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Technology Stocks : International FiberCom, Inc. (NASDAQ- IFCI)
IFCI 0.06000.0%Jun 7 4:00 PM EDT

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To: Bob Mohebbi who wrote (3540)8/2/2002 1:32:55 PM
From: geoffrey Wren   of 3541
 
I was one of the suckers on this one. I guess a clue on this one was that they weren't making money when the build-up of telecom was in full-force. You could understand that for a telecom company, but not for an engineering company contracting with telecom companies.

My general rule is not to invest in any association of professionals: doctors, engineers, etc. Those that do the work charge a lot, or can walk, and those that manage often don't have the business background.

I suspect those at top were astute enough, though, to enrich themselves before the thing crashed.
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