Companies throughout the economy are scurrying to adjust to the state of the marketplace by cutting spending and laying off workers. Technology manufacturers have been particularly hard hit.
Many companies now find they have too much capacity for sharply low demand.
No industry has slammed into a brick wall more forcefully than telecommunications. Carriers spent much of the past several years tearing up streets and laying down fiber routes as if demand knew no bounds. The glut has triggered an all out price war and sent shock waves through the telecommunications industry as carriers slash equipment spending. Faced with sliding profits, telecommunications customers must concentrate on getting more out of what they have. Next Generation Internet Summit.