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Strategies & Market Trends : News Links and Chart Links

SPXL 207.07

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Nov 17 4:00 PM EST

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To: Les H who wrote (2309)	7/15/2002 10:58:13 AM
From: Les H	Read Replies (1) of 29597

Telecom usatoday.com extract: Waves crashing ashore The telecom mess is unfolding in waves. The canary in the phone line was the crumpling of telecom equipment makers such as Lucent Technologies and Nortel Networks in 2001. The second wave has been the devastation of long-haul carriers such as WorldCom, Global Crossing and Qwest Communications. The next wave, many believe, will hit the older telecom giants such as AT&T, Verizon Communications and BellSouth. That wave might already have begun overseas. Deutsche Telekom, overloaded with debt and losing customers, is spiraling toward disaster. France Telecom seems close behind. Then look for a fourth wave: the wireless industry. Keep in mind, though, that some waves of telecom trouble will wash by as others crest. Superinvestor Warren Buffett apparently believes that the worst has passed for the long-haul carriers.

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