True ZO, they are all down. Eventually, with higher interest rates,
it is a known fact that it is the high PE stocks that suffer the most.
I believe several people will be badly hurt because nobody
believes any more in the PE. We now have the PE to Growth,
or the PE to No of clicks or whatever.
That has been going on for 10 years.
In fact the laws of physics are rarely overturned, ( everybody, please chuckle here ).
What we have instead is a case of short memories, which is
very natural. Many people just don't have enough memory
neurons to go back and look at the effect of high interest
rates on high PE stocks: Now you are talking a real bloodbath.
Companies making 2 cents a year selling for $200 a share.
Watch that meteoric burn in the summer sky.
With NN I think we got a clear path. ~$1/year on~$32/sh.
ATM exploding.LMDS exploding. "Last mile to the house
or business problem easily and more cheaply solved
with 3dsl and LMDS; this is critical in a high interest
rate environment. Especially with ballooning healthcare costs;
there will be much less money to buy more expensive optical
system.
Can you comment on what you think the scenario will unfold with
the new FCC ruling in terms of what the RBOCs and CLECs will do,
and what will be NNs position in this as well as LU, CSCO,NT etc.
Back much later,
TA
Message #17039 from zbyslaw owczarczyk at Feb 15 2000 12:12PM
Almost every telecom/net. company is sharply down:CSCO,TLAB,NOK,ERICY
ALA,NT,NN
Zbyslaw |
