.
Demand for the nuts and bolts of digital networks has been relatively
unscathed by the region's economic carnage. Telecommunications
companies, especially those in China, are still hungrily buying and so are
companies that sell access to the Internet.
That's helping Ascend Communications Inc. (ASND) of the U.S. and
Singapore's Datacraft Asia Ltd. (P.DAS), which concentrate sales efforts
on those customers.
Asian-market leader Ascend, for example, expects sales in Asia, excluding
Japan, to rise roughly 40% this year, buoyed by sales of its switches and
modems, Anthony Wise, general manager of Ascend's Asia Pacific
operations in Hong Kong, said in an interview.
Sales at Datacraft are still exceeding targets, said Sam Lin, the company's
director of business development. The company will report earnings in
mid-July. "I'm legally not allowed to tell you how happy I am," Lin said.
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