Yes, it is. Prime Rate now at 9.5%, highest in a long time. But an even bigger effect will be how much WCOM's revenues get affected by an economic slowdown. How discretionary are telecom services, when a business needs to cut costs? On balance, I think they'll hold up pretty well. In fact, I think telecom services may hold up better than hardware and software purchases, which have big upfront costs. So, I'd rather bet on WCOM than on ORCL or INTC, if the economy is going to slow down.
So, I'll be back. |
