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Technology Stocks : (LVLT) - Level 3 Communications

LVLT 53.63

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Nov 1 5:00 PM EST

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To: SecularBull who wrote (1832)	4/13/1999 10:32:00 PM
From: Doug (Htfd,CT)	Read Replies (1) of 3873

"The law of the telecosm ordains that the total bandwidth of communications systems will triple every year for the next 25 years. As communicators move up-spectrum, they can use bandwidth as a substitute for power, memory, and switching. This results in far cheaper and more efficient systems. In 1996, the new fiber paradigm emerged in full force. Parallel communications in all-optical networks became the dominant source of new bandwidth in telecom. Like Moore's law, the law of the telecosm will reshape the entire world of information technology. It defines the direction of technological advance, the vectors of growth, the sweet spots for finance." -- George Gilder, "Fiber Keeps Its Promise" The above is merely one paragraph from the Gilder piece, as quoted almost two years ago in the Ciena thread right here in SI (see siliconinvestor.com For a full archive of Gilder's writings on the Telecosm and the economics and future of "dark fiber" (LVLT's stock in trade) see the Gilder archives at forbes.com Doug (long LVLT & QWST)

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