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Technology Stocks : Alcatel (ALA) and France
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To: larry pollock who wrote (3625)9/24/2001 6:15:02 AM
From: elmatador  Read Replies (1) of 3891
 
I have -in several opportunities- said in the LMT thread that the problem with ADSL, in particular, and CLEs, in general, was IMPLEMENTATION. But now I've got to the root.

NO one was much interested in implementation. The fact is: no one had a long term interest in the companies to operate as viable enterprises. They were just pumping hot air in the firms to get them attractive to a buyer. Venture Capitalism is not much than make a quick buck and run.

Venture capitalists baked ventures aiming but not in having these assets for the long term. It was just build, market-blitz and get rid of it. This worked for many ventures that ended up bought by overvalued stocks. It was an action among friends: CSCO guys were seating at boards of those new formed companies.

It perhaps warrants an investigation on these deals, venture capitalists and buyers. I see it today, Nortel writing off 5.3 billion in good will in JDS after a high figure (can't recall how much) written off due to the purchase of Promatory. Marconi, went shopping in the US for FORE and Reltec. It aimed at selling the company to a big telecom vendor. The collapse happened before they achieved their aim and are no in deep trouble.

If bad companies and bad plans plus greedy guys screw this thing up, we are not going to shed a tear for those guys, are we?
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