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<< If all these companies go bankrupt, then who's left? The same guys that have been buying subsea systems since the beginning of time: the incumbents. Deutsche Telekom, Telecom Italia, France Telecom, British Telecom, NTT, JapanTel, SBC, Optus,>>

That's great that the DT's, BT's and the XYZT's of the world will pick up the pieces of the TSIX's and LVLT's and complete their networks. What you are saying is if the undersea cable networks business model fail, then TCM is the best investment because they can fall back on supplying these failed business models. It would be a one shot deal. I personally would not want to be in the business of supplying a proven failed business model. I stand by my original statement, your logic is severely flawed.
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