It's Too Soon for a Mobile Infra Bottom By Tero Kuittinen About this article: Last week, Ericsson delivered a notable positive surprise; this morning, Alcatel-Lucent managed to disappoint yet again. ALU delivered a good old Pat Russo special -- a revenue miss, a company-specific revenue warning and a downgrade of sector prospects for 2008. Ericsson and ALU -- these mobile infrastructure titans have led the telecom bounce of last month. It's a fascinating phenomenon that may represent a blunt attempt to replay the last telecom cycle bottom. Re-enacting the patterns of the past is a tricky endeavor, though -- this spring run-up looks premature. Last Time Around Back in the summer of 2002, it was hard to think of more widely loathed companies than mobile network equipment vendors. Nobody even considered touching Ericsson or Lucent after they had seemed like the safest of telecom plays in the summer of 2000 and then turned into serial warners of nearly biblical proportions. Yet that... 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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