TheStreet.com RealMoney

Don't Be Tempted by Telco Equipment

By Jim Cramer

 About this article:
 "Unanticipated softness in order flow beyond seasonality by some of our largest customers." That's Adtran's brutal statement from its earnings guidance cut. It is also the reason why, to me, Alcatel-Lucent , Nortel , Ciena , Tellabs and JDSU are still not go-to names. It is why Ericsson probably paid too much for Redback . Let's add Nokia and Motorola to the mix, and all that is inside. It is why only Cisco is investable because, like the Cisco of old, there's a mosaic of business that is not depending on AT&T merging with BellSouth or Verizon placing big orders. For as long as I have been in this game, people want to own telco equipment. I can't blame them. The biggest hit I have ever had in my career, save Intel , was to be hugely long...

You have just read the beginning of a premium article from our RealMoney Service. To read the rest of this article and sign up for a FREE trial please click below.

ACCESS STORY & START A FREE 14-Day Trial
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.



Already a RealMoney subscriber? LOG IN.
Username: Page data is submitted securely.
Password:
Forgot your Password? Click here


100% Money-Back Guarantee
If you decide to subscribe and you're not completely satisfied with TheStreet.com RealMoney, just call us within the first 30 days of your subscription and we'll refund your full annual subscription price — guaranteed.




If you choose a 14-day free trial of RealMoney and you do NOT call to cancel within those 14 days, you will pay $129.95 — a $100 savings off the regular annual subscription price of $229.95. Unless you cancel before the end of that year, your subscription will automatically renew for another year at the then-current subscription price.

Offer applies only to new annual subscriptions, and is subject to change at any time. Void where prohibited.

If you choose a monthly subscription, you pay $34.95 per month. You will be notified if the current monthly rate of $34.95 changes at any time in the future.

TheStreet.com is a publisher. None of the contributors or their affiliates will provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio of securities, transaction, investment strategy or other matter. From time to time, any or all of the contributors or their affiliates may hold positions in securities mentioned and they may trade for their own accounts. In cases where the position is held at the time of publication, appropriate disclosure is made.

© TheStreet.com, Inc., 14 Wall Street, 15th Floor, New York, NY 10005.