lt cap,

Thanks for the barron's blog, brutal as it was. BMO showed no mercy in confessing that he had it all wrong. The synergies of

integrating ALU are noted, but get lost in the glare of the 'desert' condition. I guess one good takeaway is that the PT was lowered

from $6 to $4, and we're almost there. Apparently, nobody saw the spending drought coming. I remember when the PT was around $7,

and consensus was reasonably uniform. 

In all, reminds me of an old Stevie Winwood song:

"We'll be back in the high life again,

all those doors that closed on us, will smile and take us in"

It gets me to puzzle over this: Saw a prediction that by 2030, there'll 30 billion connection to the internet.  Data cannot shrink, no way around it.

Can the drought last as a price war forever? I'd guess not, but it depends on who is still standing when capex loosens up.

Your blog led me to find Cisco news on Barron's - Beat the estimates for this quarter, but guidance was disappointing. I've kicked myself a bit for not buying CSCO when it was in the $20's with a good dividend. So no one is immune. I haven't seen how the price faired. Interesting to me that they've made part of their business computer/network security. Being an established company, perhaps they give the newer kids on the block - Fireye, Palo Alto networks, etc. - a run for their money. That sector is heart-attack city. Bought PANW around $140, went to $200, then down to $120, now up to $160.  Crazy.