Sunny side up: Don't tell Latin America's telecom vendors that times are bad. They just won't hear of it. (Connection).

Latin Trade | February 1, 2002| | Copyright

An uglier scenario would be hard to imagine-mass layoffs, eye-popping write-downs and a whiff of scandal as shaky financing deals literally tear apart some of the darlings of the global telecom equipment biz. Wireless leader Ericsson saw sales in Latin America fall by 50% in the third quarter. AT&T spin-off Lucent creaks through a multibillion restructuring even as it warned of a 35% quarterly decline in global revenue. Even hardware giant Cisco, the sector's bellwether, reported a 38% slide in the first fiscal quarter of 2002.

Add a sudden worldwide economic ...

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