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Technology Stocks : Lucent Technologies (LU)

LU 2.500

-0.8%

Nov 28 9:30 AM EST

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To: Anonymous who wrote (21166)	1/27/2003 3:35:03 AM
From: elmatador	of 21876

Telecoms industry may be in a catastrophe, says report By SBN team asia.news.yahoo.com Hit hard by the current and severe downturn, the telecommunications industry is beginning to hint at the possibility of a “catastrophe,” according to a report from Probe Research here today. The Cedar Knolls-based research firm characterizes a “catastrophe” scenario under which the major players would collapse, resulting in a crippled industry with no entrants exerting leadership. Victor Schnee, Probe's founder and president, believes the most disturbing part about the “catastrophe” analysis is that the industry itself is the partial cause of its own collapse. "It should be noted that the purpose of writing about the possibilities of catastrophe in the industry is not to encourage that result but to present a clear warning that might help industry members take steps to prevent it," Schnee said. The current telecommunications industry is what Probe calls the “Sargasso Sea” scenario, that is, a business “adrift with little change, dynamics at low ebb, and demand stifled with a slowdown in the rates of change and growth.” This story first appeared in Semiconductor Business News, a US-based CMP publication.

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