U.S. Fiber-Optic Spending Predicted to Rise by
42%, WSJ Says
By Miriam Kenner
San Francisco, Oct. 30 (Bloomberg) -- Spending in the U.S. fiber-optic data
transport system industry will grow by 42 percent, a report by San-Francisco-based
researchers Ryan Hankin Kent Inc. predicted, the Wall Street Journal said, citing
the report.
RHK's report, to be released today, expects industry spending to rise from the
current $20.6 billion to $29.3 billion in 2001. The study puts Nortel Networks Corp.
in the lead in North America's optical equipment market, above rival Lucent
Technologies Inc., the WSJ said.
``If anything is going to suffer it's not going to be optical,'' said Dana Cooperson,
RHK director of optical networks, the paper reported.
Brampton, Ontario-based Nortel shares plummeted last Wednesday when the
company announced optical-equipment sales fell in the third quarter, triggering a
sell-off of other industry companies, the paper said.
(Wall Street Journal, 10/30)
|
Thread abonnieren
