Orckit Communications Ltd (NASDAQ:ORCT)
CAPS Rating:
The Company develops, markets and sells telecommunication transport equipment capable of supporting the growing capacity demands for bandwidth video services.
The Company develops, markets and sells telecommunication transport equipment capable of supporting the growing capacity demands for bandwidth video services.
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Orckit as at a turning point. First, I am bullish about the whole telecom-equipment sector as I fee that higher gas prices will lead to more investment in telecom. Second, Orckit has the proven technology. With only one more major customer, the company can become profitable (again), and with 2 or more new customers it can really soar. The company has signed on a new customer in the 1Q, which is a great sign. So this is the turning point...