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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: rr_burns who wrote (11035)4/18/2001 4:14:27 PM
From: MikeM54321  Read Replies (4) of 12823
 
"Chambers basically says that the capital flow into networking just stopped almost simulataneously around the world"

rr- I think it was ATT that stopped the capex wars. When ATT said "no mas" others quickly followed suit:
Message 15582551

Concurrent with that was the death of the CLECs:
Message 15653781

Add to that the first saturation wall regarding mobile wireless subscribers, and we had a disaster on our hands.

So in telecom land we had:
1) ATT giving up their solid access+LD plan in favor of making Malone rich quicker
2) Death of CLECs at the ILECs and FCCs hand
3) Mobile wireless subscriber wall.

Not to mention all of us have no need to upgrade our PCs and neither do businesses. It's too bad all hit at once. That is why Nasdaq went from 5100 to 1700.

A disaster of historic proportions. The perfect storm. -MikeM(From Florida)

PS Nice to see so many posters to the LM thread. Must mean there are a lot of us surviors (in our survival suits) out in the water waiting to be rescued.
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