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Strategies & Market Trends : Technical analysis for shorts & longs

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Jan 12 4:00 PM EST

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To: j g cordes who wrote (38697)	12/31/2002 1:50:06 PM
From: Logain Ablar	Read Replies (1) of 69707

Hi Jim: Happy New Year. If you think software is consolidating look @ what is going to happen once United and WCOM's debt is equitized. I remember last December [2001] being a record for defaults and it was exceeded in Jan. Well the whole year kept pace as 2002 is a new record. A lot of these chapter 11 companies are going to hurt their healthy competitors. There will be a lot of consolidation over the next couple of years, not just software, chips, telecom, financial, airlines, to name a few and of course plenty of capital to start new companies in these spaces.

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