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. *

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