From CNNfn Interview:
DEFTERIOS: Dwight, we know that, in
fact, in the last year, there's been a huge rally in
cable stocks; the same thing has happened for the
telecom equipment providers. I'm thinking of
Lucent Technologies Incorporated (LU), NorTel
(NT), and Cisco (CSCO) -- they're all involved
in that. Do you think, in fact, that these are highly
priced right now, going forward? What do you
think is going to happen to this sector? Is this an
area that's just going to continue growing and the
rallies we've seen in the last year really don't
matter?
ALLEN: Well, I think that what we're seeing
is that the thinking is coming into focus that we're
into a whole new game, rather than simply
providing phone service and separately -- local
and long-distance at that. Not only are we now
coming to the day when we will be able to buy
those two things joined together, but also a whole
suite, a whole portfolio of products, and using the
Internet as the means of getting access.
And so, you have this vision of a new day
dawning and this hits the consumer market, as
well as business. And so you have all sorts of
video and audio and information and transactional
kinds of offerings. This creates excitement with
respect to everybody up and down the line: those
who have the connection into the home; those
who are making the equipment; those who
provide the long haul; and those who provide the
content.
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