More CAPEX Thoughts
A note from George Notter at Jefferies this morning detailed many of concerns and the thesis I have been working on since July here, here, here or you can just find them all here in regard to CAPEX. Coverage of the Notter note can be found here. I have the note and it is far more bearish than the coverage it received in LR. If you have been a regular reader of this blog, than you have known about this CAPEX trend since July and this is not a surprise.
In the note, Notter cited accelerating ATT order and forecast cuts in the last 3-4 weeks; he is not sure what is going on; has never seen this before; could be any of three explanations for the cuts; ATT will dispute the cuts; but all will be better in Q1.
Side note: anyone have thoughts on the Cisco webinar on Fabric Path today? I attended the presentation.
* It is all about the network stupid, because it is all about compute. *
** Comments are always welcome in the comments section or in private. Just hover over the Gravatar image and click for email. **