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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (4865)7/21/2000 11:36:06 AM
From: Earlie  Read Replies (1) of 436258
 
Heinz:

Good comments:

I have been telling clients and friends alike that Nortel, a company that I actually used to admire (but wouldn't buy at the current insane prices), has become a virtual operational company as opposed to being an equipment supply company, primarily as a result of its move into the financing business. Not that the company has any choice, as the equipment business has become brutally competitive.

Effectively, it is the Nortels of the world that have assumed the speculative risk in the operational side of the telecom game. The financing arrangements come as close as dammit to being a "pay-as-the-equipment-earns" game. And given the locales for plenty of the latest deals (as in Latin America), banking on payment is pure gambling, ........... or perhaps ensuring a decent follow-on market for one's insider stock sales over the next quarter. (g)

Best, Earlie
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