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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (1689)	6/28/1999 2:14:00 PM
From: TwoBear	Read Replies (1) \| Respond to of 1722

I would view the market leader of HDSL, Pairgain, as such. They are evolving, on the surface, as a turnkey telco provider for many systems besides DSL. If I'm not mistaken they are developing software solutions for the telcos also. Albeit, their stock price does not seem to reflect this. As far as any of these companies, they are the only one who has a decent balance sheet. Scott

To: porcupine --''''> who wrote (1689)	6/30/1999 12:22:00 PM
From: porcupine --''''>	Respond to of 1722

Signs of "Consumer Euphoria" --???> June 30, 1999 "Consumer Confidence Is Highest Since '68" By BLOOMBERG NEWS WASHINGTON -- Consumer confidence rose in June to the highest level in more than three decades, suggesting to some that the Federal Reserve might raise interest rates more than once to rein in spending. The Conference Board's index of consumer confidence rose to 138.4 this month from 137.7 in May, the research group said today. June's reading was the highest since October 1968. "It looks like we are getting to the point where euphoria is creeping into consumers' outlook," said Vincent Boberski, senior economist at the brokerage firm Dain Rauscher in Minneapolis. Still, a Commerce Department report showed that higher borrowing costs might be starting to cool demand in at least one part of the economy. Sales of new single-family homes fell 5.1 percent in May, to a seasonally adjusted annual rate of 888,000 units, reversing much of the 6.4 percent increase in April. The message from the housing report is that rising mortgage rates may be keeping home buyers at bay, analysts said. Consumer confidence is closely watched because spending accounts for about two-thirds of the gross domestic product. Consumer spending bounded ahead in the first quarter at the fastest pace in 11 years, bolstered by rising incomes and stock prices, which set highs in May. The Federal Reserve chairman, Alan Greenspan, suggested to members of Congress two weeks ago that Fed policy makers might raise interest rates pre-emptively, even with few signs of an acceleration of inflation. While consumer prices rose at a 2.6 percent rate in the first five months of the year, up from a 1.6 percent increase last year, that was still lower than the 3 percent yearly average increase in the Consumer Price Index so far in the 1990s. The Federal Open Market Committee, the Fed's policy panel, began a two-day rate meeting Wednesday, and many expect it to raise the overnight bank-lending rate by a quarter of a percentage point, to 5 percent. It would be the first increase in interest rates since March 1997.

To: porcupine --''''> who wrote (1689)	7/1/1999 12:42:00 AM
From: LauA	Respond to of 1722

Will DSL, Cable, or Satellite companies ever net free cash flow? With all the dark fiber around, I would guess not. I guess a related question might be: Will ATT ever make any money? If their cable installations are construed as common carriers, will they be back in the 11% yield on depreciated book utility box? Lau