Four Plays Off Verizon's Quarter By Jim Cramer About this article: Ciena, Corning, JDSU, even Tellabs: That's the way to play this Verizon quarter, where spending is going to accelerate on optical businesses. It's been ages since we had a spending cycle worth noting in telco (vs. the unbelievably strong aerospace cycle; witness United Tech, Honeywell and now B/E Aerospace this morning). When we had the last one, it was fantastic for Ciena, JDSU, Alcatel, Lucent (pre-combination), Nortel and Corning. Corning signaled the strength last week, even though it seemed that people focused far more on LCD screens. This morning, though, Verizon makes it very clear that spending's going to be huge for these businesses. I don't want to overthink this. The stocks in this sector aren't expensive if Verizon is going to accelerate spending. Just check the upgrade this morning of Ciena by Weisel. It again signals that this is the moment. Of these, JDSU is the most problematic. Its history... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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