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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.69+0.4%3:59 PM EST

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To: larry who wrote (55962)10/16/2001 6:18:06 PM
From: Eric  Read Replies (1) of 77400
 
Larry

Well there is a lot of fiber in the ground and it looks like a large percentage is dark. But the reason is they put in extra fibers because the incremental costs are very small. The fiber is cheap but the cost to get in the ground is probably the carriers biggest cost. Hardware (optical and electronic) wise I don't think that much has been spent compared to getting the fiber in the ground.

Anyway the debt issue is a big one for some of these telecomm providers. Alas a lot of these companies did this to compete with other carriers without "turning their brains on" first!

A lot of these companies will be gone in a few years Larry and Darwinism will prevail. Of course that will be chaos for a lot of us.

Hardware will continue to be sold. Those that have the resources to buy it will bury their less capitalized competitors in the long run.

I would still invest in some of these but only after the smoke clears a little bit more.

I'm curious about your pharma work. My dad has almost done as well investing in Bio as I have in Cisco the last 9 years. I'll drop you a PM.

Eric
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