Evening PS…

ADTN cited CAPEX weakness at one of the their major customers in the Q.  There is nothing surprising that budgets are slow to get set and spent to the start the year, but this did come the day after Morgan-Stanley upgraded ERIC and ALU on a “US CAPEX Surprise.”  CIEN was marketing with RBC today and they were positive on the optical upgrade cycle.  I am positive on it too as network cores have been under invested for a about four years.  We will have more on the optical upgrade cycle and what to do with all those mobile device companies soon.

– GC