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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.22+1.8%Nov 28 9:30 AM EST
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To: Glenn D. Rudolph who wrote (109916)10/8/2000 11:27:04 PM
From: GST  Read Replies (3) of 164684
 
Glenn: To add to you post on bandwidth -- the capital intensity of the infrastructure build-out makes the telecoms reliant on the debt market -- which is growing increasingly concerned with the ability of rapid broadband expansion to pay its own way. Broadband will only grow as fast as the bond market will put up the money -- watch for bond-ratings to drop to slow down infrastructure plays -- not to mention the bite of higher interest rates both here and elsewhere. Shaky junk bonds are going to cause a stir.
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