Nortel's results had one big surprise. Optical revenue declined sequentially. Ouch! Optics is Nortel's growth engine and it has been growing at over 20 percent sequentially in previous quarters.
Tom Astle
We believe that this is an unusual temporary event and gives a unique opportunity to buy a significant market leader on weakness.
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If there is a slowdown in the optical-networking market, someone forgot to tell JDSU. JDSU pretty well hit on all cylinders even with a slowing from Lucent in the quarter.
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results growth surprise growing big
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