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Technology Stocks : Juniper Networks - JNPR
JNPR 39.950.0%Jul 2 5:00 PM EST

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To: Rich Wolf who wrote (3124)3/17/2002 7:36:00 PM
From: Raymond Duray   of 3350
 
Hi Jack,

Re: ILECs going out of business?

Certainly you can't dispute the fact that Qworst can no longer access the commercial paper market. The move it made two weeks ago to tap out existing lines of credit is completely reminiscent of the maneuvers of Enron and Kame-Apart in the weeks before they augured in.

Re: I hadn't heard the speculation about ILEC death. But neither have I looked at their income statements and balance sheets.

Here's a very astute view from an observer, Roxanne Googin, who has done extensive analysis of these P&Ls and BSes:

isen.com

There was an extensive interview with Ms. Googin in the April-May Cook Report, discussed at some length on this thread:

Message 17119336

Message 17178553

Message 17178846
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