Rodent Regatta

that no telecom company will ever install another circuit, upgrade its existing circuits in any way or need any additional capacity at any point in the future! No IP network will ever generate enough revenue to survive. No customer will ever want any service of any type from any telecom provider – wireless or otherwise – ever again. So, remember as you consider your investments that telecoms with revenues, profits and cash flow are just like every dot.com that failed!

Ciena’s revenue plunged 80% and the telecom-equipment maker warned that it doesn’t expect any improvement in the current quarter. Its loss widened. [Wall Street Journal]