gfr fan,
Good analysis. I agree. COMS will struggle but will
win by attrition, IF THEY EXECUTE. What's happening
with some of the higher end products, sophisticated
Lan/Wan equipment was/is, happening to the modem sector, IMO.
COMS has been the last survivor of the modem wars, and will
now reap the benefit of market share and being the only real
survivor. Other network products will go through the
same process, though network products will/should give higher
margin returns, IMO.
I see part of our job as just toughening out for the long
haul. The end result will be a much stronger COMS, more
market share, and dominating more products in most networked environments.
As I've said before, I'm more worried about the market and
economy at this point. COMS fundamentals have turned the corner
so far. If '99 is recession or major slowdown as
Greenspan indicated this morning (I'm going start calling
him Doomspan), then times may get very bumpy.
In the end, COMS will be a survivor.
BTW...Japan up over 6%. If they actually pass some
real legislation and pump $$ into their sh*t banks, they
may help tremendously. Already Yen is at ~124 to the $ this
morning...unreal move. Very positive IMO. Will it last???? |
