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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (83629)	9/20/2000 9:36:27 PM
From: Spekulatius	Read Replies (1) of 132070

Telecom output - Well Sprint issued an earnings warning today but the interesting thing is that the Sprint PCS group expects weaker growth too. It seems that its still too early to buy the telecom service providers - however, I do not think that its too late to buy puts or to short the telecom equipment companies.We will see a sharp downturn in spending soon and this will create the risk of a huge baisse market for those stocks. Despite the bad news for the telecom service companies, I feel that most of them are already cheap and close to their bottom.

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