Is the telecom boom over?
It is a legitimate question after Nokia said its first-quarter sales and earnings will be below expectations.
While it would be easy to say the telecom sector's rebound was short-lived, a more accurate explanation is that Nokia's rivals are making life more difficult.
In Canada, the hot handhelds in the wireless market come from LG, Samsung, AudioVox and Kyocera.
Is it a coincidence they're Asian-based manufacturers?
Don't be surprised if telecom equipment makers such as Cisco, Nortel and Lucent start losing more sales to overseas rivals such as Huawei.
With all the "off-shoring" happening and engineers and software developers either staying home or being lured back, it likely that Asia will soon emerge as a new telecom force.