I attended my share of job fairs in the late 90's. Two things were always a given at these job fairs:
- Job fair attendees showed up in droves (like the children of Israel following Moses).
- Half of the attendees swore they'd never return to Telecom.
Is that good enough to satisfy today's tech-savvy job-seekers?
Of course it is. Even if our beloved boomers (of which I'm a card-carrying member) have long memories and hearts too faint to ride another feisty telecom wave, the job-seekers of 2007 will have a different perspective; one that's fueled by the opportunity to dive head-first in to the cool technology proffered by today's telecom.
Is that why investors have plowed over $450 million into telecom exchange-traded funds this year? Maybe. In fact, the telecom industry — phone companies, wireless providers and all the firms that support them — is the leading ETF sector in 2006, returning 27% so far, according to State Street. Coming in a distant second is energy, with a 15% return.
I think Telecom is back. And I'm glad I'm in a business that's supporting this growth.
Check out SmartMoney's complete article (The Return of Telecom) HERE.