16 Years Providing Weekly Foresight

 

The most accurate predictive letter in computing and telecommunications,
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In This Issue     Feature: The Telecoms Equipment Sector: A Lesson in Economic Destruction   The Catbird Seat The Parasitic Load of Mercantilism Huawei: The First Chinese Champion North American Routers and Switches European Casualties China's Role: IP Black Hole   Quotes of the Week   Upgrades   Seeing the Entangled The Internet Assistant, Chapter III   TakeOut Window   Back to Mars   Ethermail   In Case You Missed It... Members Making News   Upcoming SNS Events & Media Links   In Other House News...   New Members' Welcome How to Subscribe May I Share This Newsletter? About SNS About the Publisher Where's Mark?

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SNS Book Selection: Top Secret America: The Rise of the New American Security State, by Dana Priest and William Arkin; published by Little, Brown.

 

 

 

 

 

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The Telecoms Equipment Sector:

   An Object Lesson in

     (Non-Schumpeterian)

       Economic Destruction

 

There was a time in human memory when Lucent was the big kid on the block.  A hot company, a hot stock to own, run by some very savvy executives.  Its top salesperson, a woman named Carly Fiorina, was so hot she was able to break the glass ceiling and grab the CEO ring in the Valley's most treasured company, Hewlett-Packard. 

 

Lucent was King of the Hill: an exciting company that seemed to be minting money, and no surprise: it was smack in the strategic center of building out the Internet.  It was in telecoms equipment. 

 

Sounds kind of funny now, doesn't it? 

 

Today, any non-Chinese company unfortunate enough to be in - or to have been in - that sector is either dead or dying.