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Technology Stocks : All About Sun Microsystems
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To: JDN who wrote (50134)7/2/2002 5:52:10 AM
From: Steve Lee  Read Replies (2) of 64865
 
JDN the internet is here to stay. But it has been obvious that Global X and WCOM were not making money from the prices they charged for their services.

There is more to come from ISPs. It costs several hundred dollars per month for an ISP to provide broadband to one home. Until subscribers are paying that amount, the companies are losing money. The subscriber is getting a subsidy from shareholders and bondholders who will never see their investment returned.

If they claim they are making money, they are lying IMO.

You might think it is too late to do anything about this bursting bubble now, but have you sold your EMC yet?

There is a lot more of this to come out. Nasdaq has to be cut in half and probably half again before this is over.
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