Rodent Regatta

that journalists and analysts are using to bury the telecom industry, these same writers will one day return to write about the shortages that exist for dependable, fast bandwidth that is available everywhere.
Broadband is a term that has been overused to refer to the move from 56K modems to cable or DSL. Realities will begin to set in late this year or early next year. Those realities will expose 1.5Mbps as being insufficient bandwidth for much of what we will want to do with PC’s, PDA’s, etc.
It may be fair to lob shots at the teleco’s. It may also be fair to talk about a glut of fiber. However, all bandwidth isn’t created equal! Fiber is only one piece of a very large puzzle that must be tightly fit together to create truly fast and dependable next generation networks that are capable of delivering broadband bandwidth. Only a few players are positioned to capitalize on the coming shortage of this type of bandwidth.

Telecom May Have Bargains, After All. It seems a good time to survey the slag heap that is the telecom stock sector. Surely, some jewels lie buried there, cast off in recent months by dispirited investors. By Gretchen Morgenson. [New York Times: Business]
NTT of Japan Plans to Cut 17,000 Jobs. Nippon Telegraph and Telephone said that it would restore its profitability over the next three years, in part by cutting 17,000 jobs. By Ken Belson. [New York Times: Business]
WorldCom Cuts 2002 Guidance. WorldCom lowered its full year 2002 earnings and revenue guidance for the second time, citing lower demand from business customers amid an industrywide slump. By Reuters.

For more on the bandwidth dilemma take a look at this post from John Robb.