Results from Heavy Reading's first CFP (Community Flash Poll) are in. The small crowd has imparted its wisdom. The telecom industry is on firm if somewhat flat ground. No need to panic, but it's probably not the best time to run out and buy one of these.
In case you were dozing or were mesmerized by the haiku poetry currently gracing Light Reading, our first CFP focused on how our beloved community (that's YOU) feels about the current state of the telecom business and its future prospects. (See So, How Are Things?)
Response was mildly underwhelming (no Starbucks cards offered as an incentive), but vaguely informative nonetheless.
Regarding where the telecom industry is today, one word sums up the crowd's feeling: this word. Less than 5 percent of us feel that the telecom business today is in "great shape." The vast majority says it's OK but could be better. About a quarter of us think telecom is in distress.
On the more positive side, most think the industry will get better or at least stay the same -- kind of like the sixth-year senior pulling a solid 2.0 GPA. Less than 10 percent of us think things will get worse.
Not surprisingly, individual circumstances influence our view of where things are going. Half of those who see bad times ahead for telecom also say their company is falling behind its competition. Meanwhile, more than 80 percent of those who say their company is outperforming its rivals think the telecom business is headed for better days.
We'll be rolling out our next CFP in a few days. Meanwhile, let's keep that community spirit going!
— Dennis Mendyk, Vice President of Research, Heavy Reading/Pyramid Research