There's probably a lot that I don't understand in the CC, but it sure a whole lot less specific, and it seems to me, less confident than before. The you 'can't tell until you can tell' seems to be covering a multitude of sins. If I've got it right, they really can't tell when things may/will be bought. They seem to me to be talking about a great future (Fallon is still on subject on that), but when, where, and how isn't clear. I'm not sure if the greatly increased references to 'dislodging established customers' means that they're up against rougher competition going forward than they were when they had the best product without real competitors.  My tech knowledge may make me wrong - but they also keep referring to the secular bandwidth explosion, whereas before they either spoke about *their* particular trajectory with some better time-line specifics.

The treatment of InPhi sounds like they're saying it just isn't going to impact much of anything. 

The more I listen, the 'squishier' the guidance seems. Not quite 'pick a number from ...', but a very obvious difference thean previously how how solid their specific expectations are. I have a feeling like it may be a fairly long wait for them to get near $20 again.

Whoa! If I just heard it right InPhi is a 'flash in the pan' - not relevant impact to INFN. Could that be true or did he just swallow a peyote button?

I listened to some of the CC, the opening and CFO's financial stuff, then the painful guidance, missing it by some 8%, a lot.  The references to "lumpiness" on several occasions is leading me to believe the company is basically saying that 2016 will be tough. I missed the reference to Dislodging established customers, I will read the CC transcript to get the context.

Part of me fears that where there is one roach there must be others, and judging from their cautious outlook, I am inclined to think it is possible.  However, if I were Fallon, I would have taken this opportunity to clean the slate, air all the dirty clothing and low ball everything to easily beat when this quarter  earnings are released.  Painful.

Not finding anything re "dislodging" in CC Transcript.