Telecom Bloom?


Chicago Daily Herald quips: Is that a robin hopping around the half-empty buildings of the telecom industry? I think it is, and so does Michael brick, the co-founder and chairman of Tellabs. He says look at the increase in orders. “At Tellabs, where 60 percent of the work force has been cut over the past three years, the companyÌs backlog of products that have been ordered but not yet shipped is at an 18-month high and revenues have grown in each of the last three quarters,” reports the Herald. ÏThe industry has bottomed out and we might be seeing the first signs of spring,Ó Tellabs chairman Birck tells the suburban daily. But one robin does not make spring, so we wait and watch. I have said it before, I think this will be a recovery of “fits and starts.”

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