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Few equity analysts nailed the telecom-bust
better than analyst Paul Sagawa of
Sanford Bernstein. Back in 2000, long
before the rest of Wall Street figured out
that the telecom-equipment market
would dry up, Sagawa was urging his clients to run -- not
walk -- away from the sector. Of note, he dissed Cisco and
Nortel Networks when those two high flyers were still investor

So it was with great interest when I heard the other day that
Sagawa had "called" the bottom -- that is, that the market for
equipment like routers that carry traffic over
telecommunications networks is finally set to improve.......................
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