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Gold/Mining/Energy : Swing Trading Toronto Stock Exchange Listed Stocks
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To: Vitalsigns who started this subject11/16/2001 2:47:25 PM
From: Vitalsigns   of 2773
 
Telecom Equip Capex Spending : -- Morning Note -- Bank of America issues the results of their Q3 capex survey; estimates that capex will continue to decline 12% in 2001 and 20% in 2002. Several carriers cancelled capex-intensive programs including T, FON, and SBC; New Carriers and CLECs have finished their network build-outs and are limiting their budgets to demand-driven capex. Anticipates recovery to occur in 2002 if deterioration that began in the Sept quarter continues; alternatively, believes capex could decline throughout 2002 if spending is pulled forward as it was in 2001
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