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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: MikeM54321 who wrote (8788)10/6/2000 3:33:56 PM
From: MikeM54321  Read Replies (1) of 12823
 
Thread- Well maybe the Street is finally nearing an end to it's massive beating of the telecom sector? Lets see how many of the following type articles start crawling out in the next few weeks. -MikeM(From Florida)
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NEW YORK -- Brokerage house WR Hambrecht came out in defense of ADC Technologies-- and, by extension, the entire communications equipment group.

Telco spending fears "overblown"

"Continued concerns of an overall slowdown in carrier capital spending are overblown," the brokerage said in a research note published this morning.

"We recently raised our estimate for U.S. carrier capital spending in 2000 to $96 billion from $88 billion, representing expected growth of 29 percent in spending compared to 1999, and continue to believe the carrier-spending environment remains very healthy," the brokerage added.
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