Welcome to the 43
issue of Submarine Telecoms Forum magazine, our Finance and Legal edition! rd
melt·down Pronunciation: \melt-dau-n\ Function: noun Date: 1956 1 : the accidental melting of the core of a nuclear reactor 2 : a rapid or disastrous decline or collapse 3 : a breakdown of self-control (as from fatigue or overstimulation)* Words are funny, simple things. In the first 50 days of a new presidency, the words “crisis” and “catastrophe” have become commonplace, in exchange of their recent predecessors, “hope” and “change.” 2
A meltdown of the fabric of business is underway, yet its impact on telecoms is, at best, unclear. We suffered our own peculiar industry meltdown in 2002, caused mainly by our own idiotic actions. Yet, in the 24 years I have enjoyed and endured this business, I have always been amazed how little our commercial cycle has tracked regional economics. What we don’t seem to know today is whether that rule will hold true; or, because the nature of this event is worldwide, if our industry will suffer considerably as well.
Words are funny, simple things. re·sil·ience Pronunciation: \ri-zil-y-n(t)s\ Function: noun Date: 1824 1 : the capability of a strained body to recover its size and shape after deformation caused especially by compressive stress 2 : an ability to recover from or adjust easily to misfortune or change*
So I ask the question: Are systems being delayed or outright killed as a result of the worldwide economic storm? If so, where? *Merriam Webster Dictionary