Trends in the U.S. communications equipment market: a Wall Street perspective

After years of decline, we exit 2005 predicting that U.S. telco capital expenditures (capex) spending could approach double-digit year-over-year growth in 2005 with spending into 2006 focused on broadband access, wireless, and (later) carrier-grade Ethernet initiatives. This article provides a Wall Street analyst´s perspective on select trends in the communications equipment market, with a view toward what the future might hold for the telecommunications industry.