Besides the continued trends of carrier consolidation around the globe, we see convergence and competition to new IP-based solutions called IMS leading to price pressure and lower margins. |
Despite the low margin opportunities of running an MVNO, entertainment companies see benefit of extending their brand and programming to their customers through mobility. |
Key issues will be whether Cisco has lost a step or two in keeping its early mover advantage on new product fronts, and whether the company is getting too large to respond to rapid-fire market changes. |
Qualcomm is collecting profitably on intellectual property. |
The analyst meeting is a pivotal time for Cisco to build renewed investor confidence. We remain positive. |
We believe the termination of talks with Corning does not take away from the earnings power or valuation potential of Nortel's optical or overall business. |