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The Cody Blog: CW Quoted In the WSJ

Friday, March 24, 2006

CW Quoted In the WSJ

Parts Makers For Telecoms Weather Storm
...Figuring out AT&T's expected savings isn't that simple. A lot of the savings will come from employing 10,000 fewer workers and shuttering customer-service and network-operation centers. By 2009, the company expects to have saved $800 million to $1.1 billion on capital expenditures, according to a March 6 presentation it made to analysts and investors. But to integrate the companies, the new gargantuan expects to spend the same amount on capital equipment -- $800 million to $1.1 billion -- over the same period.

"You can label the upfront stuff one way and the capital savings another way, but the fact of the matter is that they are going to have to be spending," says Cody Willard, principal of CL Willard Capital, a New York technology hedge fund. He says he hasn't changed his shareholdings in equipment makers such as Juniper Networks Inc. and Tellabs since the deal was announced....

Click here to read the full article.

Clip from last nights Kudlow & Co. appearance coming soon.


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