Cisco Systems Inc. (Nasdaq: CSCO) seemed to get decent marks for its last earnings call, but all I heard there were repeated admissions that the company's slump will last longer than expected. More blatantly, you had Ciena Corp. (NYSE: CIEN) tacitly admitting that someone, almost certainly AT&T Inc. (NYSE: T), was cutting back on spending -- supposedly, just for the short term.
Andrew Schmitt of Nyquist Capital has doubted the coming flood of video demand. If he's right, then softened demand might not bounce back, as carriers realize they've aimed high yet again. On top of that, you've got a weakened economy and a lending environment under lockdown. It sounds like the ingredients for a nuclear winter revival.
Maybe I'm just gloomy because it's an overcast Monday and I haven't had my coffee yet (even decaf cheers me up). Maybe mobile will come to save us all.
— Craig Matsumoto, West Coast Editor, Light Reading