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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: MikeM54321 who wrote (9347)11/29/2000 12:13:10 AM
From: Raymond Duray  Read Replies (1) of 12823
 
Mike,

"What is happening?

Delusional thinking about growth prospects are being rationalized.

So what else is new?
Barriers to growth are being discovered. 61% female illiteracy in India. 78% female illiteracy in Pakistan.
3 billion human beings existing on less than $1 per day in income. But that is old. That's existed for a while. But the star-struck among the Telecosm incognescenti are just now coming to grips with these realities.

The rest of the world wants/needs to get connected worse than the US.
So? If wishes were horses beggars would ride. And illiterates have no use for chatting on the Internet. They have need for birth control alternatives.

The Communications Industry Is Not Dead
No, but how many times can you sell the same service to the same customer at declining prices and get any respect in a stock market that asks only one question: "What have you done for me lately?"

$270 billion and rising.
It's not the direction, its the change in the rate of change that counts. Think derivatively. Second orders of calculation. The telecom world is crashing, according to the game as the snake oil crowd concocts it. For you to be sanguine in the face of this, and be in denial, is going to be detrimental to your net worth. Don't fight the tape.

Ciao, Ray
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