Just about anyone competing with JDS Uniphase (JDSU +17.7%) in a major way is higher after the...
PKT | Thu, Jan 31
Just about anyone competing with JDS Uniphase (JDSU +17.7%) in a major way is higher after the optical component/test equipment firm beat FQ2 estimates and issued healthy FQ3 guidance. FNSR +10.8%. OCLR +10.5%. NPTN +4.3%. OPLK +4.7%. EXFO +6.6%. XXIA +1.9%. Telecom equipment makers are also up, lifted by both JDS and Ericsson's results: INFN +4.4%. CIEN +6.4%. ADTN +2.7%. JNPR +2.6%. PKT +3.6%. ALLT +3.2%. JDS mentioned on its earnings call "recent announcements and customer dialogue" bode well for 2013 telecom capex
Telcom is so sleazy, as I spent years in it. I owned JDS years ago, thinking the government would follow through on fiber to the desktop, but to date they hide it from consumers. Make note of the trend to disconnect from cable by consumers. The only thing saving cable TV are networks like HBO and Showtime. Once these networks are available online, cable will finally get what they deserve, a nail in their coffins. They have milked consumers for decades and don't deserve sympathy.