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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: mtnlady who wrote (4176)9/28/2000 9:20:18 AM
From: Boplicity  Read Replies (1) of 65232
 
09:01 ET Sanford Bernstein Cuts : Sanford Bernstein downgrading Cisco Systems (CSCO) and Nortel Networks (NT) to MKT PERFORM from OUTPERFORM. Says recent study of likely carrier capital spending plans suggests that growth in sales of telecommunications equipment will decelerate from more than 28% in 2000, to less than 20% in 2001. Sees impact in optical, data and wireless sectors.>>

Now the perceived slow down is being accepted as reality. Bad very bad. What will be the driver going forward?
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