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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.96

+0.3%

Jan 28 3:59 PM EST

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To: The Phoenix who wrote (46283)	1/7/2001 5:27:05 PM
From: zbyslaw owczarczyk	Read Replies (1) of 77400

Qwest and Sprint will spend more in 2001 than 2000: redherring.com. Qwest recently revised upward its capital expenditure from $8.25 billion to $9 billion for 2000 and to $9.5 billion for 2001. Not a huge increase, but enough to build out DSL, wireless, and Web-hosting services, the company says. And a more than 40 percent increase from 1999, when the combined spending of Qwest and US West (which Qwest acquired earlier this year) was $5.7 billion. "Are we at the point where 2000 was the peak [spending] point? Absolutely not," says Ben Vos, director of network planning and design for Sprint (NYSE: FON). "We'll continue to see substantial amounts of spending in 2001 and 2002," particularly in optical networking equipment, he adds. . . . And it's forcing carriers to change their ways. "You can't continue to buy the stuff you've always bought at a 30 percent discount," says Mr. Mohebbi. "This is not a market that's very forgiving. In the service business, you either change really fast or bad things are going to happen to you."

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