Q: So which companies do you like? A: Among the bigger players, we like Nortel (ticker: NT) and JDS Uniphase (JDSU).

Q: So which companies do you like? A: Among the bigger players, we like Nortel (ticker: NT) and JDS Uniphase (JDSU).

here are smaller names we like, too. One is Zhone (ZHNE), which makes a lot of the hardware that will be used for providing the triple play.

There are also some specialized semiconductor manufacturers who focus in this area, including Conexant (CNXT) and Mindspeed (MSPD) and Bookham (BKHM). All are very low-priced. The stocks trade around $3 or less, but they have lots of cash -- so they are like options on this business turning around. It's been slower to turn than people expected, and that's hurt these stocks.

There are also some specialized semiconductor manufacturers who focus in this area, including Conexant (CNXT) and Mindspeed (MSPD) and Bookham (BKHM). All are very low-priced. The stocks trade around $3 or less, but they have lots of cash -- so they are like options on this business turning around. It's been slower to turn than people expected, and that's hurt these stocks.

There are also some specialized semiconductor manufacturers who focus in this area, including Conexant (CNXT) and Mindspeed (MSPD) and Bookham (BKHM). All are very low-priced. The stocks trade around $3 or less, but they have lots of cash -- so they are like options on this business turning around. It's been slower to turn than people expected, and that's hurt these stocks.

Among the higher-quality names is Superior Industries (SUP), which is very solvent and has almost no debt. It is trading near five-year lows.

Others we think are reasonably solid are ArvinMeritor (ARM) and American Axle (AXL). They have fairly solid balance sheets, but are trading well below their multiyear highs, some near their lows.