We know that the submarine cable systems market is cyclical, and after a turmoil period between 2000 and 2005, the submarine cable systems market is getting back colors. In the mid of the year, there were few regional system projects, such as Gondwana-1 in New-Caledonia, or APNG2 in Papouasia, Eassy between Zimbabwe and Botswana. Then long-distance submarine systems were found again some interest from operators. It was the I-ME-WE submarine cable connecting India, the Middle East and Western Europe; the EAC pan-Asia system for Asia Netcom; and last week the Trans-Pacific Express (TPE) between China and the USA, for a consortium made of Verizon, China Telecom, China Netcom, China Unicom, Korea Telecom, Tyco Telecom and Chunghwa Telecom. These new projects are important, because they imply that we are close to an end of the famous fiber and capacity glut of the beginning of the third millennium and that the long haul market should be attractive again in coming months.