SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dexter Lives On who wrote (12120)2/10/2002 6:40:55 PM
From: Dexter Lives On  Read Replies (1) of 12823
 
Re: Capital Scarcity - the evidence is mounting

...
Reduced Spending

Still, analysts said that debt sold by equipment manufacturers is likely to fall further as the extent of investment cuts made by their customers becomes clear. Telefonica SA, Spain's biggest phone company, this week said it plans to halve its debt in the next three years, to 16.2 billion euros from 29.6 billion, partly by reducing investment.

``We expect further (spending) cuts both in fixed line and wireless,'' said Roger Appleyard, a credit analyst at ABN Amro in London. ``The impact can only be negative on Ericsson and Alcatel.'' European companies have ``the ability to cut capital expenditure over the next year to save 30 billion euros. That's 30 billion that won't be picked up by the equipment manufacturers.''

`Stay Away'

``They are definitely deteriorating credits,'' Appleyard said. ``We'd advice people to stay away. You will see Ericsson and Alcatel spreads converge at a wider level.''
...
quote.bloomberg.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News