Leading the way is JDSU (JDSU), a company I actually profiled in a bullish column in the last print edition of Forbes.

FORBES: JDSU: The Stock Market Has Optical Networking Fever

During a recent visit to the FORBES bureau in San Francisco, JDSU Chief Executive Thomas Waechter noted that in order to meet demand, companies making telecommunications equipment and their carrier customers are buying truckloads of the esoterica sold by JDSU and rivals.

FORBES: Magazine Article

The Sterne Agee analysts responded to the news by cutting ratings on Oclaro, JDSU and Opmext.

FORBES: Optical Stks Fall As Thai Floods Hit Key Supplier Fabrinet