Finance officials at the telecom carriers know the capital markets are cutting them off, but the engineers haven't bought the story yet, [Mr. Sagawa] says. As a result, "they're not telling vendors 'We're going to back off spending,' and since salespersons aren't hearing that from customers, CEOs of [equipment] companies aren't hearing the message from the salespeople. Mr. Roth is hearing his own people saying 'It's not that bad' because the message hasn't gotten all the way through. The capital market is saying it is that bad."
Mr. Sagawa concludes, "A lot of the companies... just haven't yet fully capitulated to the market. When they do, we're due for a round of downward revisions."
The chickens are coming home to roost. Of the two court decisions, I found the U. S. Supreme Court ruling for clarification the most pleasing. Rather than overrule the Florida Supreme Court decision to extend the certification deadline outright, the Justices decided to let them twist in the wind by asking the Florida court "How the heck did you come to _that_ decision?" Penumbras and emanations aren't acceptable at this point. No BS allowed. The Florida Supreme Court is now faced with the twin tasks of answering to the U. S. as well as fielding the appeal of this afternoon's ruling. Sweet!
I hope it's clear to everyone how important an impartial Supreme Court is. It's almost enough to restore my faith in the justice system.
great isn't it?!?! it reminds me of a mother sending a 6 year old back to their room to think about what they did after they'd done something bad! cooler heads are starting to prevail... was pretty scary for awhile though...