Mark Kubisz, still holding my position but looking to add if price continues to drop.Recent drop in price is multifactorial IMHO for all the reasons already listed on the thread.Also the recently announced good news contract with AT&T may have been dimmed by somewhat negative remarks om AT&T competition in the Wall St Jour by Karlgaard:
=====================================================================
Message 4502026
"So why in the world is everybody worried about megamergers? The government, if anything, should be encouraging them, and so should consumer groups. The only hope for America's aging circuit-switched, copper-based telephone companies is to raise enough capital through mergers to fund a massive overhaul into high-capacity lines and Internet protocol switches.
Sporting Man
I say this as a sporting man. The old telcos don't have much of a chance anyway, so let's give them one. I think that when the tornado hits, the new Intels and Microsofts will have names like Worldcom, Qwest, Level 3, TCG, TCI, IXC, Williams, Windstar, Iridium and Teledesic. Born with a vision for data communications, these upstarts understand the exponential magic of today's technology. And like their counterparts in the PC industry, they see also the miraculous possibilities of elastic
demand: The more you reduce prices, the more you spur demand.
========================================================
My comment:
It may be too early to write off an old dog like AT&T: old dogs my have a few tricks left up their sleeve; AND the experience. I 'll wait,
TA |
