JDS Uniphase (JDSU)

[learningthehardway]

A clip from an article posted in a message on Yahoo.

Holds some hope.

The inevitable result is a cut in capex. Verizon expects 2003 capital expenditures of $12 billion to $12.5 billion, a decline of $1 billion from the high end of its previous guidance of $12.5 billion to $13.5 billion.

Seidenberg says the company will move forward on its RFP for a fiber buildout next year, but with caution. “We will reallocate where we have to… We are waiting to see what the suppliers tell us… about issues of electronics and support systems that go with it." (See Fiber Surprise in FCC Rules? and Vendors Await FTTP Shortlist.)