Word: opticality
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...results have been plunging profits, mass layoffs and imploding stock values for companies that had been NASDAQ supernovas and among the chief reasons for the stock market's rise. At BlueStone Capital Securities, an index of 13 fiber-optic heavyweights that includes Lucent, Cisco, Nortel and JDS Uniphase has fallen 78% since last July, a plunge that has cost investors more than $1.1 trillion in market value. The percentage decline exceeds the drop for NASDAQ as a whole, which fell 51% over the same stretch...
...industry leaders expect business conditions to improve much this year. Phone companies "are really conserving their capital because of the severe downturn in the economy," says Clarence Chandran, Nortel's chief operating officer. Nortel is a one-company bear market. The world's No. 1 producer of fiber-optic systems, Nortel accelerated the industry's slide and NASDAQ's sell-off last month by abruptly slashing its 2001 forecasts and declaring that it would idle 10,000 employees, or nearly 10% of its work force...
...connects to the Net over copper has a typical download speed of 56 kilobits--or 56,000 bits--per second, at which rate it would take nearly 10 minutes to download a three-minute song. By contrast, a modem connected to a TV cable that feeds into a fiber-optic loop could claim that tune in under a minute. Yet even today only about 6% of U.S. households have cable modems or digital subscriber lines, which carry compressed data over copper wires at broadband speed. But that hasn't stopped carriers from blanketing the country with high-bandwidth networks...
...begin with a new U.S. Administration? Not well, from China's perspective. In the past two weeks, Washington has been hosing down China with acid, suggesting that a high-tech Chinese fiber-optic system was helping Saddam or last week announcing plans for a protest of Chinese human-rights violations. George Bush promised during the campaign that he would not make the Clintonian "mistake" of treating the Chinese as "strategic partners." Enough to rattle windows in Beijing. "Jesus," says a diplomat who helped press the pillowy strategy of trade and talk in the '90s. "Talk about a Great Wall...
...senior Pentagon officer. "Saddam is eventually going to get lucky. We just want to delay that day as long as possible." The wily boss of Baghdad had been pouring money into reconstructing his dated (but deadly) "Tall King" and "Volex" radars and linking them together with new underground fiber-optic cables. That would give the dishes much sharper eyes in the sky and antiaircraft shooters a faster bead on their targets. Pilots on no-fly patrol have lately noticed newly aggressive Iraqi tactics in picking up their aircraft, and they have complained that some surface-to-air missile operator might...