Recently, I received an interesting email regarding the telecom industry and claiming a $400 million increase in yearly revenue in the next 5 years or basically a 36% increase from 2005. That averages out to just over 7% annual growth for the telecom sector year over year for the next 5 years. Seems a bit optimistic to me, even with VoIP putting a "shot" in the telecom sector's arm. Here's a snippet of the email I received:
While the past few years were harsh for the telecom industry, Insight Research forecasts that worldwide telecom industry services revenue will grow from $1.1 trillion in 2005 to $1.5 trillion in 2010, bringing an end to the industry slump. Further, the Asia-Pacific region is expected to achieve the highest rate of global revenue growth. With stellar quarterly earnings and an entire year of great results, Pacific Internet a.k.a. PacNet (Nasdaq: PCNTF) is poised to emerge as the clear market leader for the Asia-Pac region as telecom growth continues. PacNet is the largest independent Internet service provider in the Asia Pacific region. PacNet President and CEO Tong Hai will be in New York on May 26th and 27th, speaking at the New York Society Security Analysts event "2005 New Internet Leaders: Emerging Technology Small Caps."... <snip>
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I don't know if I would classify it as a slump... poor business management and greed led to the reapid decline and we are just heading for a new cycle