Monday, June 19, 2006
DSL Prime paraphrases the major changes in the Industry: "[Bell Labs Holmdel] was built for a single purpose that no longer exists. The U.S. is suffering mightily because the purpose - telecommunications research - certainly does exist. U.S. R & D is down more than half. Word came tonight that Nokia will absorb Siemens' telecom products. Not a surprise, but a very tough blow to 55,000 employees. Lucent is about to disappear as well, after the U.S. antitrust division ok'd the Alcatel takeover. In Asia, Harbour Networks is going, while Chinese-American company UTStarcom's problems cost their founder his job. This is a tough industry, even as it grows by ten million subscribers per quarter. "