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Strategies & Market Trends : Making Money is Main Objective
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To: Softechie who wrote (1039)4/5/2001 12:40:04 AM
From: BWAC  Read Replies (2) of 2155
 
Softechie,

Doesn't this Lucent stuff remind you of the "Conseco Debt March" of last year? The whole scene is playing out just the same. Bash. Short. Bash. Short some more. Incite panic. Bash. Short. Incite panic. Repeat.

Actually maybe the same theme in the whole telecom sector?

Anyway is there a lesson for companies to learn? And a course of action for them to follow? I think yes. Its not enough to throw prior management out. The company needs to proactively and aggressively counter the bs propaganda. Just like Wendt has at Conseco with his shareholder letters. If the market is spreading bs, the company better get busy and get the bs corrected. As loudly and aggressively as the bs was spouted in the first place.

Take todays action. LU bankruptcy rumor. Lu repsonded, but you can bet they didn't want to, nor felt any real obligation to do so. But they weakly responded. And LU still got trashed. They should have responded to the bs weeks ago before the damage got out of control.

Certain factions of the market are dead set on destroying companies abilities these days. Abilities to operate, abilities to gain financing needed to operate. Management that ignores this faction will be faced with decimated companies shortly.
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