Trans-oceanic capabilities will remain a bottleneck, but they
are not as problematic as in the previous decade. Witness Tyco
or any of the other folk that have cable-laying capability. Last
year they had waiting lines for boats. Now the boats are idle.
Too much capacity in water and no-one taking it up. (see first
point above)
Transatlantic bandwidth is becoming surprisingly cheap. It's now 50%
cheaper to get from New York to London than it is to get from New York to
San Jose.
Simon